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Ammonia prices at the US Gulf rose $36.25 to $313 a short ton for December contracts, and retail ammonia moved higher. Urea dropped again the prior week, though downside momentum may be slowing, with rumors that China may need to import urea.
Mixed nitrogen price signals, with ammonia firm and urea softening, leave input costs for 2018 uncertain for grain and feed producers, though expected Chinese import needs could support urea.
vinachem.com.vnDec 7, 2017Not 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.
