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Gulf ammonia contracts for June settled about $60 a ton lower at $240, the lowest since January's jump. The decline pushed the Gulf urea and UAN indexes lower as well, with UAN at the Gulf down $5 to $154.
Rising U.S. ammonia output and weaker urea prices point to lower Midwest terminal and retail nitrogen costs, which lowers input costs for grain and feed producers.
vinachem.com.vnJun 8, 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.
