Loading…
CRU analysis examines whether China can absorb the global surplus of merchant ammonia, noting China's imports could reach 1.0 million tonnes in 2018, up about 40 percent. Domestic Chinese prices remain high on tight supply after plant closures.
Strong Chinese import demand could support ammonia and downstream nitrogen and phosphate prices, which feed into fertilizer costs for grain and oilseed production.
crugroup.comAuthor Jennifer Willis-Jones Ammonia NitrogenJun 27, 2018Not 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.
