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.
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| Market Status: Firm | 30 October – Pre-CBAM European purchasing lifts nitrogen values
The Nitrogen Index has registered a five point increase, bolstered by advancing granular urea values, primarily in North Africa. A round of short covering and purchasing for Europe has seen Egyptian granular urea trade up to $465pt fob with Algerian product secured as high as $480pt fob for November. Notable demand emerged last week for European arrivals prior to the commencement of the Carbon Border Adjustment Mechanism’s definitive phase on 1 January 2026. The new measure will add an emissions levy on all imported nitrogen products. Landed values in parts of western Europe have now hit $500pt cfr, some $70-80pt above those in Brazil. The bullish tone has been underpinned by China’s absence from the international market. Further, the most recent Indian purchasing tender saw just 430,000t booked against a target of 2m. tonnes, suggesting a further inquiry will emerge soon. Ammonia values remain firm in the West, driven by persistent supply issues, including the recent curtailment of capacity in Trinidad. Reversing several weeks of declines, the Nitrogen Index has moved up to 193.07. |
The Index is updated each week. An overview of the methodology can be found here.