
Urea supply remains disrupted after the Middle East conflict began on 13 June, with Egyptian plants running at 50-60% capacity and Iranian production halted. Oman's SIUCI sold August cargoes at USD495-525/tonne FOB, and Southeast Asian tenders cleared around USD452-470/tonne FOB.
US Gulf prices fell in the off-season, while Brazil's buying season approaches.
Reduced output from Egypt and Iran, together with approaching Brazilian demand, is likely to firm urea prices and raise nitrogen input costs for grain and feed producers.
Setelah 205 peristiwa geopolitik bullish sebelumnya, Urea bergerak median +0,4% selama 5 sesi (53% lebih tinggi; separuh tengah -2,1% sampai +3,0%), dan -0,4% 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.