ICIS Fertilizer Price Assessments to be Used by CME Group's Clearing Services for Swap Futures

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Jul 11, 2011, 08:42 ET

LONDON, July 11, 2011 /PRNewswire/ --

ICIS, a trusted provider of benchmark pricing information and news to the global fertilizer, petrochemical and energy markets, is delighted to announce that ICIS is supplying independent price assessments for use in the CME Group's clearing services for four new fertilizer swap futures.

The price assessments produced by ICIS will be used by the CME Group to financially settle contracts. ICIS is renowned for offering impartial and reliable pricing information, news and market commentary to key players in the fertilizer, petrochemical and energy markets. Our fertilizer prices and market intelligence is published in our weekly report, The Market. ICIS also publishes outlook information and detailed analysis for key fertilizer commodities which can be used to build and assess trends. The Outlook reports are published monthly.

The CME group fertilizer swap futures which ICIS is providing price assessments for are:

Urea (Granular) FOB NOLA Swap Future
UAN FOB Us Gulf Coast Swap Future
DAP FOB Tampa Swap Future
DAP FOB NOLA Swap Future

"ICIS is pleased to provide price assessments to the CME Group, as we believe the swap futures will provide an excellent tool to the fertilizer industry to manage fertilizer price volatility", said ICIS Head of Fertilizers, Antonella Harrison.

For details about our fertilizer pricing information, please visit http://www.icis.com/staticpages/fertilizerportfolio.htm

For more information about ICIS, the pricing intelligence we offer, and the commodities that we cover, please visit http://www.icis.com or contact:

About ICIS

ICIS is well established as a global provider of benchmark price and news intelligence for the chemical, oil, fertilizer and energy industries, assisting companies in global commodity markets to improve their revenues and profits by providing high quality, timely, commercially useful information, business leads and brand positioning across the world.

ICIS' global team of more than 500 people based in London, Houston, Singapore, New York, Washington, Shanghai, Moscow and Mumbai strives to deliver definitive global chemical, fertilizer & energy market intelligence.

To find out more visit http://www.icis.com

About Reed Business Information Ltd

Reed Business Information UK brings over 100 market leading brands to an audience of 30 million decision makers worldwide through its multi-platform media of web products, magazines, exhibitions, conferences and industry awards. Reed Business Information is part of Reed Elsevier, a world leading provider of professional information solutions in the Science, Medical, Legal and Risk and Business sectors.

To find out more visit http://www.reedbusiness.com

Richard Haddrell
Email: [email protected]
Phone: +44(0)20-8652-3345

SOURCE ICIS