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Global urea prices fell to three-month lows, with about a 25% decline over two weeks. Chinese urea exports fell 52% year on year in January-October to 3.7 million tonnes, and China may reintroduce an export tax in 2018.
Sharp urea declines reflect weak demand outside India and reduced Chinese exports, but potential Chinese export tax and environmental levies could limit future supply and push prices back up.
vinachem.com.vnDec 4, 2017After 81 past bearish trade events, Urea moved a median -1.0% over 5 sessions (28% higher; middle half -7.2% to +0.4%), and -5.5% over 20.
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.
