PWNI climbs on bullish factors despite small Indian purchase

The Profercy World Nitrogen Index increased this week as the urea market sidestepped the Indian tender results in favour of bullish upstream and downstream factors, as well as logistical considerations. The latest purchasing tender by India’s MMTC resulted in just 550,000t booked. This would have ordinarily been considered a very bearish outcome. Indeed, the last…

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Q1 2021 results: Nutrien and CF Industries net earnings up on increased product selling prices

First quarter 2021 financial results released by both Nutrien and CF Industries this week have shown significant increases in their net earnings and EBITDA compared to the same period of last year. While sales volumes have declined at both producers compared to previously owing to lower production levels, the higher sales pricing for fertilizer products…

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PWNI sinks lower as North African urea producers accept lower fob prices to place May shipments

The Profercy World Nitrogen Index has fallen lower this week, although the losses have not been as vast as in recent weeks, with urea values mixed across the different regions. Values in the east have held, while latest North African business saw lower fob prices in the west. Market participants continue to await an announcement…

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