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Cowen said the recent urea price rally, driven by outages, seasonal maintenance and early Indian demand, is unlikely to be sustained. The firm expects supply to normalize and new capacity to arrive, leading to lower prices into late 2017 and early 2018.
Expected supply recovery and new capacity point to weaker nitrogen prices, and farmers may delay fall nitrogen application given the shifted soybean/corn ratio, reducing near-term demand.
vinachem.com.vnNov 14, 2017Not 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.
