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Nitrogen producers such as CF Industries and Agrium are expanding diesel exhaust fluid output, a urea-based product, as tighter diesel emissions standards in the US and Europe raise demand. DEF sells at premiums of $50 to $100 per short ton over fertilizer prices.
Diversion of urea into higher-value DEF could absorb supply and support urea prices, a modest bullish factor for nitrogen costs facing feed producers.
hydrocarbonprocessing.comAug 24, 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.
