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 to firm | Week 49 – Nitrogen Index finds support, bolstered by N African granular urea price rebound
The Nitrogen Index has found support, bolstered by a rebound in North African granular urea values. Producers successfully cleared large volumes for December with values once again returning just over $370pt fob. The gains were followed by higher bids in the latest sales tender in Nigeria for three lots of granular urea. India’s anticipated return to the market for January shipments has played a role in supporting global urea values, as has the emergence of a fresh purchasing inquiry in Ethiopia. Eastern values firmed with Middle Eastern business concluded at better levels after the earlier sale of a relatively prompt SE Asian cargo around $330pt fob for Australia. The Nitrogen Index stands at 160.36, up 0.71 points week on week. 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.