YearQuarterUrea Profercy Baltic sea fob high EURConsumer Prices HICP - All items (2015=100) EURO AREA 19Urea price change 40%general price change 60%AdBlue price change 100%IndexPer
2015Q4229.67100.23-0.01%0.49%0.3%101.701.10.2015
2016Q1189.0699.23-6.75%0.19%-2.6%99.101.01.2016
2016Q2172.20100.44-17.68%-1%-7.7%91.501.04.2016
2016Q3165.07100.31-8.92%1.22%-2.8%88.901.07.2016
2016Q4184.97100.97-4.14%-0.13%-1.7%87.301.10.2016
2017Q1228.64100.9812.05%0.66%5.2%91.901.01.2017
2017Q2181.53101.9723.61%0.01%9.5%100.601.04.2017
2017-20.60%0.98%-7.7%92.901/07/2017
YearQuarterEurostat Consumer price index HICP All items (2015 = 100) EURO AREA 19quarterquarter index
2014Dec/2014100,00Q4100,00
2015Jan/201598,43
Feb/201599,11
Mar/2015100,15Q199,23
Apr/2015100,39
May/2015100,61
Jun/2015100,60Q2100,53
Jul/201599,96
Aug/201599,97
Sep/2015100,19Q3100,04
Oct/2015100,34
Nov/2015100,19
Dec/2015100,17Q4100,23
2016Jan/201698,72
Feb/201698,88
Mar/2016100,10Q199,23
Apr/2016100,14
May/2016100,51
Jun/2016100,68Q2100,44
Jul/2016100,12
Aug/2016100,21
Sep/2016100,60Q3100,31
Oct/2016100,85
Nov/2016100,76
Dec/2016101,31Q4100,97
2017Jan/2017100,46
Feb/2017100,84
Mar/2017101,65Q1100,98
Apr/2017102,04
May/2017101,92
Jun/2017101,95Q2101,97
YearQuarterBaltic high in €$ - £ exchange rateBaltic high in £ Baltic high in £ per Q Baltic high in $$ exchange rateBaltic high in € per Q  
20159/01/152750,66022153251,1813
13/02/152670,66812023031,1330
6/03/152560,6557186Q1200,862831,1070266,07
10/04/152340,67531702521,0770
8/05/152430,64311772751,1310
12/06/152620,6402188Q2178,422941,1230246,31
3/07/152570,64161832851,1070
7/08/152450,63761722701,1000
4/09/152360,6514173Q3175,872651,1230246,29
2/10/152240,65991652501,1150
6/11/152420,65501722631,0880
4/12/152230,6675159Q4165,362381,0670229,67
20168/01/162120,67891562301,0870
5/02/161740,68161331951,1210
4/03/161820,7224143Q1144,041981,0900189,06
1/04/161710,69501361951,1390
13/05/161760,69261392001,1390
3/06/161700,6911131Q2135,121901,1190172,20
1/07/161670,74531381851,1090
5/08/161620,75951371801,1140
2/09/161670,7717144Q3139,371861,1150165,07
7/10/161670,80741511871,1190
4/11/161810,88661772001,1060
2/12/162070,8410185Q4171,112201,0630184,97
20176/01/172140,81371832251,0500
10/02/172440,79602082611,0690
10/03/172270,8214197Q1195,992401,0550228,64
7/04/172020,80221732161,0670
5/05/171690,77551431851,0930
02/06/171730,7709150Q2155,431941,1220181.53
14/07/20171610,7725
1421841,1420

The AdBlue® index is based on two sub-indices:
A. 40% based on the Urea (Prill) fob Baltic price (see below)
B. 60% based on the Eurostat Consumer price index (see below)
As the AdBlue® sales price is quoted in GBP, the urea USD quotes are converted into pounds at the end of each trading day. The resulting index variation will be applied to the contract price.

Ad A. This index is calculated based on the weekly Prophecy report Urea prilled bulk Baltic high– Fast ports fob. Every Thursday market prices are published in this report.

Ad B. This index is calculated based on the data published on Eurostat site
http://ec.europa.eu/eurostat/tgm/table.do?tab=table&init=1&language=en&pcode=teicp000  HICP (Harmonised Indices of Consumer Prices) –All items – Index (2015 = 100) / Euro area.

The exchange rate GBP – USD can be found at the website of the ECBhttps://www.ecb.europa.eu/stats/exchange/eurofxref/html/eurofxref-graph-gbp.en.html. Below you will find a detailed description with an example of how the index is calculated.

The quarterly index developments are published further on this website.

Detailed description with an example of how the AdBlue® index is calculated:

Ad A. Urea (Prill) fob Baltic (metric ton)

Profercy Report publishes every week a minimum and a maximum for Urea prilled bulk prices among which Baltic – Fast ports fob. Every Thursday market prices are published in overview table. The quarterly index is calculated as follows: take the maximum US $ quote of the first Thursday of every month convert it into Pound against the exchange rate of this Thursday as published by ECB and calculate the quarterly average index from these three quotations.

At the first of the month of a new quarter the quarterly index variation is calculated: this quarterly index variation equals the variation between the last known quarter index divided by previous one.

As an example we calculate the urea index variation per January 1st, 2016:
Urea prilled bulk Baltic fast ports fob high Q4 2015: 229,67
Urea prilled bulk Baltic fast ports fob high Q3 2015: 246,29
Urea index variation for Q1 2016: (229,67 – 246,29) / 246,29 = -6,75%

Ad B. Eurostat Consumer price index

At http://ec.europa.eu/eurostat/tgm/table.do?tab=table&init=1&language=en&pcode=teicp000 under Most popular database tables at the left side of the screen you will find Inflation (monthly), HICP – All items index (2015 = 100) with Euro area which gives a monthly index figure.

At the first of the month of a new quarter the quarterly index variation is calculated as follows: the quarterly index variation equals the variation between the index of the first month of the last quarter divided by the index of the first month of the previous quarter.

As an example we calculate the consumer price index variation per January 1st, 2016:
Consumer price HICP – All items – Index (2015 = 100) October 2015: 100,23
Consumer price HICP – All items – Index (2015 = 100) July 2015: 100,04
Consumer price index variation for Q1 2016: (100,23 – 100,04) / 100,04= 0,19%

Price update per January 1, 2016:
40% of Urea index variation for Q1 2016: = 40% of -6,75% = -2,70%
60% of Consumer price index variation for Q3 2007: = 60% of 0,19 % = 0,11%

Price decrease per January 1, 2016 = 2,59%