
Urea prices firmed after large sales by Egypt, and concern over cuts to European ammonium nitrate output from surging gas prices added to demand. UK farmers are switching from AN to urea because of the price gap per kg of nitrogen, with urea offered at £735-760/t for delivery October to January.
European gas costs are forcing ammonia and AN output lower, pushing buyers toward urea and supporting nitrogen prices into the fall application season. Feed buyers should expect firm input costs for grain and forage crops.
Setelah 92 peristiwa makro bullish sebelumnya, Urea bergerak median +0,0% selama 5 sesi (50% lebih tinggi; separuh tengah -2,0% sampai +3,6%), dan +4,8% 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.