ICIS price reporting for regional Ammonia markets is unparalleled in its ability to keep you on top of the information you need.
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Updated to Q4 2018
A strong performance by the new Panca Amara Utama (PAU) in Indonesia saw exclusive offtake partner Mitsubishi sell several spot cargoes on a FOB and CFR basis. Mitsui and Trammo were among the traders to load their vessels at Luwuk, while Mitsubishi also shipped volume to Taiwan and China. A turnaround at the Kaltim V plant in Indonesia from late November/early December reduced that producer’s export volume, but the impact was negligible given global oversupply.
Spot buyers in Korea and Taiwan concluded very little spot business for late 2018 arrival, although Chinese buyers secured volume for discharge at Zhanjiang and Caojing. India’s FACT was very active as it issued and awarded several purchase tenders to suppliers including CIFC and Muntajat. At least one spot cargo was delivered to Japan amid talk of domestic production issues, and spot parcels were also discharged for CJ in Indonesia and for Philphos in the Philippines.
Ammonia exports from the Black Sea were severely disrupted by weeks of bad weather in the Dardanelles and a new tug boat regime in the Bosphorus, with vessels suffering major delays to/from the Black Sea. With uncertainty over loading schedules, Russian producers reduced pipeline pumping rates, meaning Ameropa was reluctant to commit to spot sales. Trammo and Fertiberia agreed a freight partnership that will see the former use its fleet to deliver Algerian volume to Spain and Portugal.
Few spot deals were seen as the vast majority of buyers in northwest Europe were covered by contract deliveries. Global bearish conditions also deterred spot business, as buyers knew the longer they waited, the better the price. Yara’s operations in Scandinavia received a pair of 25,000 tonne spot cargoes from BASF. The material came from Trinidad via Mitsui as maintenance at one of the Norwegian group’s European plants reduced output for several weeks.
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).
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.
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