Profercy World Nitrogen Index falls to 16-month lows as producers await buying interest

With demand for nitrogen products yet to show signs of picking up this year, values have once again tumbled and resulted in the Profercy World Nitrogen Index (PWNI) declining 9.44 points to 217.85 this week. In the urea market, many producers/suppliers continue to pin their hopes on liquidity improving following the anticipated Indian purchasing inquiry.…

PWNI falls further as India heavily influences most fob values

The conclusion of India’s recent purchasing inquiry resulted in 1.47m. tonnes of urea being booked for shipment by 22 December. The volume was higher than most expected to be booked prior to the tender. The greater volumes were likely triggered by the competitive price. Indeed, the tender solicited the second lowest offer levels since July…

PWNI continues to advance as nitrogen values firm on escalating supply concerns in Europe

The Profercy World Nitrogen Index (PWNI) has rapidly ascended this week, climbing to over 300 points, as nitrogen values continue to firm amid increasing concerns over future fertilizer production in Europe. With Dutch TTF gas prices trading around €200/MWh over the past week, European fertilizer producers continue to weigh up the profitability of running operations.…

PWNI continues to slide as nitrogen markets enter turbulent waters

The Profercy World Nitrogen Index has descended again this week. With demand for all nitrogen products remaining lacklustre, values across the nitrogen-based complex have eroded further. In the urea market, buyers in almost all major buying regions remained absent from the market. With demand lacking for a number of weeks, producers have been left with…

PWNI hits lowest point of the year to date as nitrogen values continue to erode

The Profercy World Nitrogen Index (PWNI) has hit the lowest point seen so far this year, as values of nitrogen-based products eroded further this week. In the urea market, activity slowed down following the conclusion of India’s latest purchasing inquiry. With producers under no significant pressure to place cargoes, and buyers equally content, there was…

Urea: RCF purchasing inquiry concludes, ME and N. African fob values stable

The latest purchasing inquiry by India’s RCF reached a conclusion this week, with the state agency issuing LOIs for close to 1.65m. tonnes of urea for shipment by 5 July. Confirmations were submitted by participants in the tender on Monday, following counter offers being issued late last week at $716.50pt cfr west coast, and $721.30pt…