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Urea is a primary nitrogenous compound, that is also referred to as carbamide. It has a carbonyl group linked to amine groups and an osmotic diuretic action.
It is produced from ammonia in the liver either through the cycle or as a by-product of protein synthesis. It decomposes before boiling and has a melting point of 132.7° C (271° F). It has a chemical formula of CH4N20.
It is a toxic and naturally occurring molecule that is found in mammalian urine, milk, blood, bile, and perspiration.
Russia, Egypt, Qatar, China, and Saudi Arabia are the leading nations in the market of Urea.
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, 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:
The main applications of urea include the production of rea-formaldehyde resins, adhesives, and plastics.
Due to its widespread use as a nitrogen-release fertiliser and feed supplement, urea is in great demand. It is also a crucial raw material in the production of plastics.
In addition, it has a wide range of other uses, including as a stabiliser in nitrocellulose explosives, a reagent in lanthanide chemistry, a component of dish soap, a component of high explosives like urea nitrate, a component of personal care products like creams for hair removal and ointments, and a raw material in the production of melamine.
Key Market Players:
- 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 and Events:
- September 26, 2022: Average import urea costs decreased from USD 722 per tonne in May to USD 593 per tonne in August 2022. Despite a 2% increase in sales, urea imports fell by 14% between April and August of this year, and over 60% of the budget for fertiliser subsidies has already been spent.
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Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team track the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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