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 TO FIRM||Week 7 – 15/16 February 2018 – Slow week for nitrogen markets, urea prices stable
It has been a slow week for the global urea market, primarily due to holidays in Asia and also in Brazil. Granular and prilled urea producers worldwide are under no immediate pressure to place cargoes and prices have held this week. There have been some positive signs from the US Gulf market where weekly barge values continue to edge up. At the TFI Conference in San Diego there was a consensus that total urea supply was well below last year, despite the recent additions to domestic urea capacity. Dry weather has led to caution regarding potential demand for the current season and retailers have been reluctant to book large volumes to date.
The Nitrogen Index currently stands at 124.99, up 2.89 since the end of January.
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 by clicking here.