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Ammonium nitrate listings on the Black Sea fell by $11.50 to $170-175 per ton in the second half of September. Russian ammonium nitrate prices also declined, drawing demand from traders and large farm holdings.
Brazilian urea rose slightly above $280 per ton CFR, and another Indian tender is expected in mid-October.
Falling Russian nitrogen prices and firmer Brazilian urea point to mixed signals for global nitrogen values. Demand from Indian tenders will be a key driver of the next price move.
fertilizerdaily.comElena ShalashnikOct 14, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
