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Acron reported record 2018 commercial product output of 7.5 million tonnes, up 2.5%, with urea output reaching 1.134 million tonnes after a unit upgrade. Its UAN output reached 1.422 million tonnes, making it the largest UAN exporter globally, and average 2018 urea prices rose 15% to $251 FOB Baltics.
Higher output from a major Russian exporter adds nitrogen supply to world markets, which could limit further urea price gains even as demand from Latin America and India stays firm.
worldfertilizer.comRobyn WainwrightJan 28, 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.
