Acron’s net 2020 commercial AN and urea availability jumps following UAN cutbacks In 2020, overall ammonium nitrate production increased while urea and UAN output declined. As expected, UAN production fell sharply as the producer faced very poor returns from the USA for much of the year and was effectively blocked out of the European markets…
Amsul prices have been gaining for several months in China, primarily for standard caprolactam grade amsul. More recently, sharp increases were noted in other regions. Though the general strength of the nitrogen complex has been a significant factor, it has not been the primary driver in the amsul market. Over the last 2-3 weeks, Brazilian…
January 2021 has been a record breaking month for urea values. Bolstered by high grain prices, strong demand has been evident in the West, in particular the US, Europe and Turkey. With inventories low and purchasing behind in many markets, producers have been able to take advantage by sustaining consistent price increases with each sale.…
The surge in values seen in the global urea market has continued into the second week of the new year, with producers firmly in the driving seat and managing to secure higher prices with each concluded sale. Attention was once again focussed on the US Gulf where trading activity ramped up further, bolstered by high…
Trading activity in the US Nola urea barge market kicked into action during the first week back following the New Year break. The surge in demand has resulted in prompt month January values gaining around 14% since the start of the week. January barges traded between $252-284ps ton fob Nola, while, further out February and…
Following four weeks of advances where the Profercy World Nitrogen Index increased by nearly 10 points, the index has this week fallen by 2.42 points to 119.98, with urea values declining in the west and Middle East. With India’s state purchasing agency MMTC issuing LOIs for close to 1.3m. tonnes of urea late last week,…
Brazil’s urea imports during the year-to-November have hit an all-time record of 6.36m. tonnes owing to good ag economics, as well as a complete loss of domestic production. According to the latest customs statistics, Brazil’s year-to-date imports are 30% higher than the 4.88m. tonnes imported during the same period of 2019. The year-to-date total is…
The lowest offers received in today’s urea purchasing inquiry by MMTC are some $5-7pt higher than lowest offers in the first half October RCF tender. Through the latest tender, MMTC intends to book cargoes for shipment through to 6 January 2021. 13 participants submitted offers totalling 2.434m. tonnes in the inquiry, well below the volume…
India’s state purchasing agency MMTC has today announced the widely anticipated urea tender for shipment by 6 January 2021. The tender closes on 1 December. Demand for urea has been especially high this year in India, with a reverse migration of labour owing to the Covid-19 pandemic, together with a good monsoon, resulting in a…