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Urea futures on the Zhengzhou exchange climbed above $450 per tonne in September, the highest since January 2023. The rally follows China's instruction to some producers to suspend exports, along with strong Middle East buying ahead of winter.
Firmer energy costs and export curbs together raise input costs, though high Brazilian stockpiles limit demand and could cap further gains.
tradingview.comSep 7, 2023Not 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.
