Fertilizer Producers Sector Update - Raising target prices on higher forecast urea prices
  • 2021-12-15T00:00:00
  • Sector Reports

Urea prices in Q4 2021 have been significantly higher than expected. Global urea prices nearly doubled in October and November 2021 vs average prices in Q3 2021 to ~USD800-900/ton. We raise our average 2021F urea price forecasts for DPM and DCM by ~12% to ~USD440/ton.

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