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 Q2 2020
With the return to operation of Yara’s large Australian plant in mid-March after a four-month shutdown, the Norwegian major will no longer need to secure material from third parties. No manufacturers in southeast Asia or the Middle East have announced scheduled turnarounds yet for the 13-week reporting period, although firming urea prices could persuade some producers to favour urea output over ammonia operations. Higher freight rates mean few, if any, cargoes will arrive from Trinidad.
Like the rest of the world, the region is still assessing the impact of the coronavirus on industrial and agricultural activities. Forced shutdowns of plants and civil lockdowns that prevent workers from physically accessing downstream fertilizer and chemicals plants and offices mean demand will be subdued. Major buyers in South Korea and Taiwan have cut rates at chemicals plants, with similar capacity cuts seen in India, meaning spot sellers may need to cut price targets.
With no major plant turnarounds confirmed at producers that export material from the Black Sea or Baltic, little change is expected in supply volume from either region. With governments in many countries imposing restrictions on large gatherings of people due to the coronavirus, many manufacturers may be unable to proceed with planned maintenance due to the large numbers of employees and contractors involved in such projects. Yara and Nutrien will likely move their usual cargoes from Trinidad during the quarter.
With the financial impact of the coronavirus unclear at the start of the quarter, many companies have yet to confirm how they will handle the situation. Manufacturers of chemicals and industrial users are expected to reduce capacity due to the bearish conditions in certain markets. Such a move could displace some cargoes, but with fertilizer demand yet to see much impact from the outbreak, market players may not be hit as much as non-fertilizer commodities counterparts.
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:
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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.
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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.
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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.
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.
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