The article below provides a brief analysis of activity in nitrogen markets this week, drawing on Profercy’s World Nitrogen Index. For more information on global fertilizer markets, including specific market prices and analysis, please contact us to request a a free trial of our Nitrogen market reports. Highlights US prompt prices remain firm, supporting netbacks…
Urea prices fluctuate in narrow ranges; Black Sea prilled urea eases while US supports Middle East granular urea netbacks Unexpected constraints to urea supply continue to support current urea price levels India announces next urea purchasing tender – China seeks improved prices following previous sales in the high $240s to low $250 pt fob China…
High US Gulf urea prices support higher netbacks for Egyptian product Chinese granular urea cargo expected for Europe – first ever major cargo due in Q3 Ammonia and ammonium nitrate prices supported by continued supply cutbacks Profercy’s World Nitrogen Index gained one point this week on the back of stable prilled urea prices in the…
Index up 1.82 on modest gains for urea, UAN, AN and ammonium sulphate Brief market run up supported a 5.38 increase in the PWNI in June India purchases 300,000t of urea, further tenders expected shortly The PWNI reflects the flatness in the market, with firm prices in some markets offset by weaker prices elsewhere. The…
PWNI up 3.77 points on last week Middle East producers see prices gain for July Chinese granular firm; prills to feature heavily in major Indian purchasing tender next week FSU AN prices up on Brazilian demand Granular urea prices firm The past week has been beneficial for urea producers globally. Prices have remained firm. Granular…
Profercy’s Nitrogen Index has remained over 153 for the past three weeks, contrasting the first four weeks of May which saw a 17 point drop. The earlier fall was motivated primarily by depreciating urea prices, particularly those in the Middle East. A more optimistic mood was evident at the end of last week’s IFA Conference…
Ahead of this year’s annual International Fertilizer Association conference in Sydney, the urea market remains bearish. With the Chinese low export tax window fast approaching, forward sales by traders have been concluded at ever lower numbers for July. A large volume of granular product has been sold into Turkey, while smaller volumes have been done…
Profercy’s Nitrogen Index fell over 6 points this week – the greatest fall since August last year. The temporary stability in urea markets seen in April is now a distant memory. Indeed, Middle East granular urea prices fell by a range average of $25pt this week. Egyptian prices have come under similar pressure with European…
Lower urea prices have been evident over the last week, forcing Profercy’s Nitrogen Index down 5 points – the largest single drop this year. The fall has been driven by easing urea prices in the Middle East, where netbacks for US cargoes have fallen further, and by the notable drop in Egyptian prices. Indeed, our…
In line with expectations, Profercy’s Nitrogen Index fell back over two points to 168 this week. The decrease was primarily a consequence of our quoted price range for Egyptian granular urea falling by $15pt fob. In addition, the low end of Profercy’s price quote for Middle East granular urea fell by the same amount. Despite prices…