Fertilizers

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Gain strategic advantage in global fertilizers

The fertilizer industry plays a critical role in sustaining the world’s population yet the market faces formidable challenges, from geopolitical uncertainty to changing weather patterns and volatile natural gas prices.

Fertilizer and energy markets are closely linked, and along with increased governmental focus on food security and environmental protection, the dynamics of the industry are shifting. Navigate volatile fertilizer markets and better understand the connection between energy and fertilizers with ICIS benchmarks in gas and LNG (Liquefied natural gas).

Identify trends using current and historic pricing data, news and in-depth analysis of major market developments and global trade flows. Gain a clear picture of fertilizer demand factoring in crop yields, grain prices and buyer affordability, to optimise efficiency and minimise waste.

Weekly market roundups and quarterly supply and demand outlooks help you stay one step ahead in today’s fast-moving fertilizer markets. ICIS prices are referenced by the CME (Chicago Mercantile Exchange) in the settling of fertilizer contracts.

Commodities we cover:

Ammonia

Comprehensive, up-to-date global pricing data and supply and demand drivers for this key commodity, increasingly valued for its potential as a hydrogen carrier.

Phosphates

A complete market view with price data, market intelligence and interactive analysis that includes in-depth focus pieces and forward-looking analysis.

Urea and nitrates

Up-to-date pricing data and daily reports including trades and market movements, plus expert insight on major global trading hubs.

Sulphur

Weekly content includes market fundamentals for key markets including China, Europe, the Middle East and Canada plus forward-looking analysis and up- and downstream viewpoints.

Sulphuric acid

The longest-established market report for sulphuric acid, offering market intelligence and insight plus real-time pricing and updates on market-moving events.

Potash

Forward-looking analysis and timely news from the world’s largest fertilizer market, including pricing assessments from key import destinations such as Southeast Asia, Brazil, China and India.

Fertilizers solutions

Optimise profitability with ICIS’ complete range of market intelligence, data services and analytics solutions for the fertilizers industry. Trusted by majorexchanges including the CME, and adhering to IOSCO principles, ICIS intelligence is derived from transparent methodologies incorporating over 250,000 annual engagements with Chemical market participants. Visit Sectors to find out how we can set your business up for success.

Optimise decision-making

Minimise risk and preserve margins with the latest pricing and market intelligence for key fertilizers.

Respond quickly as events unfold

Stay ahead of fast-moving markets with news and expert analysis of market developments, plus market outlooks and trends.

Trade with confidence in volatile markets

Remain competitive and secure supply with market reports, data dashboards, price assessments, news articles and custom reports covering all major fertilizer markets.

Model with accuracy

Optimise results with instant access to critical data, seamlessly integrated into your workflows and processes.

Carbon cost-adjusted ammonia price

(Northwest Europe)

When the EU’s CBAM (Carbon Border Adjustment Mechanism) takes full effect in 2026, the increased cost of carbon certificates will significantly impact ammonia prices, affecting both producers, buyers and importers into Europe. Plan ahead, with ICIS’ weekly carbon cost-adjusted ammonia price for Northwest Europe.

Using a formula based on the weekly CFR Northwest Europe Duty Unpaid spot/contract ammonia price, the weekly average carbon spot price from EEX EUA, carbon emission per tonne of NH3 (ammonia) production and free CO2 allocation per tonne of ammonia, our carbon cost-adjusted ammonia price helps you manage costs and stay ahead of this developing market.

ICIS fertilizers sustainability hub

As the transition to a more sustainable future gains pace, the
fertilizers industry is grappling with the challenge to transform.
But periods of transformation offer tremendous opportunity.

Maximise your potential with the ICIS Fertilizers Sustainability hub,
featuring coverage of all the regulatory and market developments
impacting fertilizers markets

Plan with confidence and manage compliance risk with news and
timely, in-depth analysis from our team of experts embedded in
fertilizer, chemical and energy markets around the world.

Global fertilizer trade map 2024

Together with the International Fertilizer Institute (IFA), ICIS produces an interactive map showing fertilizers trade flows each year. Inform your decision-making with this essential tool revealing the complete, complex network of global fertilizer trade routes.

