Laden…
China's CAMPA and NDRC agreed with 15 trading companies on an export quota of close to 1 million tonnes through early 2025 for product already in port. A separate producer quota of 3-4 million tonnes is expected.
Urea prices fell across the board that week, with Arab Gulf values down nearly $50/t.
Expected Chinese export volumes near historical levels add significant urea and phosphate supply, reinforcing bearish price pressure on fertilizers.
czapp.comStein Chingen Haugan27 nov 2023Na 34 eerdere neerwaarts beleid-gebeurtenissen bewoog Ureum zich mediaan -0,8% over 5 sessies (38% hoger; middelste helft -3,3% tot +1,8%), en -4,5% over 20.
Na 50 eerdere neerwaarts beleid-gebeurtenissen bewoog DAP zich mediaan +0,9% over 5 sessies (62% hoger; middelste helft -0,1% tot +1,6%), en +0,9% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
China's export quota deal (about 1 Mt of product in port, with more producer quota expected) raised the prospect of more Chinese urea reaching global markets, and Arab Gulf prices fell nearly $50/t that week, which fits the sharp one-day drop.
