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Granular urea prices rose about 2.6% week on week to July 14, with NOLA up 4.4% to $152/t and the Middle East up 2.4% to $171/t. Prilled urea in Yuzhny fell 1.6% to $185/t.
Falling global ammonia prices continued to pressure producers.
Granular urea gains modestly lift nitrogen input costs, while the prilled decline shows the price move is not uniform across origins.
marketrealist.comAdam JonesJul 17, 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.
