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StoneX reports that global urea prices have declined faster and earlier than expected, and the market has not yet entered its usual summer lull in demand. The analyst expects continued pressure from production, the return of Chinese exports and weak demand.
Manufacturers may cut output for repairs, which could set a short-term floor.
Returning Chinese export supply and weak demand are pushing urea lower, but possible production cuts could limit the decline. Buyers should expect volatility around any supply disruptions.
stonex.comJosh Linville1 mai 2024stonex.comJosh Linville29 avr. 2024Après 81 événements commerce baissier passés, Urée a varié en médiane de -1,0 % sur 5 séances (28 % de hausses ; moitié centrale de -7,2 % à +0,4 %), et de -5,5 % 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.
Dated on the move date, it reports prices falling faster than expected, with the return of Chinese exports and weak demand adding pressure, which is consistent with continued selling.
StoneX expects continued downward pressure from production, returning Chinese exports and weak demand, reinforcing bearish sentiment around the date of the drop.
