# Urea prices rally: PWNI continues to make strong gains, closing in on highs reached in March

> The Profercy World Nitrogen Index rose over 8 points in a week, its largest weekly gain since early February, nearing March highs. Indian purchasing tender RCF received 1.49m tonnes of offers and accepted about 565,000t at lowest offers of $408.88/t cfr east coast, with China and the Middle East also raising offers.

- Date: 2021-05-28 · published 2021-05-28T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/5694-urea-prices-rally-pwni-continues-to-make-strong-gains-closing-in-on-highs
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

India's short-covered tender and expected return to the market to rebuild stocks ahead of peak demand support global urea prices. Firm Chinese and Middle East offers reinforce the upward trend.

## Read by commodity

- UREA: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| UREA | 2021-05-28 | 1 | +6.0% | 6.0 | The Indian RCF tender was awarded at $408.88/t cfr, with China and the Middle East raising offers, and the PWNI posted its largest weekly gain since February. This directly reflects the demand and price discovery behind the 1-day urea jump. |
| UREA | 2021-06-02 | 1 | +5.5% | 4.7 | Strong Indian tender (RCF) demand with 1.49m t offered and higher offers from China and the Middle East pushed the nitrogen index to near March highs, a direct driver of urea price gains days before the move. |
| UREA | 2021-06-01 | 1 | +5.5% | 4.9 | The Profercy World Nitrogen Index posted its largest weekly gain since February, and the Indian RCF tender drew large offers that were raised across China and the Middle East, signaling strong demand and firmer offers just before the move. |
| UREA | 2021-05-27 | 1 | +6.0% | 7.7 | The Indian RCF tender drew heavy offers, and prices were accepted at about $408.88/t cfr, with China and the Middle East raising offers; the weekly PWNI gain was the largest since February. It is dated a day after the move but describes the tender-driven price surge in the same window. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2020-11-20 | [Profercy World Nitrogen Index makes strong gains as urea values continue to increase ahead of India’s return](https://feedsoft.ai/events/50466-profercy-world-nitrogen-index-makes-strong-gains-as-urea-values-continue-to.md) | +9.4% | +7.9% |
| UREA | 2020-08-10 | [Profercy World Nitrogen Index registers large gains as urea prices continue to ramp up](https://feedsoft.ai/events/51542-profercy-world-nitrogen-index-registers-large-gains-as-urea-prices-continue-to.md) | -2.8% | -6.6% |
| UREA | 2024-09-27 | [Urea prices continue to firm.](https://feedsoft.ai/events/5248-urea-prices-continue-to-firm.md) | +5.8% | +4.8% |
| UREA | 2024-02-05 | [Positive Price Momentum Continues in Urea Market \| CZ app](https://feedsoft.ai/events/31594-positive-price-momentum-continues-in-urea-market-cz-app.md) | +1.4% | +11.5% |
| UREA | 2025-01-27 | [Urea Continues Rise Ahead of India Tender Pricing \| CZ app](https://feedsoft.ai/events/26438-urea-continues-rise-ahead-of-india-tender-pricing-cz-app.md) | +1.4% | +12.4% |

## Sources

- profercy.com: https://www.profercy.com/insights/urea-prices-rally-pwni-continues-to-makes-strong-gains-closing-in-on-highs-reached-in-march
- profercy.com: https://www.profercy.com/urea-prices-rally-pwni-continues-to-makes-strong-gains-closing-in-on-highs-reached-in-march/

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