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Acron reported record 1H19 results, with mineral fertiliser output up 4% y/y to 3.197 million tonnes and ammonia output up 6%. Agricultural-grade urea output rose 33% after a new unit started at end-2018.
Higher output from a major Russian producer adds modest supply to the urea and nitrogen market, a mildly bearish factor for fertiliser prices.
worldfertilizer.comNicholas WoodroofJul 23, 2019After 42 past bearish report events, Urea moved a median +0.3% over 5 sessions (57% higher; middle half -1.9% to +3.3%), and +2.9% over 20.
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.
