Urea Phosphate Price Trend and Forecast
Get the latest insights on price movement and trend analysis of Urea Phosphate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Urea Phosphate Price Trend for Q1 of 2024
In the Asian region during Q1'24, urea phosphate market trends were largely stable, with minor downward tilts. In India and China, supply and demand dynamics were balanced, although the downstream consumption was underwhelming. In the early winter months, the agriculture sector was unable to do much for the downstream sectors. Therefore, the prices began on a slightly weaker note. However, the demands picked up in the latter phase of Q1'24.
Urea Phosphate Price Chart
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In Europe, the urea phosphate market presented a mixed performance throughout the first quarter of 2024. While sanctions on Russian exports disrupted the supply side, lackluster demand across most markets mitigated significant price shifts. Australian imports provided some positive influence, but geopolitical tensions, including missile attacks on shipments by Houthi rebels in the Red Sea, shaped market dynamics.
Meanwhile, in North America, urea phosphate market trends mirrored those in Asia and Europe with stable yet slightly declining conditions compared to the previous year. Increased corn production and a shift towards more soybean acreage impacted demand for urea phosphate.
As spring approached, an anticipated rise in urea phosphate imports was noted. Despite ongoing conflicts, urea phosphate production mostly remained stable. Demand was expected to see a slight increase, yet the low-profit expectations from crop sales and overall mild depression in the agricultural sector constrained significant market growth.
Analyst Insight
According to Procurement Resource, the Urea Phosphate markets are anticipated to remain steady in early 2024, and regional supplies are normal; however, the ocean freight disturbances are likely to greatly impact international trade.
Procurement Resource provides latest prices of Urea Phosphate. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Urea phosphate is a chemical compound that serves multiple roles across various industries. It's primarily used as a high-quality fertilizer providing essential nitrogen and phosphorus to plants, enhancing growth and root development. Additionally, it finds applications in animal feed, metal finishing, and as a cleaning agent. Urea phosphate also acts as a pH buffer in industrial processes and is used in dentistry for its cleaning properties. Its role in flame retardants further highlights its versatility in industrial and agricultural sectors.
Report Features | Details |
Product Name | Urea Phosphate |
Chemical Formula | CH7N2O5P |
CAS Number | 4861-19-2 |
Industrial Uses | Fertilizers, Animal Feed, Flame Retardants, Cleaning Agents Metal Finishing, Dentistry |
Molecular Weight | 158.050 g/mol |
HS Code | 3105 |
Supplier Database | CF Industries Holdings, Inc., Nutrien Ltd., OCI NV, SABIC Agri-Nutrients Co., Yara International ASA |
Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
Currency | US$ (Data can also be provided in local currency) |
Supplier Database Availability | Yes |
Customization Scope | The report can be customized as per the requirements of the customer |
Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
The synthesis begins with the chemical reaction between urea and phosphoric acid. The reaction of the two compounds results in the production of urea phosphate, a chemical fertilizer as the end product.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e., government agencies, external trade bodies, and industry publications).
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