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 Q1 2021
Early 2021 spot business included surplus volume in Indonesia sold into India on a CFR basis, and to Trammo on a FOB basis. While Malaysia’s PETRONAS launched scheduled turnarounds at two plants, the impact on export volume was limited due to existing inventory. SABIC’s export availability was boosted by the return to operation of the SAFCO IV unit, although the 20,000 tonnes/month of merchant quantity was lost due to the Ibn Al-Baytar plant shutdown.
Suppliers including traders noted an uptick in spot enquiries from buyers in China for February delivery, although full details have yet to emerge. For the second time in as many months, an Indonesian spot cargo of around 14,000 tonnes was sold into Dafeng, while BASF received a Malaysian parcel at Zhanjiang, and a customer of Mitsui material from Mitsui via PETRONAS. India’s FACT awarded Muntajat a purchase tender for its first delivery of 2021.
The restart of large plants in Algeria and the Caribbean will bring better balance to the market west of Suez after capacity cuts in late 2020 restricted buyers’ supply options. Higher natural gas costs in NW Europe could yet prompt producers to reduce operating rates at their own plants and replace the volume with cheaper material from abroad. Such a trend would likely be short-lived and would cease post-winter when feedstock prices generally fall.
Higher prices in the Baltic and the Black Sea for the first batch of loadings of 2021 suggests short-term demand should remain healthy ahead of the inaugural agricultural applications of the year. The return of normal production performance at Lanxess’ caprolactam complex at Antwerp will see regular import volumes brought to Belgium. In contrast, the restart of Gemlik’s ammonia plant should reduce the Turkish firm’s import requirements after it acquired several spot cargoes during 2020.
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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ICIS launches Global Ammonia Markets General Methodology Consultation more >>
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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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