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Analysts at SICO expect the urea market to stay oversupplied in 2017, with new capacity of about 12 million tonnes in 2017-18 outpacing demand growth of about 6 million tonnes. They revised their 2017 urea price assumption up to $250/tonne from $230.
Excess supply keeps fertilizer prices under pressure, which supports lower nitrogen input costs for farmers, though the revised price forecast suggests some recovery.
thepeninsulaqatar.comThe Peninsula NewspaperFeb 3, 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.
