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: FIRM Week 24 14-15 June 2018 – N Index gains for a fourth week as urea and nitrate markets remain firm

“With urea prices set firm, pre-IFA conference business has been more active than usual this year with many major buyers deciding to buy now rather than risk higher quotes in second half June.” Profercy Nitrogen Weekly Report, 14 June 2018.

The Index gained for the fourth consecutive week in a row and was up by 1.58 points this week to 116.81 points as global urea markets remained firm. Middle East and Egyptian granular urea producers have achieved higher levels while Central American buyers have booked major volumes. In the US, prompt and loaded barges traded up to $250ps ton fob Nola, around $270pt cfr equivalent.

The latest price increases, though more tempered than recent weeks, have been followed by gains for ammonium nitrate and UAN. European nitrate producers have raised prices multiple times since May while FSU AN producers have achieved higher levels into Brazil and North Africa.

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.

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Urea: A brief price history since 1970

To coincide with the publication of Profercy’s latest long term report, an article outlining urea price developments since the 1970s and the factors causing the decline in urea prices since 2011 can be found here.