Input trade report: Europe cuts urea production, price soars again
Technical report
30/09/2022
Description
Europe cuts urea production, which requires gas for manufacturing, and this caused prices to rise in September. The market shows increases again in September, the FOB Middle East urea quotation reached US$ 686 per ton, reflecting an increase of US$ 54 per ton, compared to August. Potentially, China is the source from which the market could be supplied, but it has restricted exports in recent months in order to protect the domestic market from price increases.