Laden…
US urea prices held firm on barges as traders rushed cargoes to New Orleans before the Mississippi river closure. Indian authorities said the next urea tender is at least a month away, while Eastern urea prices fell on increased Chinese exports.
Mixed regional movements leave urea prices flat overall, but the delayed Indian tender and rising Chinese supply weigh on the outlook. The river closure is a logistics factor that could support US prices briefly.
farmingportal.co.zaFarming Portal28 apr 2023Na 23 eerdere neutraal handel-gebeurtenissen bewoog Ureum zich mediaan 0,0% over 5 sessies (48% hoger; middelste helft -1,1% tot +1,0%), en +2,8% 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.
Reports of rising Chinese urea exports, a delayed Indian tender (at least a month away) and the end of the US pre-closure buying rush point to weaker demand and more supply, which supports a sharp price drop.
