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: Soft | Week 18 2024 – PWNIndex registers small decline but May outlook remains uncertain
Following the sharp declines during the first half of April in which the Profercy World Nitrogen Index declined by a combined 19.38 points, the Index has been largely flat over the last two weeks. Indeed, urea values have only modestly changed in most key regions including the Middle East, Egypt and the Baltic. However, demand continues to be mostly absent and May availability in all of the aforementioned regions is yet to be fully or even mostly committed. As such, it is unclear how long the latest stability in the market can last while an uptick in nitrogen values is unlikely owing to the lack of demand. As noted in our earlier coverage (here), global values are close to the lows seen in June 2023. Week on week, the Index declined by 0.77 points to 136.57 points, giving back most of the 1.29 points gained during the previous 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. |
The Index is updated each week. An overview of the methodology can be found here.