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Global ammonia markets softened in March, with the April Tampa contract settling at $275/mt cfr, down $30. Middle East fob prices also fell, and a Trinidad plant restart was expected in early April.
Weaker ammonia and urea prices and expected new supply point to lower global nitrogen input costs, though tight Middle East supply partly offsets the decline.
u.osu.eduruff.72 atApr 9, 2018Not 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.
