
Urea prices stabilised after India's IPL announced a 1.5-million-tonne tender closing April 8, lifting Middle East paper futures by USD 9-13/tonne. Ammonia output in Europe is being curtailed by another producer amid high gas prices, and China's export resumption is a key uncertainty.
A large Indian tender and European ammonia curtailments support nitrogen prices, while possible Chinese exports could reverse the rally, adding cost uncertainty for feed producers.
Setelah 59 peristiwa perdagangan bullish sebelumnya, Gas Alam bergerak median +1,3% selama 5 sesi (61% lebih tinggi; separuh tengah -2,7% sampai +10,6%), dan +8,0% selama 20 sesi.
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.
India's IPL announced a 1.5 Mt urea tender closing April 8, which lifted Middle East paper futures by USD 9-13/t and steadied prices, while European ammonia curtailments and uncertainty over China's exports add supply-side support, consistent with a sharp one-day rise.
India's IPL 1.5-million-tonne urea tender closing April 8 lifted Middle East futures by USD 9-13/tonne, while European ammonia curtailments from high gas prices tightened supply, both plausibly feeding a sharp urea price jump a few days later, though the event predates the move by three days and China's export uncertainty adds ambiguity.