Our nitrogen coverage is extensive, and includes urea, UAN, ammonium nitrate and ammonium sulphate. We track the factors that will determine the future of each market. For example, the urea market is witnessing major changes to supply patterns following a glut of new capacity in 2016-17 and the decline of China as a major exporter. Key import markets such as the US and India are shrinking, forcing a re-orientation of urea trade to countries in Latin America, Europe and southeast Asia.
A period of profound oversupply has ended and producers can look forward to improving prices. But price volatility remains high in the highly seasonal urea business and will be a feature of the market for years to come. This places a premium on experienced reporting to understand the underlying trends and cover a fast-moving market.
Argus’ staff in London have more than 40 years of experience in covering this market, backed by editorial resources in Moscow, Houston, Singapore, Brazil and China, keeping us closer to these markets than anyone else.