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.
Week 35 – Granular urea prices register further gains, underpinned by ongoing supply disruption, grain and gas fundamentals
Global urea values have been on a firm footing, buoyed by ongoing supply challenges in the Middle East, solid grain values and advancing European gas prices. With granular urea availability still considered tight, the prospect of new export quotas being issued in China has done little to undermine sentiment.
Sustained price gains have seen Profercy’s Nitrogen Index advance 6.3 points this week, returning to levels last seen in July.
Further commentary is available here.
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