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. This will help you understand China’s current and upcoming export availability, which has a direct effect on the international urea market and its prices.
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.
Domestic urea prices in Shandong were at yuan (CNY) 1,580-1,600/tonne EXW (ex-works) in mid-August, but fell to CNY1,530-1,550/tonne EXW in early October, before increasing to CNY1,600-1,620/tonne EXW in mid-November. On an FOB (free on board) basis, prilled urea prices decreased from $285-295/tonne in mid-August to $277-280/tonne in early October, but rose to $315-325/tonne by mid-November.
There was some demand from the industrial sector, as distributors in northeast China were building up stocks. Supply in northwest and southwest China was tight as some units were shut for maintenance, while some producers in Shandong and Hebei were delivering their cargoes to the ports. Most domestic producers were fulfilling their previous orders and had little inventory pressure as a result.
Looking forward, domestic prices are expected to decrease slightly, as producers have found it difficult to sell at high prices. However, producers are optimistic that prices would likely rise, when traders start building up stocks amid the bullish global market. While sales tenders have been issued in Indian and Pakistan, the number of bonded cargoes in China has unable to meet the global demand. As a result, FOB prices will have room to rise, but the uptrend is expected to be limited.
Updated to mid-November 2013
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.
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