Softening gas prices credit positive for urea sector: Report

After 113 past macro events, Urea moved a median 0.0% over 5 sessions (48% higher; middle half -2.0% to +3.3%), and +3.7% over 20.

• Jan 9, 2023Looking to a turn in the commodity price cycle - CRU Group-2.9%
• Mar 20, 2023Global Natural Gas Prices Keep Falling as Demand Weakens, Banking Crisis Weighs on Markets – LNG Recap+0.3%
• Mar 24, 2023US natgas prices slump after mild winter leaves big surplus | Reuters-0.8%
• Nov 29, 2022Europe: Nitrates prices decline following restarts; now nearing breakeven levels-4.0%
• Jun 23, 2022Recession worries trigger grains selloff – The Seam+0.2%

After 59 past bearish macro events, Natural Gas moved a median +1.3% over 5 sessions (58% higher; middle half -5.0% to +5.2%), and -2.0% over 20.

• May 11, 2020Natural Gas Exports Slow as Pandemic Reduces Global Demand - The New York Times-7.2%
• Jan 7, 2019Moderation in gas prices will improve margins for urea players: ICRA | ECHEMI+3.6%
• Oct 6, 2020Lower gas prices to benefit urea producers, reduce subsidy needs: Icra, ETEnergyworld+15.1%
• Jan 3, 2023Natural Gas Prices in Europe Fall to Pre-Invasion Levels - The New York Times-4.8%
• Feb 21, 2025Friday’s Insider: Urea and gas prices — market in transition — Fertilizer Daily-18.8%