June 2023 saw a significant decrease in the Black Sea Urea Price, reaching US $287.5 per ton, down 12.7% from May 2023. Year-on-year, the decline is even more pronounced at 58.3% compared to June 2022. Similarly, the US DAP Spot Price in the Gulf region for June 2023 experienced a noticeable drop of 10.8% from May 2023 and a significant 42% decrease compared to June 2022. In contrast, Morocco Rock Phosphate prices remained relatively stable at US $344.5 per ton in June 2023, with a modest increase of 19.8% from the same month last year. Additionally, the Henry Hub Natural Gas price surged by 27.6% from May 2023 but remained substantially lower, down 59%, in comparison to June 2022 prices.
Black Sea Urea Price Report: June 2023 Updates and Analysis
The Black Sea Urea Price for June 2023 is recorded at US $287.5 per ton, indicating a significant decrease of 12.7% compared to May 2023 when prices stood at US $329.25 per ton. Furthermore, in a year-on-year analysis, June 2023 prices exhibit a substantial decline of 58.3% when compared to June 2022 figures of US $690 per ton. These price fluctuations highlight the current downward trend in the Black Sea Urea market, emphasizing a notable reduction in market value and affordability for buyers within the industry.
US (Gulf) DAP Price Report: June 2023 Updates and Analysis
The US (Gulf) DAP (Diammonium Phosphate) Spot Price for June 2023 is recorded at US $454.5 per ton, reflecting a noticeable decline of 10.8% compared to May 2023 when prices were at US $510 per ton. Moreover, in a year-on-year comparison, June 2023 prices stand significantly lower, showing a substantial drop of 42% from June 2022 figures of US $783.7 per ton. These price variations underscore the current downward trend in the global DAP market, highlighting the decreased market value and potential affordability for buyers in the industry.
Morocco Rock Phosphate Price Report: June 2023 Updates and Analysis
The price of Morocco Rock Phosphate for June 2023 remains relatively stable, standing at US $344.5 per ton, nearly unchanged from the previous month. However, compared to the same month last year (June 2022) when prices were at US $287.5 per ton, there has been a noticeable increase of 19.8%. This upward trend indicates a continued upward trajectory in the market for Morocco Rock Phosphate, highlighting its growing value and demand within the industry.
Henry Hub Natural Gas Spot Price Report: June 2023 Updates and Analysis
The Henry Hub Natural Gas price for June 2023 stands at US $2.68 per MMBTu, marking a significant increase of 27.6% compared to May 2023 when prices were at US $2.1 per MMBTu. However, despite this recent uptick, June’s prices are still considerably lower, experiencing a notable decline of 59%, compared to the same month last year (June 2022), when prices reached US $6.54 per MMBTu.
