Profercy World Nitrogen Index

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:  Stable Week 24 – Nitrogen Index continues to decline, albeit by a much smaller margin this week.
The PWNIndex declined for a fifth consecutive week, with a weekly drop of 0.27. Overall, global urea and nitrate values were stable ahead of the latest developments int he Middle East. Most markets remain unchanged, with Middle East spot values edging higher, while netbacks from western markets held.

The past week has seen producers and traders alike take a wait and see approach ahead of the latest Indian purchasing tender. India’s NFL has set a target of 1.5m. tonnes of urea to be secured under the tender, a tall order given availability and the end July shipment deadline.
Much continues to depend on the extent of Chinese participation in the export markets. Several cargoes have been placed but no major volumes have as yet been exported while Indian business appears difficult, at best. Local authorities have set minimum export prices but with these well over $100pt above domestic markets and domestic demand weak, it remains to be see if they will be revised lower.

The index is currently 24.39 points higher than one year ago, with a year-to-date average of 179.84 versus 151.44 for the same period in 2024.

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.