What it is
The most widely used nitrogen fertiliser. It is made from ammonia, which is in turn made from natural gas, or from coal in China, so its cost follows the price of energy.
How it is usually quoted
US dollars per tonne.
This is the customary unit of the reference market. Other markets for the same commodity may use another unit or currency, and an exchange can change a contract’s terms: its own rulebook is the authority.
Where the reference contract trades
A physical market priced from published assessments at the main ports; cash-settled futures and swaps are listed on CME.
Named for orientation only. Naming an exchange or a market here does not mean that GIO4X gives access to it.
What commonly moves it
- The price of natural gas
- Planting seasons and the price of the crops it is used on
- Purchase tenders by India
- China’s restrictions on exports
These are the things people who follow this market usually watch. They explain how the market works; they do not say what the price will do next.
Where it comes from
China and India make the most. Russia, the Gulf states and Egypt are large exporters.
The order of producers changes from year to year, so no quantities or shares are given here.
At GIO4X
Urea is not offered as a GIO4X instrument. This page is general education about a market that exists elsewhere, and nothing on it means that GIO4X quotes, trades or gives access to it.
The commodities GIO4X does list are Brent crude, gold, natural gas, palladium, platinum, silver and WTI crude.
Words worth knowing
A reference page. Educational information, not investment advice or a recommendation to trade. It gives no price and no forecast.