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Trade sources in India say China's order to suspend some urea exports will have limited direct impact on India's supply, since its China imports are already small and falling. However, the decision could lift global urea prices, which had already risen about 30% in India between July and August.
Even with limited direct impact on India, the loss of Chinese tonnage and firm Brazilian and Argentine demand point to higher global urea prices and costlier import purchases.
business-standard.comSanjeeb Mukherjee7 Sep 2023Setelah 129 peristiwa kebijakan bullish sebelumnya, Urea bergerak median -0,1% selama 5 sesi (47% lebih tinggi; separuh tengah -1,3% sampai +2,3%), dan +1,4% 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.
