CME Group’s fertilizer price reporting agencies, ICIS and Profercy, provide insight into their methodologies for existing UAN assessments and announce a new Profercy price quote. For China, there is an extensive coverage of export, ex-works and ex-warehouse prices, and the Europe report concentrates on spot prilled and granular grades in Yuzhny, Baltic, Middle East and northwest Europe, while the US has spot quotes for the US Gulf and Arab Gulf. LDPE (Low-density Polyethylene) is the most common form of polyethylene used. Italy was described as oversupplied on the arrival of Iranian tonnes. Although domestic demand in China and higher coal prices had supported urea prices until March 2013, urea prices have since fallen due to lower coal prices. Post-harvest application buying had not yet emerged so there was no extra pull on volumes. DTN considers a … Indonesia and Malaysia were regular suppliers with tonnes moving to their usual contract markets, southeast Asia and India. All CME Group fertilizer products are cash-settled based on assessments from two price reporting agencies, ICIS and Profercy. Reference price of Styrene is 915.354USD/MT, down 1.54% from 929.698USD/MT on 2020-12-29. Chemical Profiles in ICIS Chemical Business, 2006-17 This is a list of Chemical Profiles published in issues of ICIS Chemical Business since it succeeded Chemical Market Reporter in 2006. Demand declined with farmer attention focused on finishing their crops and preparing for harvest. ICIS launches Global Urea Markets General Methodology Consultation more >>. The urea market is like spot; it dictates prices. Adipic Acid Market Saw Panic Sentiments on the Price … Price benchmarks for polymers in key markets around the world Skip to content. LDPE (Low-density Polyethylene) is the most common form of polyethylene used. Urea is down $27/ton, or 7%, from last month with an average price of $360/ton. Urea is a major source of nitrogen – a key plant nutrient for many of the crops that we grow for food, feed and fuel. Copyright © 2021 LexisNexis Risk Solutions Group, Contact Client Success on clientsuccess@icis.com, Price Reporting – More information about the price reports we publish on Urea, News & market analysis specifically relating to Urea. The Arabian Gulf concluded two more sales at $245/ton FOB for Australia and Sri Lanka. The final settlement price for each contract is based on price assessments published weekly by ICIS and Profercy during the contract month. In Romania, InterAgro sold urea cargoes recently at prices in excess of $350/tonne FOB. The Black Sea Urea Spot Price measures the overall spot price in USD per metric ton for Urea. The Floating Price for each contract month shall be based on price assessments for “Urea granular bulk (spot): US Gulf ps ton fob” published weekly by ICIS during the contract month and price assessments for “Urea granular bulk (spot): US Gulf pst fob to 30 days” published weekly by Pricing and Online Sales; Support ChemOrbis Offices : ChemOrbis China. The last time Gulf urea was above $300 was in June 2015. Please find more information on the cookies used on our site here, Understand price drivers and fluctuations. Barge business was overall lower with terminals less active as the season advanced. Barge urea prices have now increased for ten (10) straight weeks at the Gulf. Urea production involves a two step process where the ammonia and carbon dioxide react to form ammonium carbamate which is then dehydrated to urea. You can control cookies through your browser settings. Library. The Baltic and Black Sea are now close to $200/tonne FOB (free on board) - the lowest level this year. 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