Fertilizers news

Latin America stories: weekly summary

SAO PAULO (ICIS)–Here are some of the stories from ICIS Latin America for the week ended on 14 June. NEWS  INSIGHT: Brazil, Mexico currencies take a hit, energy policy under Sheinbaum remains in spotlight The Mexican peso continued sliding this week as the new President Elect Claudia Sheinbaum’s Morena party achieved the "super-majority" investors feared, which could open the door to one-party constitutional reforms, while her energy policy remains on the spotlight. Argentina’s inflation down to 276% in May, first fall in 10 months Argentina’s annual rate of inflation fell in May to 276.4%, down from April’s 289.4%, the country’s statistical office, Indec said, the first fall since July 2023 and six months after President Javier Milei took office. Higher import tariffs one leg of wider plan to save Brazil’s besieged chemicals producers – Abiquim Proposals to sharply increase chemicals import tariffs are only one of the three aspects Brazil’s chemicals producers have proposed to the government to save their "besieged” operations, according to the CEO at trade group Abiquim. Mexico’s petchems supply flowing despite Altamira disruption, but industry crisis could continue The drought affecting the Altamira petrochemicals hub in Mexico’s state of Tamaulipas is not yet affecting the supply of chemicals, but the water restrictions for industrial players could continue, sources said this week. Brazilian pulp producer Suzano to acquire 15% stake in Austria’s Lenzing Brazilian pulp producer Suzano has agreed to acquire a 15% stake in Austrian cellulosic fibres company Lenzing for €230 million, paying €39.70/share, officials said on Wednesday. Brazil fertilizers interactive trade flow map January-May 2024 The Ministry of Development, Industry and Foreign Trade for Brazil has released fertilizer trade figures for January-May 2024. Future disruption to Panama Canal will depend on El Nino intensity – expert Despite arrangements put in place to make the Panama Canal fit for a changing climate, future disruption at the Americas key shipping route will depend on a variable no-one can predict: the intensity of future El Niño weather phenomenon, according to an expert at maritime services provider CB Fenton on Tuesday. Mexico’s chemicals output up 7.2% in April, manufacturing up nearly 4.0% Mexico’s chemicals output rose by 7.2% in April, year on year, well above the 3.8% increase in overall manufacturing activity, the country’s statistical office Inegi said on Tuesday. Chemical tanker prices rise as much as 75% since 2020 on lack of liquidity – expert Chemicals tanker prices have risen globally 30-75% in the past four years on a lack of liquidity, an expert at Chile-headquartered chemicals bulk operator Ultratank said on Tuesday. Brazil’s inflation up to 3.93% in May; prices rise sharply in floods-hit state Brazil’s annual rate of inflation rose in May to 3.93%, up from 3.69% in April, with notable price rises registered in food products, especially in the floods-hit state of Rio Grande do Sul, the country’s statistical office IBGE said on Tuesday. Closures of high-cost assets to accelerate in Europe, northeast Asia – ICIS Announcements of closures for high-cost assets, especially in Europe and northeast Asia, are likely to accelerate in coming quarters as the global petrochemicals industry is forced to rationalize, according to an ICIS analyst on Tuesday. Venezuela’s Pequiven, Turkey’s Yildirim mull petchems, ammonia facilities Venezuelan state-owned petrochemicals producer Pequiven has signed an agreement with Turkey’s conglomerate Yildirim to consider building petrochemicals and ammonia facilities in the country, according to the Venezuelan Ministry of Economy. Chile’s Petroquim navigating better than peers pressure from Asian material – exec Polypropylene (PP) producer Petroquim is also facing pressure from lower-priced material sent from Asia, but the company’s “dedicated” service to customers has kept its sales spared from a larger hit, according to the commercial manager at the Chilean company. PRICINGLatAm PP international prices steady to higher on squeezed margins, higher freight rates International polypropylene (PP) prices were assessed as stable to higher across Latin American countries because of higher freight costs and squeezed margins. LatAm PE international prices steady to up on higher offers from abroad International polyethylene (PE) prices were assessed as steady to higher across the region on the back of higher offers from abroad. Plant status: Alpek Polyester’s Altamira plants ceases operations due to water scarcity in Mexico Mexico’s chemicals producer Alpek has declared force majeure for purified terephthalate acid (PTA) out of its 1 million tonnes/year facilities in Altamira, state of Tamaulipas, on the back of the severe drought which has restricted water supplies to industrial companies. Stable PET prices in Mexico prevail amid supply challenges Throughout this week, polyethylene terephthalate (PET) prices have remained stable in Mexico, as per market observations. However, industry participants believe that this stability might not last long.

