Nightview ammonia plant

ARGUS Ammonia

The Argus Ammonia service is your reliable and proven source of global grey, low and zero-carbon ammonia market intelligence and independent, highly accurate reporting of prices, the latest deals and market-moving news.


We empower market participants to make informed business decisions through:


  • Independent, highly accurate daily and weekly price assessments
  • Up-to-date and timely reporting on international trade, global market developments and consequent price movements
  • Insightful commentary from our ammonia market experts
  • Powerful online tools, dashboards and proprietary data

Low and zero-carbon ammonia coverage

Argus Ammonia is the industry’s leading source of dedicated clean ammonia coverage, including a Carbon-Adjusted Price of Ammonia (CAPA), a modelled weekly price for green ammonia and fuel equivalent pricing. The service also includes a round-up of key developments from blue and green ammonia markets, as well as project and vessel tracker data sets.

Daily ammonia price assessments


Argus launched daily ammonia price assessments in March 2021. Our daily prices now include:



  • Northwest Europe cfr duty paid/free
  • Northwest Europe plus carbon price adjustment (assumes no free credits)
  • Northwest Europe plus carbon price adjustment (assumes free credits)
  • US Gulf cfr
  • East Asia cfr (excl. Taiwan)
  • Middle East fob


Our daily price assessments provide unique benefits:


  • Greater certainty: Increased price frequency gives you immediate clarity for volatile markets
  • Lower risk: Additional data points ensure your business calculations are more robust
  • Smarter outcomes: Daily data powers the most sophisticated data analysis and algorithmic trading tools
  • Increased confidence: We give you access to the largest editorial team with the greatest geographical reach and most rigorous methodological adherence


Argus and Ammonia Future contracts 

  • ICE (Intercontinental Exchange, Inc) launched an ammonia futures contract on 16th January 2023, based on the Argus daily northwest Europe duty free/paid cfr price
  • SGX (Singapore Exchange) launched ammonia futures contracts on 2nd October 2023 based on the Argus weekly fob Middle East price and the Argus weekly cfr East Asia (excl. Taiwan) price
  • The development of the Argus Ammonia NW Europe CFR Future allows market participants to hedge physical price risk, in a rapidly changing market that is experiencing unprecedented levels of volatility
  • Uncertainty and the cost associated with switching to blue or green ammonia from power generation and shipping sectors has triggered interest in a risk management tool as these markets develop

Selection of key prices assessed

  • Middle East fob
  • South East Asia and Australia spot fob
  • India cfr
  • East Asia (excl. Taiwan) cfr
  • Tampa cfr
  • Caribbean fob
  • US Gulf fob
  • Northwest Europe (duty pad/free) cfr


Key features

  • Key ammonia industry price assessments
  • Regular news, commentary and analysis from our teams based in all regions across the world
  • Forward-looking analysis including a 30 to 60-day outlook
  • Key gas prices that determine the floor price for ammonia
  • Updates on production rates and plant shutdowns
  • Ammonia freight trends
  • Key export and import data, and analysis of stock levels in key markets
  • Clean ammonia coverage
    • Modelled weekly price; fuel equivalent pricing
    • Key news and developments, project and vessel tracker datasets
    • Fuel equivalent pricing 
  • Market-appropriate methodology
  • Argus Water-Soluble Fertilizers monthly supplement included 
  • Extensive use of graphics, maps and visuals to help digest key information
  • Powerful online tools and dashboards

Argus proprietary datasets

  • Green ammonia project and vessel tracker 
  • List of green and blue ammonia MoUs
  • Indian ammonia imports
  • Indonesia ammonia export line up
  • Middle East ammonia exports
  • Pivdenny ammonia supply outlook
  • Turkey ammonia imports
  • China ammonia imports
  • Algeria ammonia exports
  • Spot ammonia sales
  • Trinidad and Tobago export line up
  • US Gulf exports 
  • Morocco ammonia imports
  • South Korean imports
  • European ammonia imports
  • Spot ammonia sales 

Benefits of choosing Argus

  • Robust methodology providing fair and accurate pricing information
  • Compliance and auditing to ensure reliability (externally through PWC)
  • Global editorial coverage, with reporters on the ground in key markets, the US, Russia, Brazil, India, southeast Asia, China and more

Customers that benefit

As interest in the vital ammonia market continues to grow, anyone with exposure to the global ammonia market will find the Argus Ammonia service essential. 

Argus Ammonia subscribers include: New entrants to the market such as energy players/utilities and players active in the shipping and marine fuels market, fertilizer producers, industrial users of ammonia (such as ACN, caprolactam and mining-grade AN), trading companies, importers and distributors, buying agencies, financial institutions, logistics companies, co-operatives, government agencies and associations around the world.

Below are examples of how some clients use this service:

  • Producers and suppliers leverage Argus for transfer pricing and to index contracts for the processing, procurement and selling of raw materials and finished products
  • Traders use our market intelligence to identify arbitrage opportunities and to negotiate and carry out deals and contracts
  • Energy, utilities and shipping use Argus Ammonia prices to analyse hedging, opportunities and risk management strategies in clean ammonia
  • Procurement teams manage their plans and analyse past performance with our insight
  • Industry analysts create robust analysis of a firm’s competitive landscape, revenue performance and possible investment analysis
  • Governments use our price assessments for benchmarking, taxation and valuation processes
  • Financial institutions leverage our fertilizer pricing and analysis to support financing processes for agri-businesses, manufacturers and independent investment projects
  • Wholesalers sell large quantities of fertilizers to farmers and retail outlets, and depend on our price assessments and market data, including transportation and logistical information
  • Co-ops and retailers rely on our fertilizer pricing and market assessments for price negotiations in the distribution of products through domestic retail outlets




Request more information

We would be happy to offer you more information about our paid services. Argus produces information and services for global markets, which requires Argus to share your personal information with Argus group companies and service providers that are based both within and outside of the European Economic Area (EEA). Argus Media may use the details submitted to send you information about related Argus products and services which may be of interest to your business. You can unsubscribe from these updates at any time. We manage your personal data in accordance with our privacy policy.

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