From US$400 up to US$500. China withdrew from a 450,000t urea contract last week throwing the nitrogen market into turmoil. Now someone is majorly short and there is doubts this unmet demand can be ... well met.
IPL has made a masterstroke in launching this takeover for DXL. They know the global market for nitrogen is going to shine in the future. Nitrogen is all about cheap gas and large quantities of it.
Anyone calling exhaustion on IPL ought to take a look at all its North American peers which continue to make new highs on a daily basis. LOL
nitrogen prices up 25pc in a week
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Last
$2.90 |
Change
0.000(0.00%) |
Mkt cap ! $5.632B | |||
| Open | High | Low | Value | Volume |
| $2.90 | $2.92 | $2.88 | $9.365M | 3.228M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8848 | $2.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.90 | 220350 | 11 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| IPL (ASX) Chart |