Use the independent price assessments and market coverage in our price reports to track the regional Urea market.
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Updated to Q2 2020
As the spring crops begin their secondary growth, there will be a need for additional volumes for those applications. With the inventory carried over, or acquire in the prior quarter, likely consumed, there should be increased buying and movement along the river and at the inland terminals. Expectations of an improved demand scenario could also boost US values and entice additional import volumes to arrive.
Given the forecasted acreage increase, demand could be increasingly high, especially if river logistics ease and there is good weather present. Farmers have forgone some applications over the last year and will be looking to restore nutrient levels, especially if crop margins stay tight. While there should be plenty of volumes immediately, those will need to be restocked, which will extended the period of buying.
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.
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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