The ammonia markets are covered by ICIS weekly in the global The Market report as well as regionally in the US and in a combined Europe and Asia report. Our reliable and trustworthy publications provide you with an up-to-date overview of market activity gathered by our locally based reporters. In the US, spot prices are quoted in New Orleans and Tampa, while the Europe and Asia publication gives assessments for northwest Europe, north Africa, Yuzhny, Taiwan, South Korea and India. Our news and analysis give the reader information that allows business decisions to be made with confidence.
The commentary includes demand and supply trends, production news, shipping enquiries, regional activity and any other key factors influencing market prices at the time. There is also a monthly price forecast and analysis global publication, Outlook Ammonia.
How we can help
Ammonia news and market information products from ICIS
We offer the following regional Ammonia analysis and news coverage to keep you informed of factors and developments affecting prices in the Ammonia marketplace.
Price Reporting – More information about the price reports we publish on Ammonia
Independent price assessments and market coverage by region
Related products – You might also be interested in the information we publish on these related products
You may also find useful
Price History – More information about the historical price data we publish on Ammonia
Track historical price data
News & analysis
News & Analysis - News & market analysis specifically relating to Ammonia
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Upstream of Ammonia
Downstream of Ammonia
Ammonia: Market overview
Updated to Q1 2018
A loosening of the supply/demand balance east of Suez means bullish conditions should end soon. The early January restart of the SAFCO IV plant in Saudi Arabia returns a lot more material to the market, while Egypt's EBIC-OCI is also running well. Market attention is focused on Indonesia as Mitsubishi prepares to load material from the new PAU plant, and KPI is poised to sell volumes directly rather than supply them to Trammo.
Spot demand is seen as stable in Korea and Taiwan, although there has been a notable uptick in spot enquiries from buyers on both coasts of India for Q1 cargoes. In Korea, LFC will soon receive the first slice of the 550,000 tonnes agreed for contract delivery during 2018, while Namhae will take delivery of the first cargo under its agreements for a combined 490,000 tonnes over the next 12 months.
The restart of major plants in North Africa (Sorfert Algeria) and Saudi Arabia (SAFCO IV) in late 2017/early 2018 saw the supply situation improve noticeably, triggering talk that prices may have peaked and will shortly stablise and soften. With new capacity in the US and southeast Asia due onstream in the coming weeks, market players are generally bearish, although start-up delays at the export-oriented PAU plant in Indonesia mean Mitsubishi may require an additional 150,000 tonnes during the quarter.
Strong spot demand for first-quarter cargoes has been noted from players in India, with regular spot buyers FACT and Deepak seeking parcels for early 2018 delivery to the west coast. On the east coast, CIL has been heard in the market for material, but price targets remain elusive for now. Koch acquired 40,000 spot tonnes from Sorfert Algeria for mid-January loading at $340/tonne FOB and is chasing an identical-sized cargo for February loading - amid talk one of its plants in the Americas is facing maintenance.
Production has stayed steady in the US and without additional capacity expected in the short-term and no plans revealed for turnarounds in 2018, the outlook for inventory levels immediately is to stay consistent.
With farmers expected to plant significant acreage of corn domestic demand will once again be strong but may not fully emerge in Q1 but rather start slowly depending on any weather issues in the key regions.
News & analysis
Ammonia news & analysis
ICIS launches Global Ammonia Markets General Methodology Consultation more >>
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 Ammonia, 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.
Ammonia is a colourless, highly water-soluble gas with an intense, pungent, suffocating odour. It is alkaline and caustic, corrosive to copper and galvanised surfaces and is a powerful irritant. It is soluble in chloroform, ether and is easily liquefied under pressure. Liquid ammonia will attack some forms of plastics, rubber, and coatings.
Ammonia's major use is as a nitrogen source in fertilisers where it is both applied directly and used to produce derivatives including ammonium nitrate, urea, ammonium phosphates and ammonium sulphate.
Urea plants are integrated with ammonia production as they require the carbon dioxide by-product from ammonia units.
Ammonia also has a number of industrial end uses. Ammonium nitrate is used to make explosives while the medical grade is decomposed to nitrous oxide (laughing gas). Ammonium bicarbonate has applications in baking powder formulations, in fire extinguishers and as a blowing agent in the manufacture of polymers.
Ammonia is used in the production of hexamethylene diamine (HMDA) for nylon, acrylonitrile (ACN) for fibres and plastics, caprolactam for nylon, isocyanates for polyurethanes, and hydrazine.
Other uses for ammonia include as a refrigerant, a cleaning and bleaching agent, and a household cleaner. It is also used in metal treating operations.
Upstream of Ammonia
Downstream of Ammonia