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The Profercy World Nitrogen Index recorded its largest weekly gain on record, reaching 253.04, a level last seen in May 2012. Southeast Asian urea sold near $530/t fob, and India issued a purchase tender while Chinese export offers were withdrawn under new inspection rules.
Chinese export curbs and a large Indian tender point to sustained import demand for urea, supporting global nitrogen prices and raising costs for fertilizer-dependent grain production.
profercy.comChris Yearsley24 Sep 2021Setelah 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.
Record weekly gain in the nitrogen index, withdrawn Chinese export offers and an Indian tender show tight global urea trade flows.
Record weekly gain in the nitrogen index, withdrawn Chinese urea export offers under new inspection rules and an Indian tender tightened global urea availability and supported price momentum.
