As we noted earlier in the week, urea markets have been firm since December, with prices in the US Gulf having jumped nearly 21% since the beginning of the year. This week saw the market cool. While demand is evident, buyers paused and were not prepared to meet earlier price increases. The slight change in…
Despite ups and downs in the US over the last week, urea markets remain firm. With price increases witnessed in all major export areas and markets, the Nitrogen Index moved up three points. The increase of three points this week is modest compared to those of the last two weeks – over 6 and 10 points…
Profercy’s World Nitrogen Index increased by a massive 10 points this week on the back of strong gains in global urea prices. With both the US and Europe competing for urea, fob prices for Egyptian granular urea surged by $40pt. The latest Indonesian sales tender for granular product saw a price increase of over $60pt…
The Profercy World Nitrogen Index saw the biggest increase in over a year this week. With US demand and escalating barge prices attracting supply from the Middle East, Malaysia and China, global granular urea prices saw a marked increase. The key granular urea elements in the Nitrogen Index, Middle East fob and Egyptian fob prices,…
The last full week of business in 2013 has been relatively quiet. Following the run-up in prices in recent weeks, Yuzhnyy prilled urea prices and Egyptian granular urea prices fell back. Despite an increase in Profercy’s price range for Yuzhnny ammonia, the Profercy World Nitrogen Index fell back to just over 170. A more detailed…
As the holiday season approaches, this extended blog entry briefly reviews the fortunes of nitrogen products throughout 2013. Utilising Profercy’s World Nitrogen Index, the review primarily focuses on urea, which makes up the majority of nitrogen used worldwide. 2013 saw nearly 7 months of falling urea prices sandwiched between two bullish phases. For more information on…
This week saw the market respond to the supply problems seen in North Africa. With significant volumes of North African product not available to the market, buyers were forced elsewhere driving Middle East granular urea prices up by $30pt fob. The increase also supported a rise in Yuzhnyy prilled urea prices – the top end…
Profercy World Nitrogen Index up almost 4 points on last week – Urea drives index gains Swaps market sees significant offer increases for January 2014 urea – up $15pt for Middle East Urea The nitrogen market remains bullish. Urea price gains supported a more notable increase in the Profercy World Nitrogen Index this week with…
With the urea market still tight in the East, the Profercy World Nitrogen Index has maintained an upward trend. Prices rises for Middle East and Egyptian granular urea and Yuzhnyy prilled urea have been witnessed through recent sales and purchasing tenders. Today’s Egyptian granular urea tender saw prices up $15pt on last week. Going against…