
SABIC Agri-Nutrients said that third-quarter urea supply will stay limited even with ongoing Chinese exports. It expects prices to keep firming on seasonal demand from India, Oceania, Brazil and Europe.
The company also sold several spot cargoes after Israel-Iran conflict caused regional production outages.
Limited Q3 supply and seasonal import demand point to continued upward pressure on urea prices, which raises nitrogen costs for corn and other feed grain producers.
Setelah 176 peristiwa perdagangan bullish sebelumnya, Urea bergerak median +0,1% selama 5 sesi (51% lebih tinggi; separuh tengah -1,3% sampai +2,4%), dan +1,6% 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.