US Gulf urea prices up $20-30ps ton – a seasonal run-up in a bear market?
After a difficult January for nitrogen producers, global urea markets are currently on a firmer footing. Significantly, urea values in the US Gulf ran-up quickly in the last 10 days, moving up $20-30ps ton to over $245ps ton for March barges. A number of factors have supported the run-up, including the fact that the US…