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Urea prices in Indonesia rose while the international market weighed a possible Chinese urea export tax. Speculation about the tax has pushed Chinese July futures below their earlier highs.
India has launched a fresh urea tender for August shipment.
A Chinese export tax would cut a major source of global urea supply during India's peak buying months, which could lift prices. Traders are already moving product to bonded storage in anticipation.
profercy.comChris Yearsley18 Jun 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.
