Loading…
Argus analysis shows urea-ammonia upgrading margins reached their highest since 2012 because weak ammonia prices widened the spread. Three Russian producers have decided to add urea capacity, and a fourth is building new urea and nitrates capacity.
New Russian urea capacity could add supply to a market already showing oversupply, which is bearish for future urea prices and nitrogen input costs for feed grain producers.
gpcachem.orgSep 1, 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.
