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 26 – Nitrogen market witnesses significant price gains prior to ceasefire in the Middle East
The PWNIndex has again seen a large rise, this week by 19.12 points. This was to be expected after urea, nitrate and amsul values increased across the globe early in the week. The Israel-Iran conflict continued to have an impact on availability until midweek, particularly due to the problems caused to North African gas supply. Iranian production was also hamstrung since 16 June due to safety concerns. Quotes in all major markets saw significant gains, hence, the largest rise in the Nitrogen Index in quite some time. The market quickly calmed however as news of a ceasefire emerged and with production restarting in both Iran and Egypt. This suggested that some semblance of normality could return to the market in the coming week. The current value of 209.18 is the highest since early 2023. The index is currently 53.10 points higher than this time last year. The year-to-date average is 29.45 points higher than the same period in 2024, with the year average currently standing at 181.15 versus 151.70.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.