
Urea fell to $386/t on August 11, down 3.5% in one session and more than 7% over the month, according to TradingEconomics data. China reopened urea export quotas for June through August, adding tonnage to global markets.
Progress in Iran-Oman talks on a Hormuz transit lane also eased the geopolitical risk premium.
Returning Chinese export volumes and reduced risk premia add supply into a seasonally weak Northern Hemisphere market, pushing nitrogen prices lower for feed and grain buyers.
Setelah 81 peristiwa perdagangan bearish sebelumnya, Urea bergerak median -1,0% selama 5 sesi (28% lebih tinggi; separuh tengah -7,2% sampai +0,4%), dan -5,5% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.