Nutrien’s sales volumes in the first nine months of 2021 decreased compared to the same period in 2020, due to more planned turnaround activity, temporary production outages, and lower inventory volumes at the beginning of 2021 compared to the same period in 2020. Meanwhile, the cost of goods sold per tonne increased during the third…
With global urea values continuing to race ahead and showing no signs of letting up, the Profercy World Nitrogen Index has this week climbed by over 10 points to hit a fresh all-time high. India returned to the urea market with a new purchasing inquiry for shipments to 10 December. However, in a move that…
The Profercy World Nitrogen Index continues to reach new highs, this week climbing by 11.50 points to its highest ever level since inception of 379.49. The gains made this week have not been as sharp as those seen in recent weeks. Market activity has slowed down in a number of regions following a month of…
Global urea values have continued to race ahead and are yet to show signs of letting up. As the below table demonstrates, urea have significantly advanced since late August. With fundamentals in the nitrogen markets remaining strong, it appears there is no end to the increases for now. In the urea market, following its latest…
With values of urea and other nitrogen-based products once again making sharp increases, the Profercy World Nitrogen Index has made its largest ever weekly increase and hit an all-time high this week of 287.54, up 34.50 from last week. In the urea market, the price rally that begun in the west in early September has…
With the surge in global urea values showing no sign of letting up, the Profercy World Nitrogen Index has made its biggest weekly increase on record, climbing by 23.39 points and hitting a new high of 253.04, levels that were last seen in May 2012. After remaining relatively stable during the past couple of weeks,…
With urea values already firm in the west, the situation has escalated further this week owing to the rapid ascent in spot gas prices in Europe. Ukrainian producers are now being forced to consider cutting back, or shut down operations altogether. Nitrogen production in other European locations is also considered under threat. CF Industries in…
CF Industries announced late last week that it has begun restarting its ammonia plants at the Donaldsonville Complex in Louisiana. Start-up of other units including urea and UAN were to follow. In a company statement, the producer noted it will communicate directly with customers regarding impacts caused by Hurricane Ida, with shipping proceeding on an…
The Profercy World Nitrogen Index (PWNI) gained 7.90 points this week to 221.88 as urea values surged in the US Gulf following the September supply crunch. The PWNI is now at the highest point seen so far this year and at levels last reached in January 2013. In the US Gulf, with production outages and…
Nola urea barge values have rallied this week and hit a 9 year high, with buyers scrambling for nearby barges in the aftermath of Hurricane Ida. With some producers scheduling maintenance turnarounds in May, and cutbacks seen to domestic production earlier in the year, supply of nearby barges was already considered limited in the region.…