Posted by Urea, also known as carbamide (H2NCONH2), is a clear, scentless crystalline substance lacking a specific biological role. It emerges as a waste product from the metabolic breakdown in all mammals and aquatic organisms. As the diamide of carbonic acid, it naturally occurs in bile, urine, blood, milk, and sweat. This organic compound dissolves readily in water, displaying non-toxic and non-flammable properties.
Key global exporters of Urea encompass Russia, China, Oman, Qatar, and Saudi Arabia, while primary importers of this commodity include India, Brazil, the United States, Australia, and Turkey.
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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:
The primary driver behind the demand for Urea originates from agriculture, thanks to its extensive use as a nitrogen-releasing fertilizer and a feed additive. Moreover, its utility spans across multiple sectors: serving as a foundational element in drug and plastic manufacturing, playing a role in lanthanide chemistry as a reagent, stabilizing nitrocellulose explosives, contributing to the creation of powerful explosives like urea nitrate, producing substances like melamine, acting as a key ingredient in dish soaps, and finding application in personal care items such as hair removal creams and ointments. Consequently, its wide array of uses is fueling the increasing demand for this versatile compound.
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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