# Nitrogen prices remain volatile but less extreme | The Western Producer

> Global fertilizer demand is growing even as supplies tighten from production problems. European natural gas, which peaked near $90-100/MMBtu in August, has stabilized around $40, and the EU has shut roughly half of its nitrogen capacity.

- Date: 2022-12-08 · published 2022-12-08T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/38532-nitrogen-prices-remain-volatile-but-less-extreme-the-western-producer
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Persistent high gas costs and European plant shutdowns keep nitrogen supply constrained, supporting fertilizer prices into 2023.

## Read by commodity

- UREA: bullish ▲
- NATGAS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2022-12-14 | [Nitrogen fertilizer prices at mercy of global issues \| The Western Producer](https://feedsoft.ai/events/38179-nitrogen-fertilizer-prices-at-mercy-of-global-issues-the-western-producer.md) | +0.6% | -12.4% |
| UREA | 2022-10-26 | [Tightening nitrogen fertilizer supplies raise alarm \| The Western Producer](https://feedsoft.ai/events/10125-tightening-nitrogen-fertilizer-supplies-raise-alarm-the-western-producer.md) | -11.7% | -11.8% |
| UREA | 2021-10-07 | [High fertilizer prices not going away quickly \| The Western Producer](https://feedsoft.ai/events/5910-high-fertilizer-prices-not-going-away-quickly-the-western-producer.md) | +5.0% | +9.6% |
| UREA | 2023-07-26 | [The increase in the price of oil led to an increase in the prices of gas and nitrogen fertilizers](https://feedsoft.ai/events/7009-the-increase-in-the-price-of-oil-led-to-an-increase-in-the-prices-of-gas-and.md) | +28.9% | +17.2% |
| UREA | 2021-09-22 | [Nitrogen prices soar as high gas prices shut down production - Farmers Weekly](https://feedsoft.ai/events/45383-nitrogen-prices-soar-as-high-gas-prices-shut-down-production-farmers-weekly.md) | +2.2% | +39.6% |
| NATGAS | 2016-11-18 | [Nitrogen Producer Competitiveness Squeezed by $70 per Tonne in new Era of Energy Pricing](https://feedsoft.ai/events/74144-nitrogen-producer-competitiveness-squeezed-by-70-per-tonne-in-new-era-of-energy.md) | +14.2% | +38.1% |
| NATGAS | 2023-04-24 | [Volatility Still Lurking in Global Natural Gas Markets Despite Easing Prices](https://feedsoft.ai/events/36593-volatility-still-lurking-in-global-natural-gas-markets-despite-easing-prices.md) | +5.5% | +11.7% |
| NATGAS | 2018-02-02 | [Relationship between Nitrogen and Natural Gas](https://feedsoft.ai/events/66811-relationship-between-nitrogen-and-natural-gas.md) | -8.0% | -9.3% |

## Sources

- producer.com: https://www.producer.com/news/nitrogen-prices-remain-volatile-but-less-extreme/

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