Profercy World Nitrogen Index up almost 4 points on last week – Urea drives index gains Swaps market sees significant offer increases for January 2014 urea – up $15pt for Middle East Urea The nitrogen market remains bullish. Urea price gains supported a more notable increase in the Profercy World Nitrogen Index this week with…
DetailsThe latest agreement between Iran, the US and other UN nations could be a precursor to Iran becoming a regular participant in world trade, allowing it to export urea and ammonia free of sanctions. Under the initial agreement, a limited $7 billion of relief on sanctions may be seen over the next six months. With…
DetailsWhile it has been a bumpy week for urea, there is no indication that the market will deviate from the current upward trend. The PWNI saw a modest gain to 161.59 from 160.51. Profercy’s quoted price ranges for urea saw a small depreciation in the Yuzhnyy index value, while the Egyptian and Arab Gulf ranges…
DetailsLater today Profercy will publish the latest weekly news and analysis on global fertilizer markets and prices, covering markets worldwide for nitrogen, phosphates, NPKs and potash. While the publications are focused on market developments, some of the latest company news is provided below. Eurochem seeks London flotation within five years London’s Evening Standard is this…
DetailsDevelopments in the Uralkali and BPC saga continue to attract headlines globally. Editor of the Profercy Potash Service, Tom Jago, assesses the latest developments below and the implications for the market. Potash importers are nervous that scope for future reconciliation between Belarus and Russia could expose demand, until now heavily deferred, to higher price demands.…
DetailsWith the urea market still tight in the East, the Profercy World Nitrogen Index has maintained an upward trend. Prices rises for Middle East and Egyptian granular urea and Yuzhnyy prilled urea have been witnessed through recent sales and purchasing tenders. Today’s Egyptian granular urea tender saw prices up $15pt on last week. Going against…
DetailsOver the last few weeks the urea market has entered a bullish phase with notable price increases globally. This will provide a refreshing break to producers that have been on the wrong end of a falling market for most of the year. Reflecting this, the Profercy World Nitrogen Index has witnessed an increase in the…
DetailsSuccessive Indian administrations have sought to address India’s import requirement for urea, with demand far outstripping domestic supply. Latest news in the Indian media suggest that the Government’s New Investment Policy, intended to incentivise manufacturers to raise domestic production, has attracted far too much interest. The NIP sought to introduce guaranteed buy-back of urea produced…
DetailsThe PWNI utilizes key nitrogen fertilizer prices to derive a value for nitrogen as a crop nutrient. 2009 is used as the base point for the Index, which provides a useful and straightforward tool to gauge the overall health of the World market for nitrogen fertilizers. The prices are derived from the Profercy Nitrogen Report…
DetailsUrea prices have been on a downward trajectory since February and March. However, in the the last month urea prices appear to have bottomed out supporting a small upturn in the PWNI. The Profercy World Nitrogen Index, copied below, has since risen to 156 following a three-year low of 148 at the beginning of September.…
Details