
The urea spot market is quiet as Chinese export volumes have not started moving, with CIQ certification expected to take up to seven working days or longer. On May 22 the European Parliament voted to impose tariffs on fertiliser imports from Russia and Belarus, which the Commission may suspend if EU prices surge.
Uncertainty over Chinese urea export timing and new EU tariffs on Russian and Belarusian product tightens near-term supply, supporting nitrogen prices that feed into grain production costs.
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.
A quiet spot market and imminent Chinese export volumes reduced buying urgency and pointed to easing supply tightness, pressuring prices.