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US Gulf urea barge values hit a nine-year high as buyers competed for nearby barges after Hurricane Ida. CF Industries' Donaldsonville plant shut down with restart delayed by power outages.
The US became the premium western market, and North African cargoes were being considered for diversion to the Gulf.
Hurricane-driven plant outages and limited barge supply lift US nitrogen prices and pull export cargoes away from other destinations, raising input costs for US feed producers.
profercy.comChris Yearsley3 sept. 2021Après 30 événements météo haussier passés, Urée a varié en médiane de +1,4 % sur 5 séances (67 % de hausses ; moitié centrale de -0,3 % à +1,6 %), et de +9,1 % sur 20.
Variations du benchmark de chaque matière depuis la dernière clôture avant l'événement. Les lectures historiques regroupent les événements passés de même nature ; elles décrivent ce qui s'est passé, pas ce qui arrivera. Ceci n'est pas un conseil en investissement.
US Gulf (Nola) urea barges hit a nine-year high on 2021-09-03 as Hurricane Ida shut CF's Donaldsonville plant, tightening nearby supply and directly driving the one-day jump.
Hurricane Ida shut CF's Donaldsonville plant and tightened US Gulf supply, pushing Nola urea barges to a nine-year high within the move window.
The CF Donaldsonville shutdown after Ida tightened US Gulf urea supply and lifted barges to a nine-year high, though the report is dated a day after the move.
Nola barges hit a nine-year high on tighter supply after Ida and the CF Donaldsonville outage, but the 2021-09-03 date falls just after the window, so it is partly confirmatory.
