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ChemAnalyst reports that urea prices have climbed steadily since Q1 2022, driven by high natural gas costs and supply constraints. Ammonia feedstock tightness from Ukraine plant closures and firm Kharif season offtake supported values.
Urea in China was assessed at $522/t fob Qingdao in mid-April.
Higher natural gas and ammonia costs lift urea production costs and support nitrogen fertilizer prices, raising input costs for feed grain producers.
chemanalyst.comXiang HongApr 27, 2022Not enough comparable past events yet for a historical read.
Not 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.
