Profercy
Profercy
Global fertilizer prices and market analysis
  • Home
  • Nitrogen
  • Phosphate
  • Potash
  • About Us
  • News
  • Contact
  • Home
  • Nitrogen
  • Phosphate
  • Potash
  • About Us
  • News
  • Contact

Urea markets remain on a firm footing ahead of anticipated India tender

March 25, 2022Leave a commentGeneral, Nitrogen, Profercy World Nitrogen Index

This week has been noticeably more muted in terms of activity in comparison to the previous few weeks. However, market sentiment remains bullish with supply from Russia still disrupted. Indeed, it has been one month since conflict began in Ukraine and global trade flows are still adjusting.

There remains major uncertainty over future supply from Russia, with producers facing major obstacles to business. Many trading companies and buyers have maintained a risk-averse approach to potential purchases from Russia, unwilling to expose themselves to any sanctions-related risks. Unsurprisingly, spot business ex-Baltic and Black Sea has therefore been light for several weeks. Among the main issues has been shipping, with Russian suppliers having great difficulties in securing vessels.

In SE Asia and North Africa, producers are sold ahead and comfortable near term. With an Indian purchasing tender expected for second half April shipments, most producers and traders are putting off decision making ahead of the tender.

More generally, financing challenges are now a prominent feature of many new business discussions as a result of the record-high fertilizer prices. In some cases, prepayment is required. This has been a particular issue in Europe.

In the west, Brazil has been in the offseason and, until recently, the US has appeared content with availability ahead of its season. As a result, the latter has been trading at a notable discount to nearby markets, such as Mexico. This discount has facilitated re-export business from the US Gulf. It has also kept product away from the USA ahead of the Spring season.

The Profercy World Nitrogen Index gained by another 20.93 points this week to 476.51 points.

Share this content
LinkedInGoogle+TwitterFacebook
Related News
Global nitrogen values have declined close to pre-gas crisis levels
January 27, 2023
Profercy World Nitrogen Index falls to 16-month lows as producers await buying interest
January 20, 2023
Demand remains elusive for urea as markets near Q3 2021 levels
January 13, 2023
Urea: Lower EU gas prices and India’s absence results in bearish start to 2023
January 6, 2023
New Year cheer for ammonia buyers as prices fall on abundant supply and softer natgas prices
January 6, 2023
Achema Lithuania to temporarily halt ammonia production from 19 December
December 16, 2022
Leave Comment

Cancel reply

Your email address will not be published. Required fields are marked *

clear formSubmit

Recent Insights
  • Global nitrogen values have declined close to pre-gas crisis levels
  • Profercy World Nitrogen Index falls to 16-month lows as producers await buying interest
  • Demand remains elusive for urea as markets near Q3 2021 levels
  • Urea: Lower EU gas prices and India’s absence results in bearish start to 2023
  • New Year cheer for ammonia buyers as prices fall on abundant supply and softer natgas prices
Archives
Topics
  • Ammonia (8)
  • General (250)
  • Nitrogen (287)
  • Phosphate & NPKs (11)
  • Potash (4)
  • Profercy World Nitrogen Index (155)
  • Uncategorized (3)
Contact Profercy

Sales / Subscriptions: +44 (0)208 1234 418
Market / Customer Helpline: +44 (0)1372 386205
Press / Media Enquiries: Contact Us

Profercy Ltd,
Riverbridge House
Fetcham Grove
Guildford Road
Leatherhead
Surrey KT22 9AD
United Kingdom

Send an email

Profercy Hub Login

Latest Profercy Updates
  • Global nitrogen values have declined close to pre-gas crisis levels
  • Profercy World Nitrogen Index falls to 16-month lows as producers await buying interest
  • Demand remains elusive for urea as markets near Q3 2021 levels
Latest Global News
  • Total volumes confirmed in the IPL urea purchasing tender hit 1.5m. tonnes this morning – awards due to follow soon… https://t.co/XFFRjJPrKD
    21st Oct 2022 06:49 UTC
  • Nitrogen markets are responding to the latest developments in Ukraine. The prospect of sanctions on Russian materia… https://t.co/o1eflZDN02
    24th Feb 2022 13:30 UTC
  • Urea - India's anticipated return to the market has been confirmed today with IPL announcing a purchasing tender to… https://t.co/pPnaDGeAkO
    29th Jan 2022 08:04 UTC
Copyright © 2023 Profercy Ltd | Registered in England & Wales. Company No. 03220009.

Terms & Conditions - Data & Privacy - Website by Spinach

×
Before you leave...
Would you like to download a free copy of our reports? We have a free sample of each report for you. You can also take a 2 week free trial to see the value we deliver. 

You are giving us consent to send you Profercy reports and information about our services. Privacy Policy