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ICRA says that falling regasified LNG prices, expected to moderate toward $8.5 to 9 per mmBtu by January 2019, will improve margins and reduce working capital needs for Indian urea producers. Natural gas makes up about 70% of urea production costs, and the decline follows a peak of $11.5 in November 2018.
Cheaper gas lowers urea production costs, which can ease nitrogen prices over time and tighten the cost link to feed grains, while the energy price decline also reflects softer global gas demand.
在过去 59 次看跌的宏观事件之后,天然气 在 5 个交易日内中位数变动 +1.3%(58% 上涨;中间一半区间为 -5.0% 至 +5.2%),20 个交易日内为 -2.0%。
在过去 10 次中性的宏观事件之后,尿素 在 5 个交易日内中位数变动 -0.3%(40% 上涨;中间一半区间为 -0.7% 至 +2.5%),20 个交易日内为 -3.9%。
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。