Urea, also known as carbamide (H2NCONH2), is a colorless, odorless crystalline substance lacking a specific biological purpose. It’s a byproduct of the metabolic breakdown in mammals and aquatic life, formed as the diamide of carbonic acid. Found naturally in bile, urine, blood, milk, and sweat, this organic compound dissolves in water and poses no toxicity or combustibility.
Top exporters of urea encompass Russia, China, Oman, Qatar, and Saudi Arabia. Conversely, major 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 Prices, 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’s primary demand stems from agriculture, where it serves as a crucial nitrogen-releasing fertilizer and feed additive. Beyond farming, its versatile utility extends to diverse domains: from being a foundational element in pharmaceuticals and plastics to playing roles in lanthanide chemistry, stabilizing nitrocellulose explosives, crafting high-power explosives like urea nitrate, producing melamine, and contributing to everyday items like dish soaps, hair removal creams, and ointments in personal care. This extensive spectrum of applications continues to drive its growing demand.
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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