For clear insight into regional Urea markets, you need in-depth price reports direct from those regions.
That’s why ICIS maintains a network of locally based reporters, providing not just price assessments but market commentary and analysis.
There’s no better way to stay up-to-speed with all the latest information that can make a difference to your business.
Updated to Q3 2018
There were no problems with the supply of urea to the European market, with product available from Russia and north Africa. Because of the late arrival of spring, warehouses held high levels of inventory but these were soon drawn down.
As is typical during the third quarter, demand eased as farmers focused on harvest rather than application. The heatwave across Europe also meant that demand became less and less as the third quarter progressed.
We offer the following regional Urea coverage to keep you informed of factors and developments affecting prices in the Europe Urea marketplace.
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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.
Over 25 years of reporting on key chemicals markets, including Urea, 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.
Nitrogen (N) fertilizers are produced chemically using natural gas and hydrogen that is contained in the air. Ammonia is produced by mixing nitrogen and hydrogen gases in the presence of heat, pressure and a catalyst compound.
Urea is the most widely-produced and commonly-traded nitrogen fertilizer. Production amounts to more than 140m. tonnes a year, of which about 30m.
Urea is a truly global product, and ICIS covers all the key global benchmark prices including; the free on board (FOB) prilled urea price; the FOB Baltic Sea prilled urea price; and the FOB Arabian Gulf (AG) granular urea price.
Urea is an extremely volatile product. For that reason, the prices provided by ICIS are key for our subscribers, who include producers and suppliers, traders and distributors, as well as consumers. It is this wide variety of people that ICIS speaks to on a daily basis.
Urea has an important relationship with crop prices, such as wheat and corn, and also the key feedstock of natural gas via ammonia. Developments in these markets are covered in the urea report.
The prices provided by ICIS are accurate and timely, and backed up by a solid methodology.
ICIS is able to draw upon global resources from our offices in Houston (Texas), Singapore, Shanghai and London, giving a truly global response to this global market.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Urea. 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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