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…
CF Industries this week announced net earnings of $87m during Q4 2020, up from $55m in Q4 2019, while it’s EBITDA was at $334m, an increase from $306m. The firm’s full year 2020 earnings declined to $317m, while EBITDA also fell to $1,316m, compared to 2019 net earnings of $493m and EBITDA of $1,620m. Net sales…
After a rampant start to the year, activity in the global urea market has been significantly slower this week. In the West, values in the US Gulf barge market fell further with a handful of sellers entering the market again and lowering offers to place February and March barges. This resulted in values declining by…
Acron’s net 2020 commercial AN and urea availability jumps following UAN cutbacks In 2020, overall ammonium nitrate production increased while urea and UAN output declined. As expected, UAN production fell sharply as the producer faced very poor returns from the USA for much of the year and was effectively blocked out of the European markets…
Amsul prices have been gaining for several months in China, primarily for standard caprolactam grade amsul. More recently, sharp increases were noted in other regions. Though the general strength of the nitrogen complex has been a significant factor, it has not been the primary driver in the amsul market. Over the last 2-3 weeks, Brazilian…
January 2021 has been a record breaking month for urea values. Bolstered by high grain prices, strong demand has been evident in the West, in particular the US, Europe and Turkey. With inventories low and purchasing behind in many markets, producers have been able to take advantage by sustaining consistent price increases with each sale.…