Loading…
Azerbaijan's only fertilizer plant, SOCAR Carbamid, reached its full annual capacity of 650,000 tonnes and began exporting carbamide (urea) this month. The plant's head confirmed the start of exports to Reuters.
Additional Caspian urea export supply adds to global nitrogen availability, which is mildly bearish for urea prices in import markets.
reuters.comMay 29, 2019After 81 past bearish trade events, Urea moved a median -1.0% over 5 sessions (28% higher; middle half -7.2% to +0.4%), and -5.5% 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.
