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Nitrogen prices kept rising across markets, with urea producers largely sold out for the month ahead. Egyptian and Middle East urea rose sharply, and Brazilian urea climbed about $40/t to $390-395/t CFR.
Phosphate prices also edged higher, while potash was flat.
Strong Brazilian buying and a delayed Indian tender tighten near-term urea supply, pointing to higher nitrogen costs for feed producers and some pressure on phosphate-based inputs.
farmingportal.co.za22 de jul. de 2023Após 176 eventos altista de comércio passados, Ureia subiu em mediana +0,1% em 5 sessões (51% de alta; metade central de -1,3% a +2,4%), e +1,6% em 20.
Após 193 eventos altista de comércio passados, DAP subiu em mediana +0,4% em 5 sessões (54% de alta; metade central de -0,3% a +1,8%), e +1,9% em 20.
Ainda não há eventos comparáveis passados suficientes para uma leitura histórica.
Variações do benchmark de cada commodity desde o último fechamento antes do evento. As leituras históricas agregam eventos passados do mesmo tipo; descrevem o que aconteceu, não o que vai acontecer. Não é recomendação de investimento.
Producers largely sold out for the month ahead and Brazil CFR rose about $40/t, indicating tightening supply and a turn in the price trend.
Reports that the fertilizer downturn is over, with phosphates edging higher and nitrogen rallying, signal a sentiment and price turn that lifts DAP.
Urea producers were largely sold out for the month ahead and Brazil CFR rose about $40/t, which shows tightening supply and a turn in the market.
Reports that the downturn was over with producers sold out and Egypt, Middle East and Brazil prices rising set up the momentum and tight prompt supply.
It reports the fertilizer downturn ending, with phosphates edging higher alongside surging nitrogen, building momentum ahead of the move.
