[blockquote author=”Profercy Nitrogen Report, 3rd April 2014“] The downward price trend continues…..while the level of inquiry has built slightly, it is insufficient to turn the price tide for suppliers. [/blockquote] The low end of Profercy’s price ranges fell by $5-9pt for all major urea export origins used in Profercy’s World Nitrogen Index. This includes Yuzhnyy prills,…
The gulf between Yuzhnyy ammonia and prilled urea is now $200pt. Buoyant demand in the US and supply cutbacks and uncertainty have supported the increase in prices. While ammonia prices can be volatile in the short term, in the long run prices tend to follow urea and other nitrogen products. Supply-side factors, particularly production in the…
Profercy’s Nitrogen Index dropped for the fourth consecutive week on the back of price falls for both grades of urea. Of particular note, the low end of Profercy’s price range for US Gulf fob prices fell by $35ps ton this week. The changing fortunes for Gulf barge prices mean that Middle East producers will see…
Global urea markets have cooled in recent weeks, with the US proving to be the only bullish market. As anticipated in our last Forecast, published at the end of January, import purchases in most major markets proved to be limited through February. Buyers have been keen to avoid being left with surplus product in advance…
It has been a challenging week for many urea markets despite the continuation of healthy granular prices in the USA. The bottom end of Profercy Nitrogen’s price quote for Yuzhnyy prilled urea fell by a further $10pt, with the low end of the quoted range for Egyptian granular falling by a greater amount. However, other…
The last two years have seen numerous nitrogen capacity projects announced, with many of these located in North America. If all projects were built, Profercy estimates that global nitrogen capacity could increase 40% by 2018. However, many projects fail to break ground and production is never realised. Our latest long term forecast for urea, The…