Profercy’s Nitrogen Index utilizes key global nitrogen fertilizer prices to derive a value for nitrogen as a crop nutrient. The Index provides a useful and straightforward tool to gauge the overall health of the World market for nitrogen fertilizers.
For the latest detailed market analysis on global urea, ammonia, nitrates and ammonium sulphate, you can sign up for a no-obligation trial of the Profercy Nitrogen Service. To do so, please click here.
| Market Status: Firm | Week 7 – Urea remains firm with US Spring season approaching as India weighs return to the market
The extent of the price gains seen since the beginning of the year has fostered a degree of caution in some quarters of the market. Egyptian and Middle East spot values have gained by $60pt and $80pt, respectively. Yet, the global market dynamic for March is expected to be defined by both the USA and India. At the same time, supply issues rumble on in Iran, turnarounds are lined up in Nigeria and European feedstock values have stayed firm. For a detailed overview of the latest developments in global nitrogen markets, as well as the latest regional market analysis and price assessments, you can receive a free trial of the Profercy Nitrogen Service. |
The Index is updated each week. An overview of the methodology can be found here.