Urea’s 28% decline isn’t a surprise
January 28, 2022 Leave a comment
The price of Urea fell 28% last night
4 months ago, I posted this about another parabolic price move…this time it was Urea.
More recently, this post correlated the shortage of AdBlue with rising Urea prices.
https://www.linkedin.com/posts/robzdravevski_adblue-diesel-activity-6879698001863032832-t86h
It’s not about whether you buy it or trade it; these type of posts are about when to stay away.
Once again, parabola’s mean revert and markets find a way to either add supply or temper demand, as prices dictate.
I’m expecting more mean reversion and a $380-$420 price into 2023.
January 28, 2022
by Rob Zdravevski
rob@karriasset.com.au
rob zdravevski's blog 