
Global urea prices kept rising after India booked only 732,000 tonnes in its latest tender. Brazil returned to the market, and traders were rushing supply to India ahead of possible Chinese export controls.
European gas prices hit new highs, and European and US supply remained constrained.
Competition for limited urea supply between Western buyers, Brazil and India, plus possible Chinese export restrictions, keeps upward pressure on prices. Feed producers face higher nitrogen input costs for the coming crop cycle.
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.