Ammonia Prices, markets & analysis
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.
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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.
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Updated to Q3 2015
In a scene repeated in other parts of the world, ammonia prices in Korea and Taiwan remained flat during the third quarter, with little movement registered, although prices did finally start to climb at the end of the 13-week period.
Contract cargoes to Taiwanese buyers such as CPDC, TFC and Formosa stayed in the $440-450/tonne CFR (cost & freight) range for the majority of the quarter, with prices slightly higher for Korean purchasers SFC and Namhae.
Supply and demand remained balanced even when SABIC suffered an unplanned ammonia plant shutdown, closely followed by a scheduled 40-day shutdown of the Saudi firm’s largest ammonia plant in Al-Jubail.
This was reflected in several spot sales of Australian cargoes by Yara and two sales tenders from Indonesia’s Pupuk Kaltim, meaning that buyers had options other than simply relying on manufacturers in the Gulf.
Prices started to climb slowly towards $500/tonne CFR Korea/Taiwan in the second half of September, although this only put them in the expected range, given the slow upward trend in Middle East prices.
Updated to Q3 2015
Little price movement was seen in the European ammonia market during the July to September period, with the Yuzhny FOB (free on board) price stubbornly hovering just below the $400/tonne threshold.
Koch secured a 40,000-tonne cargo from Ukrainian producer OPZ at around $380-390/tonne FOB for July loading in Black Sea, and prices remained at around that level for the next three months.
Algerian producers Sorfert and Fertial both experienced temporary production problems over the summer, with Turkish supplier Gemlik helping to ease buyers’ nerves through the sale of spot cargoes to companies such as Yara.
In late July, Koch and Ameropa agreed a fresh deal for 40,000 tonnes for late August loading in Yuzhny. Further north, Trammo bought 23,000 tonnes from Uralchem for early August lifting.
OPZ shut down one of its two ammonia lines on 25 August for scheduled maintenance, although the other ammonia unit and both urea lines were halted in September for a week due to gas supply issues.
By the end of the quarter, prices remained slightly below $400/tonne FOB as demand from the US had yet to emerge and planned natural gas curtailments in key exporter Trinidad failed to materialise, meaning the US Gulf was oversupplied.
Updated to Q2 2015
The domestic ammonium phosphate market received support from the export market from April to June, as the low demand season continued.
Export demand offset the end of the domestic demand season in April, which tempered the fall in domestic prices. In May, large-volume export orders pushed up granular monoammonium phosphate (MAP) export prices from $355/tonne FOB to above $370/tonne FOB. Selling ideas for large and medium-sized diammonium phosphate (DAP) producers firmed at $465/tonne FOB. In addition, the cancellation of favourable electricity prices for fertilizer producers lifted production costs, which gave the incentive for ammonium phosphate producers to firm their prices. However, from mid-to-late June, limited new orders for DAP slightly pulled down discussion levels. Export prices of some small and medium-sized DAP producers were no higher than $465/tonne FOB. Domestic MAP prices were largely stable on modest demand from the compound fertilizer producers as the autumn purchase season arrived earlier.
Supply tightened slightly as many ammonium phosphate producers conducted maintenance in April-May and this also supported the domestic market. The next turnaround season will arrive in October-November before the peak winter buying period.
At the end of June, most ammonium phosphate producers said that the market would unlikely regain steam in the near term. However, most of them have received enough orders for production until the end of July to prepare for the autumn buying starting from mid-August. Hence, they are mostly expecting prices to remain largely flat, with little downside potential.
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.