Dr. Nader Salek
Argus
www.argusmedia.com
Argus Daily Nitrogen Report
Market Prices and News
Issue 25-73 | Monday, April 14, 2025
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Overview
Continued IPL Purchases, Price Increase in NOLA
IPL has extended its negotiations until Tuesday morning and has secured over 800,000 tons of urea so far. Meanwhile, prices in the United States have strengthened, and sales offers to the Brazilian market have been made at lower prices.
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India
IPL has extended the deadline for its counter-offers to urea suppliers on the East and West coasts until 10:00 local time (04:30 GMT) on April 15. The company has secured 818,000 tons of urea by the previous deadline (April 13, 12:00).
In its April 8 tender, IPL was seeking to purchase 1…
[10:53, 15/04/2025] Nader Salek: Analysis and Organization
To you
Dr. Nader Salek
Global Urea Market Analysis – April 2025
Based on updated information from reliable sources such as Argus Media, the global urea market experienced significant developments in the second week of April 2025, which are detailed by region below, followed by a general analysis:
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1. India – The Main Buyer in the Market
• IPL has successfully purchased 818,000 tons of urea so far and is still looking to complete its initial target of 1.5 million tons.
• This situation continues to keep the global market in an active demand state, with negotiations extended until Tuesday (April 15).
2. Egypt
• Initially, prices were reported around $380/ton FOB, but by the end of the day, a deal was finalized at $390/ton for Europe.
• Prices in Egypt appear to be experiencing a slight upward trend.
3. Iran
• Iranian producers have reduced their offered price for granular urea by $10 to $350/ton FOB.
• Despite attempts to sell 120-140 thousand tons last week, no tenders were finalized.
• Two producers (MIS and Lordegan) have reopened tenders for the sale of 30 thousand tons of urea, which will close on April 15 and 16.
4. Middle East
• Oman sold granular urea at $390/ton FOB, slightly lower than the previous Saudi deal (SABIC) at $395/ton.
• The trend in the Middle East continues to be stable with high prices.
5. United States (NOLA)
• Prices in the New Orleans market have increased by $9.5, reaching $404–420/ton FOB.
• This increase is due to May purchases, indicating a strong and stable market in the U.S.
6. Brazil
• The price of imported urea to Brazil has decreased by $1.5 to $380/ton CFR, reflecting weak demand.
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Final Analysis of the Global Urea Market:
• The market is in a phase of fluctuation and competition. While demand from India is heating up the market, reduced purchases in Brazil and price pressures from Iran are pushing prices downward.
• Iran is leading in price competition but faces challenges in finding buyers.
• Egypt and the Middle East continue to maintain strong and stable prices.
• The price increase in NOLA is a sign of rising consumption in America.
Conclusion:
In the short term, the market will remain influenced by continued purchases from India and stability in Western markets. However, supply pressure from Iran and stagnation in Brazil may lead to downward price adjustments in the coming weeks.
