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Urea prices across the Asian market rose consistently due to healthy improvement in demand from the domestic as well as international fertilizers market. During Q1 2021, prices in China suddenly surged due to partial lockdown activities amid surging daily COVID-19 cases, although it didnu2019t affect the production of Urea in the country, but road transportation and exports activities started facing trouble.
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Urea Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ Market Overview For the Quarter Ending March 2021 North America The North American region faced improved demand for Urea during the quarter, but due to the shortage of feedstock chemicals, prices remained high. Several feedstock Ammonia plants remained idled with several other production units across the gulf coast as an effect of winter storm. Ex-factory Urea prices at port Neal were reported around USD 415 per MT in March, showing gain of USD 20 per MT on month-on-month basis. After a long winter storm and trade disruptions, it is anticipated that till the end of the quarter prices would stop accelerating, as the production across the US gulf would progress towards supply restoration. Get more info: https://www.chemanalyst.com/Pricing-data/urea-1190
Urea Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ Asia Urea prices across the Asian market rose consistently due to healthy improvement in demand from the domestic as well as international fertilizers market. During Q1 2021, prices in China suddenly surged due to partial lockdown activities amid surging daily COVID-19 cases, although it didn’t affect the production of Urea in the country, but road transportation and exports activities started facing trouble. Meanwhile, in the Indian market, demand for Urea improved compared to the prior quarter and limited supply supported its prices. In addition, sentiments were bolstered after the Indian government approved the grant of USD 13.44 million to sustain BVFCL (Brahmaputra Valley Fertilizers Corporation Limited) plant operations, having urea production capacity of 390,000 MT/year, to ensure timely Urea availability for farming sector in the north eastern part of India. Europe The European Urea market experienced stable domestic and international demand for Urea during Q1 2021. The international demand was initiated due to lower feedstock i.e. Ammonia output from the US market due to disturbed production and limited trade activities in the second half of the quarter, which supported the price rise across the region. Shipping container shortages and soaring freight cost also significantly impacted the price of Urea across several trading routes.
Urea Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ Methodology ChemAnalyst gathers information through primary research surveys conducted with various Urea manufacturers, international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market. spread across the domestic and Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Urea market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility. Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe. Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Urea market. Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on weekly, monthly and yearly basis. Finally, region-specific markets for Urea are analyzed and region-wise demand pattern is tracked.
Urea Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ About Urea also known as Carbamide, is an organic compound with chemical formula CO(NH2)2. It is colorless, odorless, and non-toxic solid compound which exists ideal affinity for water. Commercially, Urea is manufactured by reacting synthetic ammonia with carbon dioxide. Urea finds wide application in agriculture industry, where more than 90% of total Urea produced in the world is used as a nitrogen-release fertilizer. Urea is known to have highest nitrogen content among most used nitrogenous fertilizers. Urea also finds its application in manufacturing of two widely used class of materials, namely, Urea-formaldehyde resins and Urea-Urea formaldehyde where latter is used in marine plywood. In addition , Urea has been commonly used in automobile industry to reduce the NOx pollutants in exhaust gases from combustion of diesel, dual fuel, and natural gas . Product Specific Details CAS No.: Mapped Under Multiple Cas No; HS Code: Multiple HS Codes; Grades: Feed grade, Fertilizer grade (46% N content), Technical Grade; Packaging Size: 50Kg bag; Incoterms: CFR, FOB, Ex-Works, Bulk Contracted, Spot Countries Covered: APAC – China, Japan, India, South Korea, Singapore Europe – Germany, France, Belgium America – USA, Brazil MEA – Saudi Arabia, UAE, South Africa
Urea Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ How we can help ChemAnalyst addresses the key problematic areas and risks associated with chemical and petrochemical business globally and enables the decision-maker to make smart choices. It identifies and analyses factors such as geopolitical risks, environmental risks, raw material availability, supply chain functionality, disruption in technology and so on. It targets market volatility and ensures clients navigate through challenges and pitfalls in an efficient and agile manner. Timeliness and accuracy of data has been the core competency of ChemAnalyst, benefitting domestic as well as global industry in tuning in to the real-time data points to execute multi-billion-dollar projects globally.
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