After weeks of consistent increases, the Profercy World Nitrogen Index has dropped 3.06 points to 181.47 this week, the first decline seen this year owing to softening urea values, particularly in the east. Activity in the global urea market has been muted for the most part, with participants awaiting the outcome of India’s urea purchasing…
Acron increased output of key products by 7% year on year in 2020 to 7.98m. tonnes. Total sales were also up, 3% year on year to 7.81m. tonnes, with the remainder captive product. This allowed for total revenue to increase 4% year on year in local currency to $1.66bn equivalent. Of note, currency fluctuations meant…
After more than three months since India’s last urea purchasing inquiry, the world’s largest urea importer announced a fresh tender late last week. The country’s state purchasing agency RCF is set to close the tender on 22 March for shipments to 28 April. For the most part, activity in the urea market was muted this…
Amsul markets have eased for the first time since October. Throughout that time, capro amsul prices have been on an uninterrupted price run, increasing from under $110pt fob China to the low/mid-$150s pt fob. The decline comes as Chinese compactors face significant price pressure. Producers sold compacted amsul forward late last year basis standard capro…
$500pt ammonia is now a reality, from the USA to China. This week already high Asian prices for ammonia hit $500pt cfr, just one week after $520pt cfr was paid in the USA. There is no sign of the market easing in April as Global demand is running at a strong pace with buyers unable…
The Profercy World Nitrogen Index has climbed further and continued in the same manner seen since the beginning of 2021, with urea values making gains across several regions this week. The one exception was China, where export values for both prilled and granular urea came under pressure earlier this week. With domestic demand remaining slow…
Values for most products across the nitrogen complex have ramped up further this week resulting in the Profercy World Nitrogen Index hitting highs that were last seen 7 years ago. In the ammonia market, prices continue to race ahead with the latest sale in Yuzhnyy $30-40pt up on last week, while the March Tampa contract…
With prices for most nitrogen-based products remaining firm this week, the upwards momentum continues to be seen on the Profercy World Nitrogen Index with values reaching close to 175 points, levels last seen over six years ago. In the urea market, following two weeks of illiquidity in Egypt, sales took place at higher levels by…
While activity across the global urea market was muted for the most part this week, the US has been the exception. With freezing temperatures currently being experienced in the country’s Midwest and gas prices sky-rocketing, nitrogen producers have scaled back production. Producers have been able to sell gas back into the market at a notable…
The impact of extreme cold weather in the USA and heavy ice in the Baltic has contributed to the hottest market for ammonia since mid-2018. Severe outages in the USA this week caused by forced or opportunistic diversion of gas to residential use and affecting as much as 7m. tonnes/year of capacity, has added fuel…