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: FIRM||Week 33 – 17-18 August 2017: Arab Gulf granular urea prices advance over $10pt
The Nitrogen Index advanced 2.11 points this week to 103.64. The latest increase follows several spot sales of Middle East granular urea at improved levels well above $220pt fob. Higher international prices have attracted Chinese product back into the export market with at least four Chinese granular cargoes sold for export in the past week for end-August/September shipment.
The urea market was volatile in the US Gulf this week with terminal prices lagging Nola values. September barge values dropped to the low-$190ps ton fob Nola before staging a modest recovering to close to $200ps ton fob Nola.
The Index is now at its highest level since April this year and is currently 8.71 points above the mid-August 2016 level of 94.93.
For the latest detailed nitrogen market analysis and price assessments, please register here for the latest Profercy Nitrogen Weekly Report.