Nitrogen price November 2024 and outlook (see chart below)
- North America:US$0.1/KG, unchanged
- Europe:US$0.17/KG, 6.3% up
Nitrogen price index
This post is a summary of the Nitrogen price developments. The price developments of Nitrogen are expressed in US$ prices converted FX rates applicable at the time when the price was valid. Nitrogen price index developments are calculated from multiple separate sources of data to ensure statistical accuracy.
The outlook for Nitrogen prices is generated from different inputs including:
- Very recent price developments of immediate cost drivers of Nitrogen prices
- Recent price developments of underlying feedstocks which drive the price of Nitrogen
- Market futures for both cost drives and feedstocks of Nitrogen prices
- Adjustment of current supply/demand imbalances in the Nitrogen market
- Longer term trends in likely demand conditions
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