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: Firm | Week 40– Nitrogen Index registers further gains with urea and ammonia values advancing
The Profercy World Nitrogen Index registered a 0.49 point increase to start the month. Recent gains are the result of firmer Egyptian granular urea values, as well as notable price increases in the US Gulf urea market. Firm global ammonia values – as evidenced by the $30pt hike in the Tampa contract price – and stable nitrate and amsul prices have played a role. Recent events in the Middle East brought to the fore the significant of the region as a key global supply source. While there has been no supply disruption to date, the extent to which concerns are impacting the market will be evident in the latest Indian urea purchasing tender. 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.