
Australian urea prices rose about $50/t over the previous fortnight, with the FOB Middle East value up from $350/t to $390/t since mid-February. Rabobank attributed the rise mainly to farmers shifting from just-in-time to just-in-case buying amid trade uncertainty, with a weaker Australian dollar and possible demand from India and the US as further factors.
Australian stocks from strong 2019 imports may still be unsold.
A shift to precautionary buying lifts near-term urea demand and prices, and a weaker Australian dollar raises the local cost of imports. Carry-over stocks in Australia could limit how far the rally runs.
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.
Belum cukup peristiwa historis yang sebanding untuk analisis historis.
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.