Memuat…
Urea prices in South Africa eased in the week to 24 October, with granular urea down 0.2% week on week. Market sentiment turned negative after the Indian urea tender was delayed until at least the first week of November because of the Diwali holiday.
Analysts note that Indian demand remains and the tender should still go ahead.
A delayed Indian tender removes near-term demand and has reversed recent urea gains, so prices may stay soft until the tender is issued and awarded.
farmingportal.co.zaFarming Portal25 Okt 2024Setelah 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.
The Indian tender delay until at least early November turned market sentiment negative and softened urea prices, consistent with continued downward pressure into end-October.
