Urea: Rebound continues – Egyptian urea values up $20pt in one week

The market rebound continues with higher prices witnessed this week at all major export points and in all major markets worldwide. Profercy Nitrogen Report, 14 May 2015 Global urea prices have rebounded in recent weeks with demand buoyant and supply tight. Producers in the East and West have not been under inventory pressure while a…

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Urea market mood remains bearish – prompt tonnage values fall again

“The urea market mood is bearish and so is the reality. Prices for prompt tonnage have fallen again this week while traders have continued to move to the short side with forward sales for April shipment made at low levels.” Profercy Nitrogen Report,  12 March 2015 With FSU prilled urea values falling sharply this week…

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Nitrogen values approach 2014 year-low as urea prices face further downward pressure

Granular and prilled urea prices under pressure; limited end-user movement in Western markets, granular forced into other markets Chinese New Year limits price discovery over recent weeks – price changes likely in coming weeks Profercy’s World Nitrogen Index dropped a further 3.6 points this week and is now 3 points away from the 2014 year…

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TFI Annual Conference: Global and US urea markets lacklustre

US barge values stable at TFI Annual Conference following $30ps ton drop since early January US still offers best returns for product arriving from the Arab Gulf Lower returns for granular urea in the West have seen Profercy’s Nitrogen Index drop 9 points since beginning of January US Gulf urea barge values have fallen by…

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Global markets stable and rangebound – Nitrogen Index flat

Reflecting the rangebound nature of global urea prices, Profercy’s World Nitrogen Index saw little change this week and moved down 0.60 points to 169.60. There have been no major price changes in the key granular urea import markets – the US and Europe. For the former, barge prices have stabilised in a narrow range having…

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Urea markets cooler as US prices ease back

“The price slippage in the USA illustrates the extent to which this market supports both urea prices and supplier optimism in Q1. In the expectation that US demand for new cargoes will ease as February/March progresses, the paper market is already discounting Middle East granular prices for March.” Profercy Nitrogen Report, 15 January 2015 Profercy’s World Nitrogen Index fell…

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Urea markets gradually awaken – prices rebound on Western demand

It has been a positive week for nitrogen prices with 6 of the 7 price ranges informing Profercy’s Nitrogen Index registering increases. This supported a 3.29 point gain for the Index, reflecting the bullish mood that is underpinning markets for major nitrogen products, such as urea, in the West. At 168.28, the Index has regained…

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