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…
DetailsIn 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…
DetailsCF Industries Holdings Inc. and CHS Inc. announced on 12 August that they have agreed to enter into a strategic venture worth $2.8 billion. The deal will see North American Cooperative CHS make an equity investment in a wholly owned CF subsidiary and also enter into a supply agreement for up to 1.1m. tons of…
DetailsStatements 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…
DetailsFrom the 9th July 2015 Profercy Nitrogen Weekly Report: “As expected, there have been no real positives for urea suppliers over the past week. Prices continue to chart a downward path in the absence of major buying interest from any of the key markets worldwide.” It has been a tough few weeks for global urea…
DetailsIt 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…
DetailsThe 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…
DetailsGranular urea prices move up in the Arab Gulf and the Americas – firm Chinese price stance supports gains. Supply squeeze in the US Gulf leads leads to price rally for prompt and May barges. Deferred months also firm up. Nitrogen Index holds steady after 13 weeks of decline. Global urea markets have been in…
Details“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…
DetailsGranular 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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