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.
Use ICIS information to:
- Follow fluctuations and understand factors driving them
- Input into your own internal analytical models
- Clarify settlements and contracts
- Inform negotiations
Urea news and market information products from ICIS
We offer the following regional Urea coverage to keep you informed of factors and developments affecting prices in the Europe Urea marketplace.
Price Reporting – More information about the price reports we publish on Urea
Independent price assessments and market coverage
Price History – More information about the historical price data we publish on Gas
Track historical price data
News & analysis
News & Analysis - News & market analysis specifically relating to Urea
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Updated to Q4 2017
Urea supply during the quarter improved with the AOA Edeola/Bahwan plant in Algeria now fully operational after litigation issues earlier in the year. Egyptian suppliers continue to produce at full rates. In Yuzhny, OPZ was unable to restart as expected by the market, as it was looking for a new gas tolling partner. Supply in all others regions such as the Baltic and Arab Gulf was also ample.
Demand in Europe remained lacklustre with the only activity seen when traders covered positions. Most buyers bought limited tonnes. Most of the demand was seen outside the region, in Asia and Brazil.
Updated to Q4 2017
Asian supply has shrunk significantly with big exporter China out of the market. Operating rates in China were below 50% at the end of the year due to environmental clampdowns and winter-based maintenance. There is lack of an exports from China - with prices trading at a $40/tonne premium compared to the Arab Gulf - due to ample domestic demand. Malaysia continued to produce while Indonesia declared force majeure for granular urea shipments.
Demand in the region remains constant but trade patterns are changing. With Chinese exports negligible during the quarter, four to five cargoes were imported into China from Iran, the Arab Gulf and Russia. These cargoes are largely for re-export and were expected to be broken up into smaller lots and shipped to southeast Asia and other neighbouring markets.
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.
ICIS launches Global Urea 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 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.