The ICIS weekly Urea reports are covered in China, Europe and the US as well as globally in The Market report. For China, there is an extensive coverage of export, ex-works and ex-warehouse prices, and the Europe report concentrates on spot prilled and granular grades in Yuzhny, Baltic, Middle East and northwest Europe, while the US has spot quotes for the US Gulf and Arab Gulf. All these prices assessments are supported by an independent market commentary that includes details of production news, exports, regional updates, demand and supply and any other key influencing factors. This reliable market intelligence can help you to make informed commercial choices.
ICIS Urea overview
Urea is a key nitrogen fertilizer and a truly global product. Its price is extremely volatile and the product is highly traded and can see dramatic price swings on a regular basis, because of this, the accurate prices provided by ICIS are key to the market.
The key feedstock is natural gas via ammonia. Urea also has important relationships with crop prices such as wheat and corn.
Urea can also be used in the industrial sector to make UF resins, to make melamine; to make adhesives and paints. And for laminates, moulding compounds, paper and textiles.
Urea occurs as white crystals which absorb water. These are either odourless or have a slight smell of ammonia. Urea is not considered to be harmful at normal temperature, but the dust may irritate the skin, eyes and nose.
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Urea news and market information products from ICIS
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Urea: Market overview
Updated to Q4 2016
Urea prices are expected to stay stable until the first half of November as suppliers in most regions are committed until then. At the start of Q4, urea prices were higher on short covering in Europe and Turkey, a pick up in Brazilian demand, a major import tender from India, turnarounds in Yuzhny, Russia, and the Arab Gulf as well as lower operating rates in China.
The outlook for December is uncertain with European buyers yet to resume purchases and expectations that India may delay future import tenders. Production in Yuzhny will also be back to normal.
In the US, the focus will remain on the start of commercial production at new urea plants. OCI’s Iowa Fertilizer Company (IFCo) is in the final phase of commissioning although there is talk the company will miss its fall deadline. CF Industries’ Port Neal facility is widely expected to start operating in Q1 2017.
In Malaysia, PETRONAS expects to achieve commercial urea operations at its 1.2m-tonne/year SAMUR plant before the end of this year.
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Urea news & analysis
ICIS launches Global Urea 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.
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Urea occurs as white hygroscopic crystals, which are either odourless or have a slight smell of ammonia. Urea is not considered to be harmful at normal temperature, but the dust may irritate the skin, eyes and nose.
The major outlet for urea, accounting for nearly 90% of total consumption, is as a fertilizer. Urea is also used in the manufacture of urea-formaldehyde resins, the synthesis of melamine, in adhesives and paints, and for laminates, moulding compounds, impregnating paper and textiles.
Urea is widely traded on international fertilizer markets. There are two main hubs in urea trade – the Black Sea and Arab Gulf. These flows are said to determine the global urea prices.
Urea production involves a two step process where the ammonia and carbon dioxide react to form ammonium carbamate which is then dehydrated to urea. In the process, ammonia and carbon dioxide are fed to the synthesis reactor which operates around 180-210oC and 150 bar pressure.