# Nitrogen markets rally for six weeks, June closes with nitrogen prices well above June '17

> Global nitrogen prices rallied for six weeks from mid-May, with Egyptian and Arab Gulf urea FOB prices up $55-70/t. The rally followed a slow start to 2018 caused by weather delays and deferred demand, and was amplified by a decline in Chinese urea exports and uncertainty over Iranian urea outlets.

- Date: 2018-07-03 · published 2018-07-03T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/63973-nitrogen-markets-rally-for-six-weeks-june-closes-with-nitrogen-prices-well
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

A sustained rise in nitrogen supply costs raises the cost of corn production, which can curb planting and support grain prices over time. Reduced Chinese export availability keeps global nitrogen tight.

## Read by commodity

- UREA: bullish ▲

## Sources

- profercy.com: https://www.profercy.com/insights/nitrogen-urea-prices-rally-june2018

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.