Nitrogen Index up 2 points with improved urea prices in the West

[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…

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Urea prices soften, ammonia remains firm – Nitrogen Index down 3 points

[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,…

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CHS puts North Dakota urea project on hold. Looking at the decision in the context of global supply growth

News emerged this week that CHS, a major US co-operative, was delaying a decision on its proposed urea project in Spiritwood, North Dakota. Commenting in the local Jamestown Sun newspaper, a company spokesperson noted that: “At the current cost estimate, the project would not generate the targeted returns on capital and would not be viable”.…

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Another bearish week for urea; Profercy’s Nitrogen Index falls a further 3.8 points

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…

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Granular prices under pressure; India books large volumes in first major tender of the year

With the exception of ammonia, all nitrogen markets remain weak. Global urea prices have continued their downward trend, with granular urea prices falling by greater levels than prills over the last week. Demonstrating this point, while Profercy’s price range for Yuzhny prilled urea fell by an average of $5pt, the low end of Profercy’s range…

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