Urea Prices, Trends & Forecasts | Provided by Procurement Resource

Urea or carbamide (H2NCONH2) is a colourless, odourless crystalline substance that has no physiological function. It is a waste product produced by the metabolic breakdown of all mammals and aquatics. It is the diamide of carbonic acid and is naturally present in the bile, urine, blood, milk and perspiration. The substance is an organic compound with solubility in water. It is non-toxic and non-combustible.

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The leading exporters of Urea include Russia, China, Oman, Qatar, and Saudi Arabia, while the commodity's biggest 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 chart, 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:

The demand for Urea mainly comes from the agriculture sector due to the product's wide usage as a nitrogen-release fertilizer and a feed supplement. Furthermore, it is employed in various other applications, including as a starting material used to make drugs and plastics; as a reagent in lanthanide chemistry; as a stabilizer in nitrocellulose explosives; in the production of high explosives like urea nitrate; to make melamine; as a dish-soap ingredient; in personal care items such as hair removal creams and ointments. Hence its broad application range is propelling its demand forward.

Key Players:

QAFCO or Qatar Fertiliser Company
Yara International ASA
Koch Fertilizer, LLC
SABIC, OCI N.V.
CF Industries Holdings, Inc.
EuroChem Group AG
OSTCHEM
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

March 28th 2023- Up until March 24th, the current financial year, India imported 74.86 lakh tonnes of urea.

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This release was published on openPR.