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Urea prices at Croatian and Romanian ports rose above $280 per tonne in late August, up from $265 in early August. India returned to the market with a 712,000-tonne tender purchase, absorbing Iranian supply, while Chinese sellers released product at higher prices.
Strong Indian buying and reduced Iranian and Chinese availability tighten the global nitrogen market and support further urea price gains into autumn buying.
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.