The Outlook Ammonia Prices, markets & analysis
ICIS pricing also provides authoritative price forecasts for the fertilizer industry. The Outlook offers:
Individual monthly reports on ammonia, nitrogen and phosphates
Price forecasts for the coming 12 months
Full and detailed analysis of the supply/demand outlook
All major supply areas and markets covered
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The Outlook Ammonia: Market overview
Updated to Q3 2014
While the global ammonia market remains relatively quiet heading into second half July, a more bullish tone continues to emerge west of Suez amid plant issues in several countries and the imminent US refill season, which is expected to see large volumes move to North America.
Overall, sentiment suggests prices are unlikely to slip much further and major buyers like Trammo and Koch were locked in talks with suppliers in the Black Sea, Arabian Gulf and Asia in mid-July over potential spot purchases for August.
Scheduled and unplanned plant maintenance and shutdowns in Trinidad, Egypt, Algeria, Indonesia and Australia could combine to squeeze supply over the coming weeks and months and underpin producers’ higher price ideas moving in to the fourth quarter.
Contract prices for ammonia buyers in Korea and Taiwan continue to fall and a further slide is expected for imminent discharges, illustrating the disconnect in ammonia prices between the regions of Asia, Europe and the US.
News & analysis
The Outlook Ammonia news & analysis
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.
The Outlook Methodology
About The Outlook Ammonia
Ammonia is one of the main sources of nitrogen in fertilisers, as it contains 82% of nitrogen (N), which is essential for the life of plants. Ammonia (NH3) is produced through a chemical reaction (electrolysis). Most of the world’s ammonia production is based on the Haber-Bosch process which was developed by BASF in 1910.
It involves the reaction of hydrogen and nitrogen in the presence of a catalyst under high temperatures and pressures. The hydrogen is usually obtained by the steam reforming of natural gas (methane) but can also be made from the partial oxidation of naphtha and the gasification of coal. The nitrogen is usually obtained by the liquefaction of air.
This reaction requires a large amount of energy and, nowadays, this is provided mainly in the form of natural gas, as it is the most economic, but there are still some ammonia plants, for example in China and Japan, which operate based on naphtha and coal.
Since the 1970s, the production of ammonia, which was born in Europe, has gradually migrated to countries rich in cheap natural gas, such as Russia, Ukraine, Trinidad, Libya, Algeria, Egypt, the Arab Gulf and Indonesia .