An uninspiring end to 2015 for the urea industry

The below entry draws heavily on Profercy’s latest Nitrogen Market Forecast. To obtain a copy, you can register for a free trial of Profercy’s Nitrogen Service here.  It has been another challenging year for urea. As evidenced by the graph below, average nitrogen values prices have fallen for three years. Indeed, the Nitrogen Index, heavily…

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Global urea prices track sideways despite global commodity downtrend

In recent weeks, global nitrogen values have broadly trended sideways and urea markets in particular have lacked clear direction. This trend followed a tough July in which global urea values dipped sharply – prilled urea hit a low of $263pt fob Yuzhnyy, before staging a modest recovery. Indeed, Yuzhnyy prills are currently valued some $15pt…

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Iran: The removal of trade sanctions and the impact on global nitrogen trade

Statements today from US President Barack Obama and Iranian President Hassan Rouhani confirm that a deal has been reached between Iran and the P5 + 1 nations that paves the way for the removal of major trade sanctions restricting Iranian exports. With regard to nitrogen fertilizers, Iranian ammonia and urea exports have been increasingly restricted in…

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Nitrogen Index drops four points, but India offers healthy prices for non-Chinese urea suppliers

It has been an important week for global urea markets. Last Friday’s STC tender for urea for shipment to India led to 850,000t being booked at $315-319pt cfr. As noted in this week’s Profercy Nitrogen Report, published 25 June, “the absence of a Chinese supply glut afforded real benefits for other suppliers in the latest…

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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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