17-Jun-2024

Canada rail labor union to hold new strike ballot

TORONTO (ICIS)–Canadian rail labor union Teamsters Canada Rail Conference (TCRC) will hold a new strike vote because an earlier mandate for industrial action will expire on 30 June, it said in an update. In early May, about 9,300 unionized conductors, train operators and engineers at rail carriers Canadian National (CN) and Canadian Pacific Kansas City (CPKC) voted for a strike as early as 22 May. However, Canada’s federal labor minister then referred the matter to the Canada Industrial Relations Board (CIRB) for a decision about a strike’s impacts on public safety and health. A legal strike or lockout cannot occur until a CIRB decision, and it is unclear when that decision will be made. TCRC said in its update that under Canadian labor law, the strike mandate from May is set to expire on 30 June. In order to be in a position to strike once the CIRB makes its decision, TCRC will therefore conduct a new strike ballot, beginning 14 June and running until 29 June, it said. WHEN COULD A STRIKE START?As the CIRB process is ongoing, the board has extended the deadline for affected industry trade groups to make submissions from 31 May to 14 June. After the CIRB decision, TCRC would have to give 72 hours’ notice before a strike can begin. The CIRB may grant the rail carriers’ request for a 30-day extension, starting from the decision date, before the 72-hour notice can be served. The rail carriers have estimated that given the CIRB process, a strike will not start before mid-to-end July. The parties do not have to wait for the CIRB process to run its course. Instead, they can continue bargaining and reach an agreement at any time. However, TCRC said that since the strike was referred to the CIRB, the rail carriers “have completely withdrawn any commitment to negotiate”. The rail carriers have proposed binding arbitration, but TCRC has rejected this. IMPACT ON CHEMICALS The uncertainties around the timing of rail labor disruption are affecting Canadian chemical, fertilizers and other manufacturers. Canadian chemical producers rely on rail to ship more than 70% of their products, with some exclusively using rail, while in the fertilizers industry about 75% of all fertilizers produced and used in Canada is moved by rail. In the run-up to potential strikes, producers need to prepare, longer strikes can force them to curtail production or shut down plants, and after a strike ends it can take weeks for normal operations to resume. The impacts may be limited to some extent as the CIRB can order that rail shipments of certain essential products, for example water treatment chemicals, be maintained during the strike. Thumbnail photo source: Canadian National

12-Jun-2024

India eases polyester raw material import rules to boost textile exports

MUMBAI (ICIS)–India has relaxed import rules on polyester staple fibre (PSF), filament and spun yarns to help its domestic downstream textile industry boost exports. Importers of these raw materials whose end-products were meant for exports will no longer be restricted to secure cargoes only from Bureau of International Standards (BIS)-certified producers, with immediate effect, based on a 6 June notification issued by the Ministry of Chemicals and Fertilisers. Their imports qualify under the advance authorization scheme, which allows duty-free imports of inputs for export purposes. Eligibility under this scheme is being determined by committees appointed by the government. “The announcement has given a relief to the manmade fibre (MMF) textile product exporters enabling them to improve their export performance that had been significantly affected in the last two years,” S K Sundraraman, chairman of industry body Southern India Mills Association (SIMA) said in a statement on 7 June. SIMA as well as the Confederation of Indian Textile Industry (CITI) had been seeking exemptions from the mandatory Bureau of Indian Standards (BIS) certification of raw material imports under the Quality Control Order (QCO) since it was announced in April 2021 and took effect in October 2023. Previously, raw materials can only be purchased from BIS license holders. While domestic manufacturers of raw materials have obtained BIS licenses, applications from foreign manufacturers have remained pending, thereby constraining local textile production. Manufacturers and exporters of goods that used specialty fibres and yarns as raw material were impacted by the QCO as they faced problems procuring the goods from global suppliers, SIMA stated. Focus article by Priya Jestin

11-Jun-2024

Arianne Phosphate says adding phosphate to critical mineral list acknowledges its importance

