Profercy World Nitrogen Index
Profercy’s Nitrogen Index utilizes key global nitrogen fertilizer prices to derive a value for nitrogen as a crop nutrient. The Index provides a useful and straightforward tool to gauge the overall health of the World market for nitrogen fertilizers.
For the latest detailed market analysis on global urea, ammonia, nitrates and ammonium sulphate, you can sign up for a no-obligation trial of the Profercy Nitrogen Service. To do so, please click here.
Market Status: Stable to soft |
Week 43 – Nitrogen Index loses ground as urea market takes a breather
After a lively few weeks, the urea market has taken a breather with fob and cfr values easing in key regions. Several suppliers have conceded that earlier price targets have been met with little interest and many have since indicated lower. Lower spot values have been realised in North Africa, with quotes ex-Egypt down almost $10pt week-on-week, while recent sales tenders in Nigeria have not led to business.
In Brazil, both granular urea and amsul values have lost ground with business concluded for the later in the low-$180s pt cfr this week.
The urea market in the east has fared better with both pending and earlier Indian demand keeping suppliers content for the time being.
Having advanced for six straight weeks, the Index has now lost 2.84 points and stands at 170.66.
For a detailed overview of the latest developments in global nitrogen markets, as well as the latest regional market analysis and price assessments, you can receive a free trial of the Profercy Nitrogen Service. |
The Index is updated each week. An overview of the methodology can be found here.