uploads///Urea Prices

Urea Prices: New Highs in the Week Ending September 28

By

Oct. 1 2018, Updated 1:15 p.m. ET

Urea

In the week ending September 28, the urea prices in NOLA (New Orleans) and Brazil made new highs again. The rising trend started in May. Stronger urea prices favor producers (XLB) like CF Industries (CF), CVR Partners (UAN), and Nutrien (NTR).

Article continues below advertisement

Weekly movements

The granular urea prices in Brazil rose slower compared to the prices in NOLA. The prices rose 1.6% to $325 per metric ton in the week ending September 28 from $32o per metric ton in the week ending September 21 in Brazil. In NOLA, granular urea prices rose by as much as 2.7 basis points week-over-week to $278 per metric ton from $270 per metric ton.

Less supply in China and higher energy prices outside the US have driven urea prices in 2018. Urea prices at both of these locations have risen, as you can see in the above chart. The urea prices in the NOLA region have risen as much as 30% YoY (year-over-year) from $213 per metric ton in the same week in 2017. The granular urea prices in Brazil have increased 13% YoY from $288 per metric ton in the same week in 2017.

Next, we’ll discuss natural gas prices.

Advertisement

More From Market Realist

    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.