HOUSTON (ICIS)–Canadian firm Arianne Phosphate announced that the government of Canada has added phosphate to the country’s critical mineral list, which it said acknowledges the fundamental importance and necessity of this mineral. The criteria for the Canadian critical mineral list are that the mineral is deemed essential to the nation’s economy and security, necessary for a transition to a sustainable low-carbon economy, can be a source for international allies and is a mineral whose supply is threatened. Minister of Energy and Natural Resources Jonathan Wilkinson said by updating the list Canada is taking a proactive step for its economy. “Investments in critical mineral projects create good jobs for workers, more avenues for Canadian innovation and lower emissions across the country – all part of our plan to build a cleaner Canada and a prosperous, sustainable economy,” said Wilkinson. Arianne Phosphate has been advancing on its Lac a Paul project in in Quebec’s Saguenay-Lac-Saint-Jean region and said it is now fully permitted and shovel ready. It noted that it hosts the largest independent greenfield phosphate deposit where it can produce a very high-purity and low-contaminant phosphate concentrate, ideal for use in both fertilizer and technical-grade applications. This includes the production of purified phosphoric acid which is required for lithium-iron-phosphate batteries. “The addition of phosphate to the critical mineral list not only recognizes the importance of the mineral but, the challenges the west has in securing the necessary supplies,” said Brian Ostroff, Arianne Phosphate president. “We welcome the Canadian government’s decision to add phosphate to its list and, along with the Quebec government’s recent decision to do the same, believe this will be a significant driver for Arianne as we look to conclude our ongoing discussions with potential partners and financiers.” Ostroff said an operating Canadian-based phosphate mine, along with the construction of a downstream purified phosphoric acid facility, would help ease the increasing concern over supply and start to address future needs. Arianne is currently undergoing a prefeasibility study designed to review the potential for constructing a large-scale phosphoric acid plant in the Saguenay region. The facility would be able to convert high-purity igneous phosphate concentrate into a purified phosphoric acid for use in downstream applications. As currently envisioned, the facility would be capable of producing 350,000 tonnes of battery-grade purified phosphoric acid and over 200,000 tonnes of a secondary phosphoric acid for use in specialty fertilizers and animal feeds.

10-Jun-2024

Brazil Petrobras to resume operations at urea, ammonia plant in Parana

HOUSTON (ICIS)–Brazil producer Petrobras announced that its executive board has approved the resumption of operating activities of the fertilizer plant Araucaria Nitrogenados in the state of Parana. The plant has been mothballed since 2020 and the producer said it is now expected to be restarted in the second half of 2025. Located next to the Presidente Getulio Vargas Refinery the operation has a fertilizer production capacity of 720,000 short tons/year for urea and 475,000 short tons/year for ammonia. It can also produce automotive liquid reducing agent.

06-Jun-2024

PODCAST: Fertilizer players seek buyers in bearish conditions

LONDON (ICIS)–The sentiment for most fertilizer products is bearish due to a lack of strong demand globally. Following the International Fertilizer Association (IFA) annual conference in Singapore the ICIS fertilizer team discusses the latest trends and developments in the market.

06-Jun-2024

Brazil’s Braskem expects operations at Triunfo to normalize in ‘coming days’

