North America Urea Prices Movement Q4
Urea Prices in USA:
Product | Category | Price |
Urea | Bulk Chemical and Fertilizer | 470 USD/MT |
In the U.S., urea prices dropped to 470 USD per metric ton in the fourth quarter of 2023, driven by moderate demand and logistical challenges. Water shortages led to cautious purchasing, resulting in shipping delays and increased inventory levels. This price trend highlights the influence of a steady domestic fertilizer market and export challenges, which contributed to potential oversupply conditions.
Urea Prices in China:
Product | Category | Price |
Urea | Bulk Chemical and Fertilizer | 350 USD/MT |
In China, the price trend of urea in the fourth quarter of 2023 settled at 350 USD per metric ton, showing a complex pattern over the period. At the start of the quarter, prices fell due to an oversupply in the market and weak demand. This surplus was mainly caused by a halt in fertilizer exports. However, as the quarter progressed, prices began to rise because production costs increased, driven by higher feedstock prices. Logistical challenges also played a role in shaping the price trend. Rerouted shipping lanes, implemented to address security concerns, led to higher freight charges. Despite these fluctuations, overall demand in China’s large fertilizer industry remained relatively weak after the peak planting season had passed.
Urea Prices in Europe:
Product | Category | Price |
Urea | Bulk Chemical and Fertilizer | 410 USD/MT |
In Europe, the price trend of urea in the last quarter of 2023 was 410 USD per metric ton, reflecting a mixed performance. Early in the quarter, prices rose sharply due to a shortage of supply caused by production cutbacks and the shutdown of facilities by major producers. This upward trend, however, didn’t last long. Later in the quarter, prices started to decline as demand in the European market weakened. This drop was further influenced by trade uncertainties and unfavorable weather conditions, which discouraged buying. Additionally, low expectations for demand in the upcoming planting season contributed to reduced purchasing activity, reinforcing the downward trend in prices.
How IMARC Pricing Database Can Help
The latest IMARC Group study, “Urea Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition,” presents a detailed analysis of Urea price trend, offering key insights into global Urea market dynamics. This report includes comprehensive price charts, which trace historical data and highlights major shifts in the market.
The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Urea demand, illustrating how consumer behavior and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the prices report uncovers critical factors influencing current and future prices.
Request to Get the Sample Report: https://www.imarcgroup.com/urea-pricing-report/requestsample
Key Features:
Key Attributes | Details |
Product Name | Urea |
Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Urea Price Analysis, and Segment-Wise Assessment. |
Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
Information Covered for Key Suppliers | · Company Overview · Business Description · Recent Trends and Developments |
Customization Scope | The report can be customized as per the requirements of the customer |
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include a thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape, and benchmarking analyses, pricing and cost research, and procurement research.
Contact us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No: (D) +91 120 433 0800
United State: +1-631-791-1145
