Urea Price Analysis

date: 6 January 2021

Urea price has an increasing trend in 2021 by 4 USD/MT growth, it reaches to 272 USD/MT. Technically its price can reach 290USD/MT.Economically, because of decreasing demand in the Middle East and Europe, no increase is expected this week. However, noting the last Opec meeting and increasing crude oil production, positive change is expected.