US Gulf urea prices up $20-30ps ton – a seasonal run-up in a bear market?

After a difficult January for nitrogen producers, global urea markets are currently on a firmer footing. Significantly, urea values in the US Gulf ran-up quickly in the last 10 days, moving up $20-30ps ton to over $245ps ton for March barges. A number of factors have supported the run-up, including the fact that the US…

Urea prices down $20pt on mid-December 2015 levels

Negative start to 2016; nitrogen prices under pressure Plentiful global supply and low energy environment undermines potential for a sustained run-up in prices It has been clear for some time that 2016 would be a difficult year for urea markets. Q1 has traditionally provided the best opportunities for producers to manage a run-up in global prices. However,…

An uninspiring end to 2015 for the urea industry

The below entry draws heavily on Profercy’s latest Nitrogen Market Forecast. To obtain a copy, you can register for a free trial of Profercy’s Nitrogen Service here.  It has been another challenging year for urea. As evidenced by the graph below, average nitrogen values prices have fallen for three years. Indeed, the Nitrogen Index, heavily…

Global urea prices track sideways despite global commodity downtrend

In recent weeks, global nitrogen values have broadly trended sideways and urea markets in particular have lacked clear direction. This trend followed a tough July in which global urea values dipped sharply – prilled urea hit a low of $263pt fob Yuzhnyy, before staging a modest recovery. Indeed, Yuzhnyy prills are currently valued some $15pt…

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…