During the first quarter of 2023, steadily declining raw material prices had an effect on the Urea Prices in the North American region. The early year fall in Natural Gas prices led to low feedstock Ammonia prices, which resulted in an oversupply of downstream sectors and consumers. Prices in the regional market have decreased because of diminishing demand and a decrease in offtakes close to the end of the quarter. US urea prices for the month of March rose to USD 420 per tonne FOB Illinois after falling in the first half of the quarter. A sole bright spot in the Urea market this week was seasonally adjusted as demand in NOLA (New Orleans and Louisiana), US, recovered, which caused prices FOB barge per tonne to increase from roughly USD 310/MT FOB early this week as high as USD 357/MT. However, this rise is believed to be temporary due to increased Urea supplies from arriving overseas vessels.For more informationE-Mail:- [email protected]:- httpswww.chemanalyst.com/Pricing-data/urea-1190Contact No:- +13322586602