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CF Industries' Bert Frost outlines six factors for the global nitrogen market in 2019, noting that prices rose in the second half of 2018 after urea hit multi-decade lows. Key drivers include European and Asian energy costs, capacity additions, and demand growth in South America and Asia.
Energy costs are the largest input for nitrogen production, so rising gas or coal prices in Europe and Asia would push urea and ammonia prices higher, raising feed-grain input costs.
在过去 92 次看涨的宏观事件之后,尿素 在 5 个交易日内中位数变动 +0.0%(50% 上涨;中间一半区间为 -2.0% 至 +3.6%),20 个交易日内为 +4.8%。
在过去 37 次中性的宏观事件之后,天然气 在 5 个交易日内中位数变动 -0.1%(49% 上涨;中间一半区间为 -4.2% 至 +12.9%),20 个交易日内为 -1.1%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件;仅描述已发生的情况,不代表未来走势。不构成投资建议。