
Global nitrogen fertilizer values fell sharply in late August 2021, with urea offers in the Arab Gulf and China dropping about $20-25/t week on week. The decline was driven by a delayed Indian urea tender, which left producers cutting prices to place product in markets such as Brazil.
Traders were also taking short positions.
With India's tender postponed, urea supply is pressing into the September shipping window and pushing prices lower. Feed buyers should expect softer nitrogen costs in the near term unless the Indian tender returns quickly.
Setelah 81 peristiwa perdagangan bearish sebelumnya, Urea bergerak median -1,0% selama 5 sesi (28% lebih tinggi; separuh tengah -7,2% sampai +0,4%), dan -5,5% 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.