Urea’s 28% decline isn’t a surprise

The price of Urea fell 28% last night

4 months ago, I posted this about another parabolic price move…this time it was Urea.

https://www.linkedin.com/posts/robzdravevski_another-observation-of-perverse-price-action-activity-6851803815264579584-5in7

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

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