urea has dropped almost to the point from where the price lifted 3 years ago.
it may drop further 17 to 28 % .
the pressure for a short may have a fundamental basis that i am unaware of for this strategic commodity, but the companies like Shapdis & Khorasan are producing under their practical capacity, and are further struggling with the financial constraints imposed by the government default of their debts to the companies.
the conversion line 260 must drop below the price level the commodity starts to rise again.
it may drop further 17 to 28 % .
the pressure for a short may have a fundamental basis that i am unaware of for this strategic commodity, but the companies like Shapdis & Khorasan are producing under their practical capacity, and are further struggling with the financial constraints imposed by the government default of their debts to the companies.
the conversion line 260 must drop below the price level the commodity starts to rise again.