Loading…
CRU analysis finds UAN prices have risen substantially in recent months. Chinese exports remain subdued because Chinese production costs are high and the export netback would need to be about $280/t FOB.
Market sources stay bullish, though an easing in supply could cap gains.
With China unlikely to export UAN soon, global nitrogen supply stays tight and supports urea and nitrogen prices. Buyers should expect firm nitrogen costs for the coming season.
worldfertilizer.comRobyn WainwrightNov 5, 2018worldfertilizer.comRobyn WainwrightNov 5, 2018worldfertilizer.comRobyn WainwrightNov 5, 2018After 59 past bullish trade events, Natural Gas moved a median +1.3% over 5 sessions (61% higher; middle half -2.7% to +10.6%), and +8.0% over 20.
After 176 past bullish trade events, Urea moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +2.4%), and +1.6% 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.
