US Gulf urea values recover as gas diversions and production cutbacks bring producers to the market; activity elsewhere limited

While activity across the global urea market was muted for the most part this week, the US has been the exception. With freezing temperatures currently being experienced in the country’s Midwest and gas prices sky-rocketing, nitrogen producers have scaled back production. Producers have been able to sell gas back into the market at a notable…

Financial Results: CF Industries Q4 urea sales up, UAN down; Nutrien’s total 2020 Nitrogen sales hit record high

CF Industries this week announced net earnings of $87m during Q4 2020, up from $55m in Q4 2019, while it’s EBITDA was at $334m, an increase from $306m. The firm’s full year 2020 earnings declined to $317m, while EBITDA also fell to $1,316m, compared to 2019 net earnings of $493m and EBITDA of $1,620m. Net sales…

Profercy World Nitrogen Index continues to reach new highs in spite of the slowdown in the global urea market

After a rampant start to the year, activity in the global urea market has been significantly slower this week. In the West, values in the US Gulf barge market fell further with a handful of sellers entering the market again and lowering offers to place February and March barges. This resulted in values declining by…

Financial Results: Acron’s net 2020 commercial AN and urea availability jumps; Yara fourth quarter net income up 24%

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…

PWNI makes largest gain in over three years with urea prices in the US up 25% while Egyptian urea values advance 16%

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…

Profercy World Nitrogen Index makes rapid ascent as US urea prices increase 14% in a week, while values elsewhere make similar gains

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…