Russia’s Acron has said its Q1 2018 production is 22% higher year on year to 249,000t following modernisation works at its existing urea units. In addition, the company plants to build a sixth urea unit with a capacity of 220,000 tonnes/year. The new unit is expected to be launched in the autumn having originally been…
CF Industries reported a third quarter loss for the first time since 2010 this week. The company noted that selling prices have been low due to global oversupply of nitrogen fertilizer and lower industrial demand. Prices in the US fell for much of Q3 and often traded below the international market. Indeed, in July this…
Yara International ASA announced today weaker third-quarter results compared with a year earlier. Third-quarter EBITDA excluding special items was down 35% at NOK 2,968 million compared with NOK 4,614 million a year earlier. The company noted that weaker fertilizer prices were only partly offset by higher deliveries of Yara-produced products, lower energy costs and currency translation…
Profercy’s latest long term price forecast, The Urea Outlook to 2030, was published in October 2016. While the latest report looks to the future, this blog provides an overview of price developments since 1970, as well as the factors that have contributed to five year price decline across global nitrogen markets. Urea accounts for over…
Profercy’s World Nitrogen Index currently stands at 94.90pts and has tracked sideways through September. However, with modest gains for urea and ammonium nitrate prices evident in the past two weeks, the Index could soon move over the 95 point mark for the first time since June. Urea: Indian demand supports producers in the East Global…