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 FIRM Week 51 – 21-22 December 2017: Urea prices advance in anticipation of Indian purchase

For urea, the dominant nitrogen product, 2017 has been a year of trade transition and, related to this, huge price volatility. With regard to trade, as expected the US has reduced imports and become a significant exporter of urea during the domestic off-season (May-July). China, once the world’s largest exporter, has virtually disappeared from the market as cost and environmental legislation pressure has mounted.

2018 will see a continuation of these trade trends and, no doubt, another year of price volatility. This year prices have moved by $100 plus in most areas (40% swings). While this has been unsettling for producers, a positive for the industry is that prices have gained over 10% on 2016 in most areas outside the USA.

In the final week of the year, granular urea suppliers raised price ideas in advance of a major Indian inquiry on 22 December. Arab Gulf producers achieved much higher levels for spot shipments into January while North African producers claimed higher levels for early February shipments. In the US Gulf barge prices briefly reached the high-$250s ps ton fob Nola.

The Nitrogen Index concludes the year at 124.13 points, 3.84 points up on last week.

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 by clicking here.

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.