
UK ammonium nitrate producers returned to the market after withdrawing terms on 14 August, posting increases of £8/t over previous August, September and October prices. The September price has reached £225/t, and October is above it.
Indian urea demand, estimated at 1M tonnes per month through end-2020, is keeping global nitrogen prices firm, and Chinese supply in the latest tender rose.
Firm urea demand from India and higher UK ammonium nitrate prices raise fertilizer costs for grain and oilseed producers. Rising Chinese urea supply is a possible offsetting factor that could ease prices later.
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.