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Constantly Fluctuating raw material prices, the Urea Price in the North American region first surged and then declined in the second quarter of 2022. Initially, Farmers in North America have delayed purchases due to the worldwide nitrogen fertilizer scarcity and new high pricing. US urea prices for June hit USD 646 per tonne FOB Corn Belt. In April, local industries and downstream consumers were put under strain by higher feedstock Ammonia prices because of rising natural gas prices. Due to decreased demand near the end of the quarter, prices have also decreased in the domestic market. <br><br>
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Urea Price Trend and Forecast Urea price have seen a dramatic decrease in price during Q2 2022 in the APAC region. The Advance order prices fell by roughly 30% in June compared to May, but the mid-quarter price of Urea market price is still about 87% higher than last year's. In terms of supply, Urea's daily output remained high, and supply was adequate. The price of Urea has been supported by growing coal costs in China, as coal is the primary feedstock enterprises' operating rate declined by 3.94%. This month, the Urea industry's average operating rate fell by 1.15% to 73.81%. During June. https://www.chemanalyst.com/Pricing-data/urea-1190
Urea prices in Europe considerably declined in the second quarter of 2022
Constantly Fluctuating raw material prices, the price of Urea in the North American Constantly Fluctuating raw material prices, the price of Urea in the North American region first surged and then declined in the second quarter of 2022. Initially, Farmers in North America have delayed purchases due to the worldwide nitrogen fertilizer scarcity and new high pricing. US urea prices for June hit USD 646 per tonne FOB Corn Belt. In April, local industries and downstream consumers were put under strain by higher feedstock Ammonia prices because of rising natural gas prices. Due to decreased demand near the end of the quarter, prices have also decreased in the domestic market. https://www.chemanalyst.com/Pricing-data/urea-1190
The prices of Urea in the North American region first surged and then declined in the second quarter of 2022 Constantly Fluctuating raw material prices, the price of Urea in the North American region first surged and then declined in the second quarter of 2022. Initially, Farmers in North America have delayed purchases due to the worldwide nitrogen fertilizer scarcity and new high pricing. Urea prices have seen a dramatic decrease in price during Q2 2022 in the APAC region. The Advance order prices fell by roughly 30% in June compared to May, but the mid-quarter price of Urea market price is still about 87% higher than last year's.
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