Profercy’s Nitrogen Index has remained over 153 for the past three weeks, contrasting the first four weeks of May which saw a 17 point drop. The earlier fall was motivated primarily by depreciating urea prices, particularly those in the Middle East. A more optimistic mood was evident at the end of last week’s IFA Conference…
Ahead of this year’s annual International Fertilizer Association conference in Sydney, the urea market remains bearish. With the Chinese low export tax window fast approaching, forward sales by traders have been concluded at ever lower numbers for July. A large volume of granular product has been sold into Turkey, while smaller volumes have been done…
Profercy’s Nitrogen Index fell over 6 points this week – the greatest fall since August last year. The temporary stability in urea markets seen in April is now a distant memory. Indeed, Middle East granular urea prices fell by a range average of $25pt this week. Egyptian prices have come under similar pressure with European…
Lower urea prices have been evident over the last week, forcing Profercy’s Nitrogen Index down 5 points – the largest single drop this year. The fall has been driven by easing urea prices in the Middle East, where netbacks for US cargoes have fallen further, and by the notable drop in Egyptian prices. Indeed, our…
In line with expectations, Profercy’s Nitrogen Index fell back over two points to 168 this week. The decrease was primarily a consequence of our quoted price range for Egyptian granular urea falling by $15pt fob. In addition, the low end of Profercy’s price quote for Middle East granular urea fell by the same amount. Despite prices…
[tabs][tab title=”Profercy Nitrogen Index – 2012 Onwards”] [/tab][tab title=”Profercy Nitrogen Index – 2009 Onwards”] [/tab][/tabs] Profercy’s Nitrogen Index held at 170.76 this week (up 0.16 on last week). The urea market in the West has seen traders covering in and some spot demand evident, supporting prices for prilled and granular urea. Egyptian prices have held…
[blockquote author=”Profercy Nitrogen Report 17 April 2014″ link=”” link_title=””] “…there has been some comfort for producers in the West this week with modest price rebounds witnessed. Last minute purchasing by end users coincided with traders looking to cover in short sales” [/blockquote] Profercy’s Nitrogen Index gained 2 points last week – the first increase since…
[blockquote author=”Profercy Nitrogen Report, 3rd April 2014“] The downward price trend continues…..while the level of inquiry has built slightly, it is insufficient to turn the price tide for suppliers. [/blockquote] The low end of Profercy’s price ranges fell by $5-9pt for all major urea export origins used in Profercy’s World Nitrogen Index. This includes Yuzhnyy prills,…
Prilled urea prices fall further in China US prices hold while all other markets for both granular and prilled urea drop back Gulf between Yuzhnyy ammonia and Yuzhnyy prills widens. The final week of Q1 maintained the bearish mood of previous weeks, with prices falling for both prilled and granular urea in all markets except…
Profercy’s World Nitrogen Index fell for the sixth week in a row with the market for both granular and prilled urea remaining weak. Cfr prices have fallen in a number of markets, with only US Gulf prices remaining healthy. North African prices for granular urea have resisted major price falls with demand in Europe relieving…