SAO PAULO (ICIS)–Braskem’s operations at Triunfo in floods-hit state of Rio Grande do Sul are still yet fully normalized, despite the plant having restarted more than two weeks ago, a spokesperson said to ICIS on Wednesday. The company expects operations to return to normal “in coming days”, the spokesperson added, without providing more details about exact timelines. Braskem’s facilities at the Triunfo petrochemicals hub, near the state’s largest city of Porto Alegre, are a key production hub for Brazilian polymers, but transport to and from the facilities was heavily disrupted by the historic floods. That made access for employees and inputs almost impossible for the most of May. “If weather conditions and access to the complex remain stable, the units are expected to be operational as planned in the coming days. Access to the Triunfo complex by road has already been cleared,” said Braskem’s spokesperson. “Employees are mostly using buses and minibuses contracted by the company to access the complex. Trucks are also circulating on the roads, gradually regularizing logistics operations.” For Braskem’s capacities at Triunfo, see bottom section. LONG ROAD TO NORMALITY At the peak of the crisis, which began on 29 April, around 90% of industrial facilities in Rio Grande do Sul were shut because of the floods, according to local authorities. The state is an industrial and agricultural powerhouse within Brazil and shutdowns there had a knock-on effect on other industrial sectors. Automotive majors Volkswagen and Stellantis, for instance, were forced to shut or reduce operating rates at some of their facilities in Brazil and Argentina, which depended on automotive parts suppliers in Rio Grande do Sul. Both companies confirmed to ICIS this week that they are returning to operations, although Stellantis’s plant in Goiana, in the state of Pernambuco, is still operating at reduced rates. Earlier this week the manufacturing purchasing managers’ index (PMI) showed activity in May had greatly been impacted by the floods aftermath. Moreover, this week Brazil’s statistics office IBGE said GDP in the first quarter had registered healthy growth of 0.8%, quarter on quarter, but analysts have said economic output may sharply slowdown in the second quarter because of the impact of the floods. Meanwhile, while road transport may be slowly normalizing, one of the state’s three main ports – Porto Alegre – remains shut to operations, Portos RS, the ports authority in Rio Grande do Sul, said on Wednesday morning. The Port of Pelotas was shut until mid-May, while the Port of Rio Grande was never affected by the floods. The destruction caused by Brazil’s worst flooding in history will take many months, years perhaps, to return to normal operations. The Federal government has announced credit lines with generous financing terms, but industrial groups in the state have said they are insufficient. Analysts have pointed out that the fertilizers markets may be hit by the roads as planting in Rio Grande do Sul’s important agricultural sector will be affected. According to the emergency services in the state, more than 35,000 people are still taking refuge in shelters, while nearly 600,000 remain displaced from their homes. In the state, with a population of 12 million, nearly 2.4 million people have been affected by the floods, which left 172 dead and 44 people unaccounted for. TRIUNFO KEY FOR PLASTICS Braskem is Brazil’s sole manufacturer of polyethylene (PE) and polypropylene (PP), the most widely used polymers. Its market share in 2023 for PE stood at 56% and for PP at 70%, according to figures from the ICIS Supply & Demand Database. The Triunfo complex, meanwhile, is key for the country’s polymers supply chain, accounting for nearly 37% of Brazil’s PP capacity and 40% of PE capacity. Brazil’s total PP production capacity is nearly 2 million tonnes/year. PE capacity is about 3 million tonnes/year, with 41% being high-density polyethylene (HDPE), 33% being linear low-density polyethylene (LLDPE) and 26% being low-density polyethylene (LDPE). Braskem’s Triunfo complex can produce 740,000 tonnes/year of PP, 550,000 tonnes/year of HDPE, 385,000 tonnes/year of LDPE and 300,000 tonnes/year of LLDPE. Front page picture: Braskem's facilities in Triunfo Source: Braskem  Additional information by Bruno Menini

05-Jun-2024

Latin America stories: weekly summary

SAO PAULO (ICIS)–Here are some of the stories from ICIS Latin America for the week ended on 31 May. NEWS Brazil’s Porto Alegre port still shut after flooding, industry demands more support The Port of Porto Alegre remains shut one month after severe flooding hit the Brazilian state of Rio Grande do Sul, while trade groups are asking the authorities to extend their financial support to speed up the recovery. Automotive major Stellantis plants in Argentina, Brazil still affected by floods aftermath Stellantis’ facilities in Argentina remain shut and its plant in Goiana, northeast Brazil, has also partially stopped, a spokesperson for the global automotive major said to ICIS on Friday. Canadian fertilizer producer Nutrien halts three Brazil fertilizer blending plants Canadian fertilizer major Nutrien has announced a decision to halt three fertilizer blending plants in Brazil as it undergoes a reorganization of their operations for improved efficiency within the country. Brazil’s Unigel on force majeure for HIPS due to lack of input from Triunfo Unigel has declared force majeure for high impact polystyrene (HIPS) because one supplier based in Brazil’s floods-hit state of Rio Grande do Sul cannot deliver the feedstock, according to a letter to customers seen by ICIS. Brazil’s chemicals importers mobilize against tariffs hike proposed by producers Brazil’s importers of chemicals are lobbying the cabinet not to implement the hikes to import tariffs proposed by the country’s producers, represented by trade group Abiquim. PRICING LatAm PP domestic, international prices unchanged as market awaits June prices Domestic and international polypropylene (PP) prices were assessed as unchanged this week across Latin American (LatAm) countries. LatAm PP domestic, international prices unchanged as market awaits June prices Domestic and international polypropylene (PP) prices were assessed as unchanged this week across Latin American (LatAm) countries.

