Nitrogen Index drops four points, but India offers healthy prices for non-Chinese urea suppliers

It has been an important week for global urea markets. Last Friday’s STC tender for urea for shipment to India led to 850,000t being booked at $315-319pt cfr. As noted in this week’s Profercy Nitrogen Report, published 25 June, “the absence of a Chinese supply glut afforded real benefits for other suppliers in the latest…

Urea: Rebound continues – Egyptian urea values up $20pt in one week

The market rebound continues with higher prices witnessed this week at all major export points and in all major markets worldwide. Profercy Nitrogen Report, 14 May 2015 Global urea prices have rebounded in recent weeks with demand buoyant and supply tight. Producers in the East and West have not been under inventory pressure while a…

Nitrogen values approach 2014 year-low as urea prices face further downward pressure

Granular and prilled urea prices under pressure; limited end-user movement in Western markets, granular forced into other markets Chinese New Year limits price discovery over recent weeks – price changes likely in coming weeks Profercy’s World Nitrogen Index dropped a further 3.6 points this week and is now 3 points away from the 2014 year…

Urea markets cooler as US prices ease back

“The price slippage in the USA illustrates the extent to which this market supports both urea prices and supplier optimism in Q1. In the expectation that US demand for new cargoes will ease as February/March progresses, the paper market is already discounting Middle East granular prices for March.” Profercy Nitrogen Report, 15 January 2015 Profercy’s World Nitrogen Index fell…

Urea markets gradually awaken – prices rebound on Western demand

It has been a positive week for nitrogen prices with 6 of the 7 price ranges informing Profercy’s Nitrogen Index registering increases. This supported a 3.29 point gain for the Index, reflecting the bullish mood that is underpinning markets for major nitrogen products, such as urea, in the West. At 168.28, the Index has regained…