Will falling oil prices put pressure on global urea prices?
Oil prices have been under sustained pressure since June last year. Brent Crude oil has now fallen below $50 per barrel with prices at levels last seen in 2009.
However, nitrogen markets have begun the year on a firm footing, as demonstrated by the graph on the right. In the US, prices for urea barges increased by 11% from mid-October 2014 to the first week of January.
Initially published through the Profercy Nitrogen Service, a brief assessment of the relationship between oil and urea prices is available. To receive the overview, as well as the latest edition of the Profercy Nitrogen Weekly report, please provide your details below.