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 Q4 2019
With turnaround season in most key producer regions like the Arabian Gulf and southeast Asia now over, some length should return to the market from October given the fundamental oversupply in the international arena. That picture could soon change if tensions in the Middle East heighten, not only from a production angle, but from higher freight rates due to insurance hikes, and a possible reluctance from tanker owners to send vessels to the region.
China is seen as they key magnet for merchant ammonia given the lack of spot interest to date from major buyers in India, Taiwan and South Korea. Participants in the latter will shortly sign supply contracts for 2020, with LFC seeking around 750,000 tonnes under contract, and compatriot Namhae around 520,000 tonnes from long-term partners. Based on previous years, the names of successful suppliers should emerge by the end of October, or early November.
With no plant shutdowns scheduled, the only uncertainty is the H2 September unplanned outage of Nutrien’s No 4 plant in Trinidad. Deliveries to Antwerp could be affected as a restart date is unclear and there is imminent scheduled maintenance at two other Caribbean plants belonging to the Canadian major. Any such deficit could be offset by greater availability from Algeria, if Fertial or Sorfert ramp up output.
Spot demand is seen as normal for the final quarter of the year. However, Yara may make further moves into the market for cargoes for downstream units across northwest Europe, or in Italy. With relatively bullish conditions for October, no spot enquiries have yet been heard from BASF or Lanxess for discharge in Belgium. Poland’s Grupa Azoty was active in the spot market in Q3, and may require more material at Police.
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.
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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).
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