# Europe: Nitrates prices decline following restarts; now nearing breakeven levels

> European nitrates prices have fallen since October as gas supply improved and nitrogen plants restarted. Dutch day-ahead gas dropped to the low €20s/MWh by early November, far below the summer peak of €350/MWh.

- Date: 2022-11-29 · published 2022-11-29T12:00:00.000Z
- Category: macro · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/7856-europe-nitrates-prices-decline-following-restarts-now-nearing-breakeven-levels
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Lower gas feedstock costs and returning production are pushing nitrate prices toward breakeven, while soft urea prices keep buyer demand subdued.

## Read by commodity

- UREA: bearish ▼
- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2023-03-20 | [Global Natural Gas Prices Keep Falling as Demand Weakens, Banking Crisis Weighs on Markets – LNG Recap](https://feedsoft.ai/events/37032-global-natural-gas-prices-keep-falling-as-demand-weakens-banking-crisis-weighs.md) | +0.3% | +13.2% |
| UREA | 2023-03-24 | [US natgas prices slump after mild winter leaves big surplus \| Reuters](https://feedsoft.ai/events/37027-us-natgas-prices-slump-after-mild-winter-leaves-big-surplus-reuters.md) | -0.8% | +13.0% |
| UREA | 2020-03-20 | [Coronavirus impact hits western urea markets hard, east faring better for now](https://feedsoft.ai/events/54426-coronavirus-impact-hits-western-urea-markets-hard-east-faring-better-for-now.md) | -1.2% | +0.7% |
| UREA | 2026-07-30 | [Brazil fertilizer deliveries seen falling at least 10%](https://feedsoft.ai/events/18687-brazil-fertilizer-deliveries-seen-falling-at-least-10.md) | -4.0% | -1.5% |
| UREA | 2023-01-09 | [Looking to a turn in the commodity price cycle - CRU Group](https://feedsoft.ai/events/10450-looking-to-a-turn-in-the-commodity-price-cycle-cru-group.md) | -2.9% | -18.7% |
| NATGAS | 2023-01-03 | [Natural Gas Prices in Europe Fall to Pre-Invasion Levels - The New York Times](https://feedsoft.ai/events/9189-natural-gas-prices-in-europe-fall-to-pre-invasion-levels-the-new-york-times.md) | -4.8% | -32.8% |
| NATGAS | 2021-03-12 | [Asia and LNG Are Disrupting Europe’s Natural Gas Price Model - Bloomberg](https://feedsoft.ai/events/48283-asia-and-lng-are-disrupting-europe-s-natural-gas-price-model-bloomberg.md) | -8.1% | -6.7% |
| NATGAS | 2023-03-20 | [Global Natural Gas Prices Keep Falling as Demand Weakens, Banking Crisis Weighs on Markets – LNG Recap](https://feedsoft.ai/events/37032-global-natural-gas-prices-keep-falling-as-demand-weakens-banking-crisis-weighs.md) | -10.6% | -5.7% |

## Sources

- profercy.com: https://www.profercy.com/insights/europe-nitrates-prices-decline-following-restarts-now-nearing-breakeven-levels

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.