2015 has begun as 2014 ended with global urea markets supported by a further run up in US granular urea prices. US Gulf prices have gained by 11% since mid-October. While barge levels eased back slightly later this week, the current strength in the US has provided support for granular urea producers in the Middle…
China’s long awaited export tax policy for 2015 has been announced today, confirming the move away from the use of high and low tax periods for urea and phosphates. The introduction of a flat rate tax will have a major influence on global supply and price volatility in 2015. For more information on the impact…
It has been a positive week for nitrogen prices with 6 of the 7 price ranges informing Profercy’s Nitrogen Index registering increases. This supported a 3.29 point gain for the Index, reflecting the bullish mood that is underpinning markets for major nitrogen products, such as urea, in the West. At 168.28, the Index has regained…
As the year draws to a close, we look back on two of the factors that shaped global urea markets in 2014. While this post does not cover the prospects for 2015, it is worth noting that Profercy still considers it possible that Q1 2015 will provide some price uplift for global urea suppliers. Our…
Mixed fortunes for nitrogen markets It has been another lacklustre week for global urea and ammonia markets. A number of our price quotes for global prilled and granular urea markets have either shifted sideways or eased. With ammonia markets also suffering from increasing supply levels, Profercy’s Nitrogen Index fell a modest 1.24 points this week,…
Market expects up to 1m. tonnes to be booked for shipment into January Indian April-October imports significantly down on same period last year Latest tender is the last chance for Chinese producers to commit large volumes for some time IPL will tomorrow hold a major purchasing tender to secure more urea fertilizer for India’s rabi…
Prilled urea prices in the West succumb to pressure this week Urea markets elsewhere continue to see prices moving in narrow range Nitrogen Index falls three points in two weeks Market activity has been slow. While Egyptian granular urea prices have come under pressure since late last week, downward pressure has now spread to prilled…
The Nitrogen Index and the analysis below draws on the prices and insight provided in the Weekly Profercy Nitrogen Report, published through the Profercy Nitrogen Service. For more information and a free trial, please click here and provide your details. The Service includes, daily news and updates, comprehensive weekly analysis and prices, as well as monthly…
The Nitrogen Index and the analysis below draws on the prices and insight provided in the Weekly Profercy Nitrogen Report, published through the Profercy Nitrogen Service. For more information and a free trial, please click here and provide your details. The Service includes, daily news and updates, comprehensive weekly analysis and prices, as well as…
Urea prices bottoming out Large volumes booked in Egypt and Middle East, with Europe attracting further tonnage India announces urea purchasing tender It has been a pivotal week for urea, with only one of the three benchmarks utilised by the Nitrogen Index registering a lower price average. Quoted prices for Yuzhnyy prilled urea and Egyptian…