Urea Prices, markets & analysis
China has emerged as a major producer and exporter of urea in recent years. Access to reliable information about China’s domestic urea market is vital to be able to anticipate how developments can affect your business.
ICIS coverage of the China urea market, gives you a complete supply-and-demand picture for China and insight into its urea exports.
Use ICIS information to:
- Obtain weekly urea price movements in China
- Understand China’s urea domestic and export market situation
- Plan your trades to optimise your margins
- Negotiate urea prices with confidence
Urea China Transcript
ICIS produces a weekly China Urea report which provides accurate and respected assessments on the key China market.
Quotes for FOB export prices as well as domestic spot-market prices are included in the report.
Price assessments are generated after conversations with a wide range of buyers and sellers in the market to ensure a balanced and accurate view.
On the supply side, the report tracks the activities of urea factories , whereas downstream, the report looks at the domestic agricultural sector and a number of related urea markets to get a clear view of demand drivers.
Beside supply and demand, China’s macro-economic policy also influences the market.
The report captures data on export tariffs, domestic policy regarding key feeds in urea production such as electricity, coal and gas, which can also influence pricing. The report is valued by subscribers because it gives a clear window on the market situation in this important market and allows for more effective business planning.
Urea news and market information products from ICIS
We offer the following regional Urea coverage to keep you informed of factors and developments affecting prices in the China Urea marketplace.
Price Reporting – More information about the price reports we publish on Urea
Independent price assessments and market coverage
Price History – More information about the historical price data we publish on Gas
Track historical price data
News & analysis
News & Analysis - News & market analysis specifically relating to Urea
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Updated to Q3 2014
Domestic urea prices largely stabilised in July amid modest trade due to weakening demand from the downstream compound fertilizer industry. However, prices in Shandong, Jiangsu, Anhui and Henan rose slightly as the summer application season arrived. In addition, market players were more optimistic about July since the low export tax window for urea opened, with the tariff at yuan (CNY) 40/tone. Market focus was on the close of India’s purchasing tender for prilled urea on 16 July. But the tender was purchased limited volumes given the resistance among Chinese urea producers and some traders against the low bid from the Indian buyer.
Urea prices increased in August in most regions of China, and surged in some areas on the back of rising export prices and slightly higher operating rates at downstream compound fertilizer plants. Most urea producers delivered their cargoes to the ports for exporting or sold their products to industrial buyers. Domestic suppliers remained optimistic about the exports, considering supply shortages in the international market.
Domestic prices fell in September, citing limited transactions in both domestic and export markets. Some producers slashed their prices and focused on fulfilling their previous orders as limited fresh deals were made. India was announced a new purchasing tender in the middle of this month, and to date, the company had successfully purchased around 1.8m tonnes of urea. Meanwhile, Pakistan would release a purchasing tender in the coming month. Both reasons give some support to the domestic urea market in the short term. However, a low-tax window would be closed later in the China’s export market, affecting the export trades. As a result, the domestic prices are expected to fluctuate downwards after the export trades turns limited.
The ICIS weekly China urea report offers timely and in-depth China urea domestic and export market data, including price assessments, trade activities and analysis on China’s current and upcoming export availability.
The information in this report is used by buyers of China urea to support their trade negotiations and by international producers to anticipate where prices are heading.
The report combines ICIS’ international expertise in the global market and local knowledge from the ICIS China fertilizer team, based in Shanghai. It uses the robust ICIS methodology that is recognised by the global market.
What the report covers
- - Domestic supply and product data, including operating rates, the current supply availability in China and upcoming changes
- - China urea price assessments
- - Analysis on domestic price movements and price drivers
- - China’s urea inventory situation, including the inventories at bonded warehouses
- - Analysis of the China domestic urea market and its bearing on export availability and prices
- - Current and upcoming plant shutdowns
- - China’s domestic and export market outlook, with an explanation of driving factors, export availability and prices
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Urea. 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 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.
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 Urea, 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.