ICIS price reporting for regional Ammonia markets is unparalleled in its ability to keep you on top of the information you need.
Our network of price reporters delivers direct and regular insights into the local markets they work in.
Updated to Q3 2019
Market participants are keeping a close eye on increasing political tension in the Middle East amid a hike in war premiums and insurance payments that have bumped up freight rates. While some chemicals producers have already looked at alternative arrangements to move material from the region, no such cost-effective option is in place for ammonia should shipping routes suffer major disruption. No scheduled or unplanned shutdowns are heard from Ma’aden, SABIC, or QAFCO (Muntajat).
Interest in spot cargoes from buyers in India and Taiwan suggests deals will be struck for July and August arrival. Some market players suggested with freight rates climbing for Middle East cargoes, business could be concluded relatively quickly as buyers seek to secure material, rather than risk missing out. With ship owners reluctant to send vessels near the Strait of Hormuz, there is increasing interest in CFR cargoes from the region, rather than FOB volumes.
A month-long turnaround at one of Sorfert Algeria’s two ammonia units from late June means around 70,000 tonnes will be removed from the market during the first few weeks of the quarter. Traders such as Trammo and OCI have turned to producers in Egypt and Trinidad, respectively, to replace some of the lost volume. In the Black Sea, lower pipeline pumping rates to Yuzhny in early July means export availability is rather limited.
Summer turnarounds at ammonia and downstream fertilizer and chemicals plants will reduce demand for the next couple of months, although no major increase in import requirements is expected. Falling natural gas prices mean most groups can produce their own material at figures that are quite competitive compared to foreign volumes. The impact on the regional ammonia market of the Ukrainian government’s ban on imports of all Russian mineral fertilizers from 1 July is unclear.
We offer the following regional Ammonia analysis and news coverage to keep you informed of factors and developments affecting prices in the Asia & Europe Ammonia marketplace.
News & analysis
Regional price assessments, published daily or weekly, enabling you to keep track of trading prices, understand price drivers/fluctuations and set a benchmark for contract price settl ements. ICIS offers reports on over 180 commodities across the global petrochemical, energy and fertilizer markets. Information covered in our price reports includes:
Information is accessed online, via the ICIS dashboard service and is configurable to suit your preferences.
Produced by the ICIS Consulting team, these reports give a robust rolling 12-month price forecast, trade balances and in-depth analysis into where markets are heading – providing a valuable tool to support your short- to medium-term plans.
ICIS pricing intelligence is delivered to you online via the ICIS dashboard. Here you can view your reports and also access other useful services including related news, analysis, historical data and market alerts.
ICIS dashboard also makes it easy for you to create pricing charts, download price history and export data to create tailored analytical models.
ICIS weekly margin reports deliver the detail you need to understand how production costs and prices are affecting margins, enabling you to judge the likely impact on your business and optimise your upstream and downstream business decisions.
The Supply and Demand Window on the ICIS Dashboard provides a snapshot view of historical and forecast information for supply and demand, production capacity and trade flows – a key tool to help safeguard future investments within the chemicals market.
24-hour global coverage of breaking news in the petrochemical industry, including updates on production, shutdowns and key transacted deals, keeping you informed of market developments as they happen. The ICIS news service allows you to customise the market alerts delivered to your email inbox, providing the business-critical information you need straightaway.
If you want to keep updated on the factors driving price movements in the global chemical markets, ICIS Chemical Business provides a summary of the information you need to support your business decisions. Every week, our global team of experts digests and summarises the key issues and their potential impact on the market – all in one magazine.
An expert view of supply and demand comprising four fully-reconciled databases, giving you access to extensive data for more than 100 markets. Information is included on global and regional trade flows, production, capacity and sources of demand in the short-, medium- and long-term. Data can be downloaded, customised and queried to support your planning requirements and your strategic decisions.
ICIS provides specialist training courses across the global petrochemicals, base oils and fertilizers industries. Our training team of industry experts can help you increase your knowledge of the industry and gain the insight and know-how needed to operate and trade effectively.
Find out more about ICIS training courses >>
ICIS produces a series of highly informative and timely conferences. Extensive research is carried out to ensure that each programme delivers the information you need and addresses current industry issues. We source speakers who have the appropriate expertise and experience to deliver excellent quality papers.
Find out more about ICIS conferences >>
Working closely with you to understand your strategies, challenges and ambitions, the ICIS consulting team deliver tailored advice and solutions to suit your unique requirements. With many years’ experience of guiding business leadership teams, we show you how market conditions can make a positive or negative impact on your long-term plans.
ICIS expert consultants can provide your organisation with the insight, intelligence and data needed to build and grow your business in China. We can help you to gain a clear view on the short and long-term supply and demand picture in the chemicals, energy, iron and steel, non-ferrous metals and paper and pulp markets in China.
ICIS launches Global Ammonia 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 Ammonia, 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.
Ammonia is one of the main sources of nitrogen in fertilisers, as it contains 82% of nitrogen (N), which is essential for the life of plants. Ammonia (NH3) is produced through a chemical reaction (electrolysis).
ICIS reports on ammonia on a global basis, with reports in Europe, Asia and the US. At the same time, we are able to draw on global resources in London, Houston (Texas), Singapore and Shanghai.
In Europe, we report on the key benchmark using the free on board (FOB) Yuzhny spot price and also include cost & freight (CFR) prices for north Africa and northwest Europe (NWE).
In the Asia section, we have CFR prices for India, Taiwan and Korea. Throughout the week, we speak to a wide range of people – including producers, consumers and traders – in order to obtain a broad range of accurate information for our subscribers. All of our reporting is backed up by a strong methodology.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Ammonia. 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.
LONDON (ICIS)--How bad have operating conditions become? Slower global economic growth against the backdrop of heightened trade tensions – specifically the US-China trade war and, in western...Read
LONDON (ICIS)--The threat of a global economic slowdown and declining demand have not stopped ethylene cracker margins in Europe from growing over the last year. The market has fallen in favour of...Read
SINGAPORE (ICIS)--The shortage of orthoxylene (OX) feedstock will likely continue to indirectly support the Asian dioctyl phthalate (DOP) market in the near term. Photo: Polyvinyl chloride (PVC) is...Read