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Six new US urea plants built since 2016 are now operating, adding nearly 5 million t/yr of capacity, and two standalone ammonia plants add 1.55 million t/yr. GCC urea exports to the US fell by 1.77 million tons compared with 2015-2016 levels.
Growing US domestic nitrogen output displaces imports from the Gulf and pushes Middle East exporters to find other markets. That added supply weighs on global urea and ammonia prices over time.
gpcachem.orgSep 2, 2018After 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.
