Use the independent price assessments and market coverage in our price reports to track the regional Urea market.
Our information is gathered by locally based reporters, giving unrivalled coverage of regional markets.
Updated to Q2 2018
The recent capacity expansion of inland production became fully evident during the past quarter as domestic producers increased the overall supply availability within the US urea market. However, this lift in supply took away some of the urgency and need for New Orleans barge volumes. The amount of inventory also scaled higher as US farmers began over the period to lower their demand requirements as they concluded spring crop sowings.
The US season saw significant demand early during the quarter as weather delayed farmers from starting spring sowings. However, the burst of new buying gradually declined as the crops advanced with most of the period seeing a tailing off. The next round is not expected to emerge until refill interest comes back. It is expected to be a challenging period for the barge market as inland output could still command the center stage.
We offer the following regional Urea coverage to keep you informed of factors and developments affecting prices in the US Urea marketplace.
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Nitrogen (N) fertilizers are produced chemically using natural gas and hydrogen that is contained in the air. Ammonia is produced by mixing nitrogen and hydrogen gases in the presence of heat, pressure and a catalyst compound.
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Urea is the most widely-produced and commonly-traded nitrogen fertilizer. Production amounts to more than 140m. tonnes a year, of which about 30m.
The US weekly urea report covers the spot price of urea in the US Gulf (USG). Urea is a major source of nitrogen – a key plant nutrient for many of the crops that we grow for food, feed and fuel.
The report is important to producers, distributors and dealers of urea who need to know and receive an in-depth analysis of trends in the fertilizer industry.
Urea is important to wheat growers – specifically because it is the main source of nitrogen for both winter and spring wheat.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Urea. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
Our time series of pricing data enables you to build and model trends, to get a view of where markets might be heading. The data service includes charting functionality, allowing you to chart and download multiple data series for manipulation in your own internal models. You can also export data to Excel via the ICIS dashboard service.
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