Fertiglobe says the urea market is tight because China's first-half urea exports fell 87% year on year and are expected to stay below 2 million mt in 2024 versus 4.3 million mt in 2023. Egypt has halted LNG exports during summer and turned to imports, curtailing gas feedstock for urea production.
Reduced Chinese exports and Egyptian gas-related output cuts shrink global nitrogen supply, supporting urea and ammonia prices, which raises fertilizer costs for feed grain growers.
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.