Carbamide prices may go up

Acron Group predicts the increase in the world consumption of carbamide by the end of this year.

“Further purchases by India, strong demand in Brazil and a recovery in world gas prices will support carbamide prices in the coming months. The beginning of the season of high demand in the Northern Hemisphere countries will support the market in the 4th quarter as well,” says Acron Group’s press-release related the financial results for the 2nd quarter of 2020.

In April-June, carbamide world prices came down due to a seasonal decrease in consumption. However, already in June they began to grow due to strong demand from India and reached $250 in August.