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During the first quarter of 2022, US water-soluble fertilizer consumption climbed by a factor of four. The usage of Urea and Potash has been relatively considerable. On the supply side, natural gas prices in the United States doubled in the first quarter of 2021, significantly raising the cost of producing Water-Soluble fertilizers. In addition, shipping prices rose considerably in 2021.
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Water Soluble Fertilizers Price Trend and Forecast During the first quarter of 2022, US water-soluble fertilizer consumption climbed by a factor of four. The usage of Urea and Potash has been relatively considerable. On the supply side, natural gas prices in the United States doubled in the first quarter of 2021, significantly raising the cost of producing Water-Soluble fertilizers. In addition, shipping prices rose considerably in 2021, particularly for goods from Asia to North America. Phosphate and Potash mining expenses also included energy, which weighed on the prices. On the supply side, high crop prices encouraged farmers to apply more fertilizer per acre, putting pressure on Water Soluble Fertilizers Price. FOB Price in the North American region ranged between USD 310-320/ton during the first quarter of 2022. https://www.chemanalyst.com/Pricing-data/water-soluble-fertilizers-wsf-1116
Water Soluble Fertilizers Supply in Global Market The water-soluble fertilizers Supply has been steadily rising during Q1 2022 because of increased demand from the agriculture sector. Increased demand of Urea and other fertilizers are affecting fertilizers due to previous energy price increases. Most export demands were projected to rise following the spring season, with the majority of them coming from Europe. On the other hand, domestic traders remained pessimistic about future demand growth, citing the industry's ongoing market volatility and high inflation amid the Russia-Ukraine conflict. WSF prices were INR 84000/MT (USD 1102.69/MT) in March, including MAP (Mono Ammonium Phosphate), CFR JNPT (India) prices, Potassium Nitrate CFR JNPT prices INR 85600/MT (USD 1123.69/MT), and Urea Phosphate CFR JNPT prices were INR 75000/MT (USD 984.54/MT). https://www.chemanalyst.com/Pricing-data/water-soluble-fertilizers-wsf-1116
The price of water-soluble fertilizers has been steadily rising during Q1 2022 During the first quarter of 2022, US water-soluble fertilizer consumption climbed by a factor of four. The usage of Urea and Potash has been relatively considerable. On the supply side, natural gas prices in the United States doubled in the first quarter of 2021 During Q1, water soluble fertilizers manufacturers in Europe were pressurized because of high natural gas costs and increased demand from the agriculture sector. European Natural Gas prices have hit record highs in early March 2022
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