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Daily Archives: March 18, 2022

Ammonia prices maintain strong upward momentum as supply squeeze tightens west of Suez

Bullish sentiment persists in the global ammonia market as illustrated by a burst of spot sales at a premium to last business, with prices surging up to $400pt in some regions as buyers scramble for scarce surplus volume. The main driver is the loss of 300,000t per month of Russian material, with regular recipients of…

March 18, 2022Leave a commentGeneral, NitrogenBy Neha Popat

PWNI hits new all-time high as market continues to react to lack of Russian urea

The Profercy World Nitrogen Index (PWNI) has hit a fresh all time high this week, climbing above 455 points as the lack of Russian supply continues to be felt across the global urea market. The impact of self-sanctioning by many traders and importers in the west has resulted in very minimal business from the Baltic…

March 18, 2022Leave a commentGeneral, Nitrogen, Profercy World Nitrogen IndexBy Neha Popat
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