For clear insight into regional Urea markets, you need in-depth price reports direct from those regions.
That’s why ICIS maintains a network of locally based reporters, providing not just price assessments but market commentary and analysis.
There’s no better way to stay up-to-speed with all the latest information that can make a difference to your business.
Use ICIS information to:
- Follow fluctuations and understand factors driving them
- Input into your own internal analytical models
- Clarify settlements and contracts
- Inform negotiations
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.
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 Europe 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 Q2 2016
It has been a volatile quarter for the global urea market. Prices of urea in most regions have been under pressure given ample supply and lack of demand. With the exception of India, most major importers have been buying on a hand to mouth basis.
Demand in Europe has been missing due to the low season. Any enquiries in northwest Europe were promptly met by Algerian suppliers. Turkish buyers are preferring to buy Egyptian granular urea as against prilled urea from Yuzhny as it is competitively priced.
Chinese prices were stable to firm during the quarter due to domestic demand, which lent some support to suppliers in other regions. In Yuzhny, prilled prices have stayed above $200/tonne FOB as suppliers focused on moving tonnes to India, but fell to below $190/tonne FOB in end-June due to competition from Egyptian suppliers for sales into Turkey and demand being over for India for the time being. Arab Gulf granular urea peaked at $215/tonne FOB in end-April and was trading below $200/tonne FOB in end-June.
Urea is a truly global product, and ICIS covers all the key global benchmark prices including; the free on board (FOB) prilled urea price; the FOB Baltic Sea prilled urea price; and the FOB Arabian Gulf (AG) granular urea price.
Urea is an extremely volatile product. For that reason, the prices provided by ICIS are key for our subscribers, who include producers and suppliers, traders and distributors, as well as consumers. It is this wide variety of people that ICIS speaks to on a daily basis.
Urea has an important relationship with crop prices, such as wheat and corn, and also the key feedstock of natural gas via ammonia. Developments in these markets are covered in the urea report.
The prices provided by ICIS are accurate and timely, and backed up by a solid methodology.
ICIS is able to draw upon global resources from our offices in Houston (Texas), Singapore, Shanghai and London, giving a truly global response to this global market.
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.