Urea Prices: News, Historical And Forecast, Database | Procurement Resource

Urea, with the formula H2NCONH2, is the diamide of carbonic acid and is also called by the name carbamide. The most critical utilisation of urea is its use as a fertiliser and feed supplement and as a starting material for producing plastics and drugs. Urea is a colourless, crystalline substance that melts at 132.7° C (271° F) and decays before boiling.

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It is the main nitrogenous product of the metabolic breakdown of proteins in all mammals and specific fishes. The material is found in all mammals’ urine, blood, bile, milk, and sweat. Commercially, urea is produced in huge amounts from liquid ammonia and liquid carbon dioxide, which is added to blended fertilisers.

Russia, China, Oman, Qatar, and Saudi Arabia are the leading urea-exporting countries. In comparison, the main importers are India, Brazil, the United States, Australia, and Turkey.

Key Details About the Urea Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Urea price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.

The Urea Price trend, including India Urea price, USA Urea price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

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Industrial Uses Impacting Urea Price Trend:

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Urea is used as a raw material in the production of several chemicals, like a wide range of plastics, urea-formaldehyde resins, and adhesives. It is also an important component used in the manufacturing of feedstock, glue, fertilizer, commercial products, and resins. Over 90 percent of the global urea produced is employed in the production of nitrogen-release fertilizer. Other industrial uses are as a non-corroding substitute to rock salt used for de-icing and in the resurfacing of snowboarding half pipes and terrain parks, an important ingredient in animal feed, offering a comparatively cheap nitrogen source to encourage development, and also in explosives.

Key Players:

  • QAFCO or Qatar Fertiliser Company
  • Yara International ASA
  • Koch Fertilizer, LLC
  • OCI N.V.
  • CF Industries Holdings, Inc.
  • EuroChem Group AG
  • PotashCorp
  • China National Petroleum Corporation
  • Ruixing Group Co., Ltd
  • Luxi Chemical Group Co., Ltd.
  • Shandong Hualu-Hengsheng Chemical Co., Ltd.
  • Sichuan Lutianhua Co., Ltd. (Lutianhua)

News & Recent Development

  • April 14, 2023: The prices for urea are consistently falling globally because of the lack of key markets as European prices continue to be under USD 500/MT and Middle East FOB stages are continuously going below USD 300/MT. Since India will not enter the worldwide market with a tender till June this year, it will add pressure on prices in the upcoming months prior to the announcement of the tender.

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