Ammonia Prices, markets & analysis
ICIS price reporting for regional Ammonia markets is unparalleled in its ability to keep you on top of the information you need.
Our network of price reporters delivers direct and regular insights into the local markets they work in.
That means you can track fluctuations and developments as they happen and gain a clear understanding of the factors driving prices.
Use ICIS information to:
- Inform your internal data models
- Substantiate your position in negotiations
- Set terms for settlements and contracts
Ammonia – Europe Transcript
ICIS reports on Ammonia on a global basis, with reports in Europe, Asia and the US.
At the same time, unlike our competitors we are able to draw on global resources in London, Huston, Singapore and Shanghai.
In Europe, we report on the key benchmark using the FOB spot price and also includes CFR prices for Africa and North West Europe.
In the Asia section we have CFR prices for India, Taiwan and Korea.
Throughout the week we speak to a wide range of people including producers, consumers and traders in order to obtain a broad range of accurate information for our subscribers.
All of our reporting is backed up by strong methodology.
Ammonia news and market information products from ICIS
We offer the following regional Ammonia coverage to keep you informed of factors and developments affecting prices in the Asia & Europe Ammonia marketplace.
Price Reporting – More information about the price reports we publish on Ammonia
Independent price assessments and market coverage
Price History – More information about the historical price data we publish on Gas
Track historical price data
Other types of reports we cover for Ammonia
Use margin reports to assess the profitability of commodities
News & analysis
News & Analysis - News & market analysis specifically relating to Ammonia
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Prices for ammonia in Asia started 2014 in the low $500s/tonne CFR (cost & freight) before dipping below the $500/tonne mark during February, when a number of spot cargoes became available and Iran was allowed to return to the export market.
Prices rebounded in March, tracking higher values in the US market and also as a result of the end of discounted Russian natural gas for Ukrainian producers that set the international benchmark.
Regular contract deliveries kept the market ticking throughout the first few weeks and once Lunar New Year celebrations had finished, more spot activity and tenders took place.
Downstream, a weak caprolactam (capro) market saw ammonia volumes decrease for some buyers and there was heavy maintenance schedule in capro and acrylonitrile (ACN) plants.
Better market conditions for suppliers prompted Indonesian producer Kaltim Parna Industri (KPI) to restart production at its Bontang plant after a mid-2013 shutdown. The producer then promptly sold several cargoes to international trader Transammonia (Trammo).
Towards the end of the quarter, Australia’s CSBP brought on line its new ammonium nitrate (AN) and nitric acid facility near Perth.
Updated to Q1 2014
The benchmark Black Sea ammonia price rose steadily during the first quarter before jumping sharply to $500/tonne FOB (free on board) in late March for April cargoes on an uptick in demand and concerns over the region’s tense geopolitical situation.
Entering 2014, prices stayed in the $416-440/tonne FOB Yuzhny range due to soft US demand and an oversupply situation in the Caribbean. The bearish tone continued into February when the Black Sea price slipped to $412/tonne FOB.
With Algerian ammonia availability restricted by export licence issues and a balanced supply/demand situation in the Arabian Gulf – despite the usual flow of cargoes moving to India, South Korea and Taiwan – little price pressure was seen.
However, tensions over the Crimea situation were compounded by Gazprom’s decision to terminate the 30% discount on gas deliveries to the Ukraine from early April. With speculation sanctions could squeeze supply, spooked buyers jostled for cargoes and decided to secure volumes, meaning prices quickly climbed from $40-50/tonne to $485-500/tonne FOB.
As a result, the Tampa price was settled by Yara at $580/tonne CFR (cost & freight) for April – up $120/tonne from March – in a move that restored the usual $75/tonne price difference between Yuzhny and Tampa.
Updated to Q1 2014
EXW prices for 55% powdered MAP rose from CNY1,800/tonne to CNY1,850/tonne from mid-August to September but fell back to CNY1,800/tonne in October and then stayed at the level in November.
The price increase for MAP from mid-August to September was mainly because of increased demand following the start of the autumn production season of compound fertilizers. However, from October, weakened demand after the autumn application ended dragged down MAP EXW prices by CNY50/tonne to CNY1,800/tonne.
Although the winter buying season arrived in November, MAP EXW prices remained largely flat at CNY1,800/tonne as low operating rates at compound fertilizer plants dampened demand for MAP.
EXW prices for 64% DAP fell from CNY2,500/tonne to CNY2,250/tonne from mid-August to the end of September and dropped further to CNY2,200/tonne in November.
The autumn buying season came after mid-August. However, DAP inventories piled up at domestic ports due to slow demand from India amid the bearish export conditions. Export prices dropped sharply as a result, undermining domestic distributors’ confidence in the market. Their cautious buying dragged down DAP EXW prices.
Demand for autumn application came to an end in October and the low export tax window was also closed. However, limited profits and increased prices for feedstock only led to slight declines in DAP EXW prices in November.
Updated to mid-November 2013
ICIS reports on ammonia on a global basis, with reports in Europe, Asia and the US. At the same time, we are able to draw on global resources in London, Houston (Texas), Singapore and Shanghai.
In Europe, we report on the key benchmark using the free on board (FOB) Yuzhny spot price and also include cost & freight (CFR) prices for north Africa and northwest Europe (NWE).
In the Asia section, we have CFR prices for India, Taiwan and Korea. Throughout the week, we speak to a wide range of people – including producers, consumers and traders – in order to obtain a broad range of accurate information for our subscribers. All of our reporting is backed up by a strong methodology.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Ammonia. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
Our time series of pricing data enables you to build and model trends, to get a view of where markets might be heading. The data service includes charting functionality, allowing you to chart and download multiple data series for manipulation in your own internal models. You can also export data to Excel via the ICIS dashboard service.
ICIS launches Global Ammonia Markets General Methodology Consultation more >>
ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Ammonia, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.