Profercy’s Nitrogen Index utilizes key global nitrogen fertilizer prices to derive a value for nitrogen as a crop nutrient. The Index provides a useful and straightforward tool to gauge the overall health of the World market for nitrogen fertilizers.
For the latest detailed market analysis on global urea, ammonia, nitrates and ammonium sulphate, you can sign up for a no-obligation trial of the Profercy Nitrogen Service. To do so, please click here.
| Market Status: Firm | Week 17
The US nitrogen market has taken centre stage with urea, UAN and amsul values all firming. The most significant price gains were seen in the Nola urea market with loaded barge values advancing as high as $470-480ps ton, up over $75ps ton in a week. Strong early planting progress, alongside tight nearby supply in the Gulf has played a role in driving up prices. The April and May import line-up has been impacted by earlier tariff uncertainty while shipment windows will now limit what can arrive by even early-June. UAN values have also advanced with CF Industries raising offers for June by $10-15ps ton. While western urea producers are still holding May availability, none are under near-term pressure. Those in the east are well committed following earlier sales to India and Australia. Several also have regular offtake cargoes, limiting spot availability, particularly in SE Asia. As such, fob values have now advanced over $400pt fob Indonesia for May. The Nitrogen Index has advanced by 4.31 points, largely owing to the impact of US values on Middle East contract netbacks. For a detailed overview of the latest developments in global nitrogen markets, as well as the latest regional market analysis and price assessments, you can receive a free trial of the Profercy Nitrogen Service. |
The Index is updated each week. An overview of the methodology can be found here.