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: Soft | Week 17 2024 – Pace of decline stalls with urea values holding for the time being
Urea values in the Middle East and North Africa exhibited some signs of stability after a difficult month. This, alongside moderately higher average prices in New Orleans, have ensured the Index has not declined for the eighth week in a row. The Index stands at 137.34, up 1.29 points on last week. This is the lowest value to conclude April since 2020, when the Index sub-110 points. Since the beginning of the month, the Nitrogen Index has declined by 13 points. In the ammonia market, higher values have been witnessed in the east amid concerns over supply. Further analysis is available here. 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.