03-Jun-2024

Canadian fertilizer producer Nutrien halts three Brazil fertilizer blending plants

HOUSTON (ICIS)–Canadian fertilizer major Nutrien has announced a decision to halt three fertilizer blending plants in Brazil as it undergoes a reorganization of their operations for improved efficiency within the country. The plants are in Alfenas, Minas Gerais and Morrinhos and Cristalina, Goias, and comes amid what the producer is describing as tougher market conditions with Nutrien saying it will continue to be able to meet the needs of their farmer customers. The current strategy is to continue to provide fertilizers via its other two blenders in Brazil and through their local partners and if necessary restart these three outlets. There are also plans advancing to shutter an older facility in the state of Sao Paulo. “Nutrien is committed to serving our farmer customers in Brazil with the solutions they need and fertilizer is an important component of our overall portfolio. At the same time, we are reviewing our operating model to find efficiencies and as a result we are assessing future options for our three blenders located in the cities of Alfenas, Morrinhos and Cristalina,” said Nutrien spokesperson. “The decision allows Nutrien to restart these assets in a short time period if needed. We are well positioned to serve our customer with the same technical quality, volume and breadth of the fertilizer portfolio, through strategic partnerships and other blenders that remain in operation.”

29-May-2024

Latin America stories: weekly summary

SAO PAULO (ICIS)–Here are some of the stories from ICIS Latin America for the week ended on 24 May. NEWS Brazil’s Triunfo petchems restart odd one out as wider industry still disrupted – consultant Most of Rio Grande do Sul’s industrial plants remain shut or operating at very low rates as the Brazilian state reels from the floods, with the restart at the Triunfo petrochemicals hub an exception rather than the norm, a chemicals consultant at MaxiQuim said to ICIS. Mexico’s Orbia/Vestolit's Altamira plant ceases operations due to water scarcity Orbia/Vestolit ceased operations at its Altamira, Tampico facilities in Mexico on 21 May due to water scarcity. The company operates there a polyvinyl chloride (PVC) facility with a production capacity of 690,000 tonnes/year. The company estimates it could resume activity on 19 June. SABIC declares force majeure at Tampico Mexico ABS plant SABIC Innovative Plastics Mexico (SABIC) declared force majeure at its Tampico, Mexico acrylonitrile butadiene styrene (ABS) plant on 23 May. The products affected include CYCOLAC ABS.  This facility has a capacity of 30,000 tonnes. Mexico’s Q1 GDP grows 0.3%, economic activity remains healthy in MarchMexico’s GDP rose by 0.3% in Q1, an acceleration from Q4’s 0.1% quarterly growth, the country’s statistic office Inegi said on Thursday. Brazil’s antitrust authority paves way for Petrobras to shed refinery sales Brazilian state-owned energy major Petrobras has been allowed by the country’s antitrust authority CADE to backtrack on planned refinery sales. Argentina’s manufacturing down nearly 20% in March Argentina’s petrochemicals-intensive manufacturing output fell in March by 19.6% year on year, the country’s statistics office, Indec, said this week. Brazil’s Unigel creditors mull fertilizers divestment The debt restructuring agreement at Unigel, under which the Brazilian chemicals producer’s creditors are to take a 50% equity stake, could result in a divestment of the company's beleaguered fertilizers division. Brazil’s Unigel to give creditors 50% equity stake in debt restructuring Unigel has obtained the support of enough creditors for a debt restructuring plan although it comes at a price as they will be getting a 50% equity stake in the Brazilian chemical and fertilizer producer. Brazil's Braskem restart at Triunfo to kick off petchem hub normalization Braskem has restarted operations at its Triunfo facility in the flood-hit state of Rio Grande do Sul, which will allow other players in the petrochemicals hub to start up their plants as many depend on input from the Brazilian polymers major to operate. INEOS Styrolution declares force majeure at Altamira Mexico facility INEOS Styrolution declared force majeure at its facility in Altamira, Mexico, on 20 May. The products affected include Teluran ABS, Novodur High Heat ABS and Luran ASA. This facility has a capacity of 113,000 tonnes. Chile’s Q1 GDP up 2.3% on strong consumption, manufacturing up 1.1% The Chilean economy started 2024 on a strong footing with GDP growth in the first quarter at 2.3%, year on year, the country’s central bank said on Monday. Volkswagen, Stellantis idle car plants in Brazil, Argentina after floods Volkswagen (VW) idled its three plants in the Brazilian state of Sao Paulo on Monday, as suppliers in the floods-hit state of Rio Grande do Sul are unable to produce any automotive parts, a spokesperson for the German automotive major told ICIS. PRICING LatAm PP international prices stable to up on higher Asian freights International polypropylene (PP) prices were assessed as steady to higher across Latin American countries due to the surge in freight rates from Asia to the region. LatAm PE domestic, international prices steady on sufficient supply, stable demand Domestic and international polyethylene (PE) prices were assessed unchanged this week across Latin American countries on the back of sufficient supply and stable demand.

27-May-2024

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