The US International Trade Commission (ITC) has today made a final negative determination in its investigation concerning UAN solutions from Russia and Trinidad and Tobago. Ultimately, the decision confirms that product from both major offshore suppliers will not be subject to anti-dumping or countervailing duties. The ITC and Department of Commerce (DOC) have been running…
The European gas situation has led to a flurry of pricing activity in the nitrates market, albeit against little concluded business. With nitrates the primary premium nitrogen product in Europe, producers are expected to do their utmost to keep production running at capacity even if output levels for other products including urea, UAN and ammonia…
North African granular fob values make triple-digit gains Firm gas prices a concern for European producers and importers Nigerian and US material booked for shipment to eastern Europe Urea values recovered in spectacular fashion this week with Egyptian fob values rallying more than $100pt in a matter of days. As demonstrated below, the move has…
After weeks of inactivity caused by lackluster demand and producers maintaining official offer levels close to $700pt fob, renewed interest has returned to the market with substantial volumes of granular and prilled urea trading over the last few days. Late last week, reports began to emerge that Egyptian producers had revised price ideas down to…
The Profercy World Nitrogen Index has descended again this week. With demand for all nitrogen products remaining lacklustre, values across the nitrogen-based complex have eroded further. In the urea market, buyers in almost all major buying regions remained absent from the market. With demand lacking for a number of weeks, producers have been left with…
The Mexican Secretariat of Economy formally announced this week that import tariffs on ammonium sulphate, regardless of origin, will be completely suspended for six months. This includes on amsul imports from China and the USA. Amsul from both major producers has effectively been blocked since 2015. The tariffs being suspended are $0.0759 per kg for…
The Profercy World Nitrogen Index (PWNI) has hit the lowest point seen so far this year, as values of nitrogen-based products eroded further this week. In the urea market, activity slowed down following the conclusion of India’s latest purchasing inquiry. With producers under no significant pressure to place cargoes, and buyers equally content, there was…
Ambitious plans for a $2 billion blue ammonia facility in Louisiana that will capture at least 90% of CO2 emissions are a key step towards the fertilizer giant’s goal of net-zero, Ashley Harris, Vice President of Environmental Performance and Innovation tells Profercy in an interview. From gleaming offices in the heart of the Canadian Prairies,…
The latest purchasing inquiry by India’s RCF reached a conclusion this week, with the state agency issuing LOIs for close to 1.65m. tonnes of urea for shipment by 5 July. Confirmations were submitted by participants in the tender on Monday, following counter offers being issued late last week at $716.50pt cfr west coast, and $721.30pt…
After an extended hiatus, Russian producers have re-entered the international ammonium nitrate markets. This has resulted in a major reduction in AN values on both a cfr and fob basis. The weakness in the global urea market has been the main determining factor for AN values over the last week as buyers declined to accept…