Urea Price Spike
As evidenced in a number of published US Gulf Urea price indices, the price of Urea has increased by nearly 40% over the past 6 months. In January alone, Urea pricing moved from an average of $246-$268 to $315-$327 a ton with month end numbers continuing to creep up. Although not a direct correlation, when the price of urea increases so goes the price of diesel exhaust fluid (DEF). Other factors, such as increasing freight and packaging costs could also impact DEF pricing.