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 Q1 2015
Domestic urea prices were stable-to-softer in early January. Persistently weak demand triggered slight price falls in some regions. As agricultural distributors remained on the sidelines, urea products were mostly sold to industrial buyers or delivered to the ports for exporting. Export prices for prilled urea edged downwards because of bearish demand in the international market. Export prices for granules were relatively firm on the back of US demand and limited supply in Egypt. The prices were stable-to-higher at the end of January, on the back of the imminent increase in China’s railway freight rates and the purchase tender from India’s MMTC. MMTC closed its urea purchase tender on 27 January, with the lowest offer at $297.1/tonne CFR.
Domestic urea prices were largely stable in early February. The coming increases in railway freight exerted little impact on the domestic market. MMTC’s tender gave some support to domestic prices. Agricultural distributors were still reluctant to build up their stocks. Traders mostly adopted a wait-and-see attitude, despite their overall low inventories. Downstream producers were also suspending their buying in the run-up to the Chinese Lunar New Year, from 18 to 24 February. Urea prices in the domestic market increased slightly after the holiday, along with rising temperatures. Price rises in Shandong and other regions, together with strong agricultural demand and tight supply in some areas, explained why most producers kept their EXW prices firm.
Domestic urea prices fell significantly in March, with the largest decline seen in Shandong, largely because of bearish agricultural demand in the province, local industrial end-users’ persistently thin buying interest and lower purchasing prices. A temporary price rally might emerge in some regional markets after spring buying comes into full swing. Market players are mostly awaiting the new purchase tenders from India and Pakistan.
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.