
Urea barge prices in New Orleans fell to $350 per ton on June 22, less than half the wartime peak of $782. The drop followed the reopening of the Strait of Hormuz and China's return to the export market, with about 200,000 tonnes moving through the strait since the ceasefire.
Reopened Hormuz flows and Chinese exports add supply to a market where the Middle East supplies about a third of global urea trade, pushing prices lower during the Northern Hemisphere off-season.
Setelah 17 peristiwa geopolitik bearish sebelumnya, Urea bergerak median -1,9% selama 5 sesi (41% lebih tinggi; separuh tengah -3,1% sampai +2,8%), dan +0,2% 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.