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 17
The Nitrogen Index registered a further increase of 2.9points, primarily on the back of additional price gains in the US Gulf urea market. A combination of strong demand for corn planting, coupled with a tariff-impacted April into May line-up has ensured prompt through May barge values have advanced well over $500ps ton fob Nola. Beyond Ethiopia, where recent tender awards have seen 260,000t booked, business has been light in the global urea market. Many are now weighing up the prospect of China’s return to the international stage after almost 18-months of minimal export business. The Index currently stands at just over 180 points. 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.