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The Profercy World Nitrogen Index fell in the week to April 23, 2021, as North African urea producers accepted lower fob prices for May shipments. Chinese prilled urea values rose slightly, and buyers await a possible Indian urea tender that may slip into early May.
Lower North African urea offers weigh on global nitrogen prices, though a firmer Chinese stance and a possible Indian tender could limit further declines.
profercy.comChris YearsleyApr 23, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
