Urea, chemically expressed as H2NCONH2 or carbamide, serves various essential purposes. Primarily recognized as a fertilizer and feed supplement, it also serves as a foundational element in the creation of plastics and pharmaceuticals. Its physical properties include being a clear, crystalline substance that liquefies at 132.7°C (271°F) and decomposes before reaching its boiling point.
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This compound stands as the primary nitrogenous byproduct resulting from the breakdown of proteins in mammals and certain fish species. Its presence extends across mammalian bodily fluids like urine, blood, bile, milk, and sweat. Large-scale production of urea involves combining liquid ammonia with liquid carbon dioxide, commonly used in the creation of blended fertilizers.
Major exporters of urea include Russia, China, Oman, Qatar, and Saudi Arabia, while key importers encompass 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 trends, 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.
Industrial Uses Impacting Urea Price Trend:
Urea serves as a fundamental ingredient in creating various chemicals, including a diverse range of plastics, urea-formaldehyde resins, and adhesives. Its significance extends to being a vital component in producing feedstock, glue, fertilizer, commercial items, and resins. The majority—over 90 percent—of globally produced urea is dedicated to manufacturing nitrogen-release fertilizers. Moreover, it finds industrial applications as a non-corrosive alternative to rock salt for de-icing purposes and in snowboarding half pipes and terrain parks. Additionally, urea plays a crucial role in animal feed as an economical nitrogen source that fosters growth and is utilized in the creation of explosives.
- QAFCO or Qatar Fertiliser Company
- Yara International ASA
- Koch Fertilizer, LLC
- OCI N.V.
- CF Industries Holdings, Inc.
- EuroChem Group AG
- 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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