Urea markets cooler, ammonia races ahead, plus latest on Indian urea tender

Global urea markets cooled last week Ammonia markets remain firm – no let up in sight India securing large volumes despite initial concerns over low price offer Profercy’s Nitrogen Index saw only a 0.31 increase last week – the smallest gain since the urea price rally began in July. The market has witnessed a drop…

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PWNI sees modest increase as urea market pauses for breath; ammonia prices surge

Nitrogen Index sees slight increase as buyers resist urea price gains Ammonia prices surge ahead in East and West Profercy’s Nitrogen Index has seen an increase of nearly 18 points since the end of July. Significant price gains for urea and a tight ammonia market, followed by stronger nitrate and ammonium sulphate markets, have supported…

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Nitrates follow urea, nitrogen markets firm – Index up 10 points since July

The Nitrogen Index and the brief comments below draw on the prices and analysis published through the Profercy Nitrogen Service. For detailed assessment and full price information on global nitrogen markets, please register your interest in a free trial of the service.  Profercy’s Nitrogen Index gained a further 2.57 points this week, evidencing a bullish…

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Urea and ammonia markets surge – biggest Nitrogen Index increase since January 2014

Urea market sees big gains in the East and West The urea market has seen significant price gains in nearly all markets with supply constraints continuing to push global urea prices up. Product in major export origins for first half September is heavily committed for both prilled and granular urea. In the East, there are…

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Urea marches on – Nitrogen Index up 15 points since May price floor

Price gains for prilled and granular urea support a further increase in the Nitrogen Index First ever Chinese urea cargo sold to the EU Middle East ammonia sees price gains with producers confident Urea markets remain bullish and prices have risen again for granular urea in the Middle East and in China. The market has…

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Construction to begin on Koch Nitrogen’s $1.3 billion Oklahoma nitrogen expansion

North America: Koch Nitrogen has announced that construction will begin in September on its urea and ammonia expansion project at Enid, Oklahoma. Expected to last 18-24 months, construction of the $1.3 billion project will deliver a 900,000 short ton-per-year urea plant, alongside efficiency improvements and capacity expansions to existing ammonia units. The existing facility was built…

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Urea markets firm: Chinese granular prices advance, Nitrogen Index up 3.29 points

Urea market remains firm: prices advance in China, Middle East and in West Granular market sees greatest advances, while prills advance slowly PWNI up 3.29 points to 163.03 India considers new feedstock subsidy to boost urea production Urea market tight with price increase for granular The trade balance assessment in our latest urea market forecast…

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Urea market “modestly firm”; India buys big while US prompt prices ease

US prompt values ease, tempering Nitrogen Index Supply problems drag on, limiting product available in the short term Big week for urea as India books nearly 1.5m. tonnes of prills at $275-280pt cfr CAN prices up in Europe, Ammonia prices set to increase Urea modestly firm, while US prompt price eases The global urea market…

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