Nitrogen Fertilizer Prices Under Downward Pressure in Q4

Urea prices are under pressure from ample supply, slow demand and wider bearish global macroeconomic conditions and this market scenario is likely to remain in place during the fourth quarter.

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Highlights:

  • The Brazilian market has been equally subdued in the past few months due to credit issues, a lack of demand and adequate local production
  • The global sulphuric acid market enters the fourth quarter (Q4) with an element of divergence between regions

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