India’s surprise early-return has ended the malaise that had emerged in many areas of the market. News of the tender midweek spurred a round of fob activity in the east and west with Profercy’s Nitrogen Index subsequently advancing a further 2.63 points. The Index stands at 162.11, returning above 160 points for the first time…
Insatiable demand for prompt Nola barges has seen US benchmark prices rally more than $32ps this week with first half April business done up to $387ps ton fob. While the focus has been on near-term barges, the 45-day price curve has advanced with up to 50 barges, including several for first half May, changing hands…
The Profercy World Nitrogen Index (PWNI) has dipped lower this week, although the losses have not been as sharp as those seen in recent weeks. With liquidity remaining light in the urea market ahead of the imminent purchasing inquiry by India’s RCF, the decline in fob values has slowed down this week and some believe…
The Profercy World Nitrogen Index gained by 55.50 points week on week to 422.50 points. This is the single sharpest weekly gain on record surpassing a record only recently set, early October, when high gas prices led to production cutbacks in Europe. This time the stakes appear higher. Gas prices in Europe are around 50%…
The Profercy World Nitrogen Index gained by 14.45 points week on week to 201.01 points. This is the single biggest week on week increase since January 2009. The last time the Index was above 200 points was in March 2013. Global nitrogen prices remain firm with urea, amsul and ammonia values climbing this week. Urea:…