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 Week 28 – 13 July 2018 – Nitrogen Index eases after seven weeks of gains

After seven weeks of uninterrupted gains, the Profercy World Nitrogen Index soften as several key pricing regions fell even as the majority of urea price quotes remained stable.

The Index fell 0.72 points to 127.72 points. The Index had gained by 21.50 points in the previous seven weeks of gains.

The weakness was largely led by Brazil where buyers stepped back from spot markets after accepting the higher prices and securing volumes. In tandem, traders with long positions started accepting the lower bids from buyers and locked in profits. Brazilian prices dropped by as much as $15pt.

Despite buying ideas slipping in Brazil, most regions remained stable with producers under very little pressure to sell.

US Nola prices also fell, down $6pt, as market activity continued to be very thin and deals far and few between. However, in terms of supply, very limited offshore volumes are due in July and in addition to recent exports by US producers, overall supply should be balanced.

Despite urea’s declines, other products proved more versatile.

The biggest price increase this week was the Yuzhnyy ammonia fob quote which gained by $20-22pt and supported price increases in other ammonia regions. A shortfall in supply due to a decline in production primarily in Europe amid high feedstock prices has been the main market driver.

Ammonium nitrate prices also continued to move higher, up $2-3pt in the Baltic and Black Sea while amsul prices remained stable following last week’s gains.

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.

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Urea: A brief price history since 1970

To coincide with the publication of Profercy’s latest long term report, an article outlining urea price developments since the 1970s and the factors causing the decline in urea prices since 2011 can be found here.