# Nitrogen Index makes biggest weekly increase in close to six months with urea markets firm

> The Profercy Nitrogen Index posted its biggest weekly gain since early September, with urea values firming. Middle East spot urea rose above $350/t fob as several large cargoes sold, and Egypt and Middle East spreads narrowed.

- Date: 2024-01-19 · published 2024-01-19T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/32434-nitrogen-index-makes-biggest-weekly-increase-in-close-to-six-months-with-urea
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Reduced Southeast Asian supply, Malaysian plant outages and China's continued absence are tightening urea availability ahead of spring application, pointing to higher urea and fertilizer costs for buyers.

## Read by commodity

- UREA: bullish ▲

## Sources

- profercy.com: https://www.profercy.com/insights/nitrogen-index-makes-biggest-weekly-increase-in-close-to-six-months-with-urea-markets-firm

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.