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Nitrogen producers are optimistic about long-term urea prices, citing US sanctions on Iran, reduced Brazilian output after plant closures, and limited Chinese exports estimated at 2 to 2.5 million tonnes in 2019. Analysts caution that Brazil's import demand may be overstated.
Tighter supply from sanctioned Iran, Brazilian plant closures and restricted Chinese exports supports a firmer urea market, which raises input costs for feed and livestock producers.
profercy.comChris YearsleyMar 4, 2019profercy.comChris YearsleyMar 4, 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.
