The sharp global economic downturn caused by the coronavirus pandemic and the collapse in crude oil prices has wide-ranging implications for the fertilizers industry.
Bookmark this Topic Page to stay up to date at this unprecedented time with expert insight and analysis of the impact these developments are having on fertilizer markets.
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By Richard Ewing 1-Dec-20 LONDON (ICIS)--Petrobras has yet to find a buyer for shuttered ammonia and urea plants run by wholly-owned subsidiary Araucária Nitrogenados SA (ANSA), bosses of the Brazilian energy major disclosed on Tuesday.Source - Petrobras
By Sophie Udubasceanu 1-Dec-20 London (ICIS) --Global oil markets remained transfixed on the OPEC+ output cuts meeting delayed to Thursday. Improvements in China paves way for hopes of a faster demand recovery.
By Will Conroy 26-Nov-20 LONDON (ICIS)--PKN Orlen’s construction of a fertilizer plant that will expand its Anwil unit’s nitrogen capacity by around 50% is 32% complete and remains on schedule, the Polish energy and petrochemicals major said this week.
Capacity at the Anwil site will rise from 966,000 tonnes/year to 1.46m tonnes/year with a third production line to produce nitrate, ammonium sulphate nitrate, and magnesium ammonium nitrate fertilizers.
By Pearl Bantillo 26-Nov-20 SINGAPORE (ICIS)--Saudi Aramco, the world’s biggest crude oil exporter, has completed issuance of international bonds worth $8bn in five tenors.
By Sylvia Traganida 23-Nov-20 LONDON (ICIS)--As year-end looms, trading activity in the global sulphuric acid market has picked up pace. Sylvia Traganida talks to Andy Hemphill and Annalise Porter about the latest market news.
Click here to listen in a new window.
By Richard Ewing 23-Nov-20 LONDON (ICIS)--Abu Dhabi National Oil Company (ADNOC) was on Sunday mandated to explore potential opportunities in the fast-emerging hydrogen sector, with such an investment likely to involve ammonia production.
The energy and petrochemicals major already produces hydrogen for its downstream operations and will now look at ways to help meet global demand for hydrogen and ammonia derived from natural gas.
By Richard Ewing 17-Nov-20 LONDON (ICIS)--Australia’s Fortescue Metals Group (Fortescue) on Tuesday confirmed that it is looking to develop a 250,000 tonne/year green ammonia plant in Tasmania to serve the domestic and international fertilizer markets.
The project envisages the construction of a 250 MW green hydrogen plant at the Bell Bay Industrial Precinct as part of the Tasmanian government’s Renewable Hydrogen Industry Development Funding program.Source - Fortescue
By Nurluqman Suratman 17-Nov-20 SINGAPORE (ICIS)--Saudi Aramco is planning to issue international bonds after its earnings were hit by low oil demand amid the coronavirus pandemic.
The bonds will have maturities of three, five, 10, 30 and/or 50 years, subject to market conditions.
By Priya Jestin 13-Nov-20 MUMBAI (ICIS)--India’s Grasim Industries will divest its entire stake in its fertiliser business, Indo Gulf Fertilisers (IGF) to Indorama India for a consideration of Rs 26.49bn ($354.47m), the company said in a statement.
IGF operates a 1.2m tonnes/year urea plant at Jagdishpur in northern Uttar Pradesh state and is also engaged in trading urea and other agricultural inputs, Grasim said in the statement on 12 November.GF plant in Jagdishpur. Source - Grasim
By Sophie Udubasceanu 13-Nov-20 LONDON (ICIS)--The Pfizer coronavirus vaccine rattled oil prices this week, but the rally slowed down by 12 November. Challenges remain, with widespread distribution now key to demand recovery.
Why has the reaction been so strong so far? What does the shift in the oil forward curve indicate? Market experts Sophie Udubasceanu and Richard Price discuss the market’s outlook.
EU, eurozone third-quarter GDP growth revised down
By Jonathan Lopez 13-Nov-20 LONDON (ICIS)--The EU’s GDP grew by 11.6% in the third quarter, compared to the second quarter, a reduction of half percentage point from the first estimate, statical agency Eurostat said on Friday.
The eurozone’s GDP growth stood at 12.6%, revising down its first estimate of 12.7%.
By Richard Ewing 3-Nov-2020 LONDON (ICIS)--Farmers across the UK were on Tuesday facing a potential total ban on the use of solid urea fertilizers in a government clampdown on ammonia emissions to better protect human health and the environment.
The Department for Environment, Food & Rural Affairs (DEFRA) has launched a consultation to seek views on reducing ammonia emissions from solid urea fertilizers used for growing plants and crops.
By Richard Ewing 3-Nov-20 LONDON (ICIS)--Plans for a 1m tonne/year granular urea plant in South Australia to serve the domestic and, potentially, foreign markets were announced on Monday by Leigh Creek Energy Limited (LCK).
The Adelaide-based firm has published a pre-feasibility study (PFS) for an Australian dollar (A$) 2.6bn ($1.85bn) nitrogen fertilizer facility that could double capacity in the medium term, and is already in talks with possible offtake partners.
By Erica Sesay 30-Oct-20 LONDON (ICIS)--Pricing momentum in the global sulphur market was sustained for another week, with prices in the east rising to a 14-month high.
In the Arab Gulf, Qatar’s Muntajat kicked off the November posted prices announcement with a $4/tonne increase on October’s price.
By Sylvia Traganida 29-Oct-20 LONDON (ICIS)--The US' ageing infrastructure is a concern for the fertilizers industry and the country is losing its competitive edge compared with other regions, according to the new president of The Fertilizer Institute (TFI).
Corey Rosenbusch said good infrastructure has historically been a key component of US agriculture’s comparative advantage in world markets, but it is being eroded now.
By Richard Ewing 28-Oct-20 LONDON (ICIS)--The Japanese government on Tuesday held the inaugural meeting of a special council (committee) to explore and promote the use of ammonia as a fuel as part of a nationwide push to greener technology.
Established as part of the country's zero carbon emissions strategy, the council's first sitting came just weeks after Japan received the world's first ever cargo of blue ammonia that involved carbon capture.Source - TFI
By Sylvia Traganida 27-Oct-20 LONDON (ICIS)---Global urea prices are seen as stable for the next few weeks with India absorbing 2.2m tonnes of excess supply in the market. The question now is what happens next. ICIS editors Julia Meehan and Deepika Thapliyal discuss the medium term outlook for the market and the factors that will influence prices in 2020-2021.
Click here to listen in a new window.
By Richard Ewing 20-Oct-20 LONDON (ICIS)--Norway's Yara is promising to play a key role in the decarbonisation of the global fertilizer industry through zero emission technology focused on green ammonia and green hydrogen, senior executives reiterated on Tuesday.
One of the world's largest manufacturers of ammonia - which comprises nitrogen and hydrogen - and with large plants on most continents, the group sees the development of "green energy" as crucial to its sustainability goals and initiatives.
ICIS is excited to announce the launch and production of the Global Fertilizer Trade Flow Map in partnership with the International Fertilizer Association (IFA).
The map provides a geographical picture of the trade flows of fertilizer products between the major producing and importing countries in the world, as well as production and consumption data.
The Fertilizer Trade Flow Map provides:
- The world’s major producing countries of fertilizers and raw materials
- The main fertilizer consuming countries
- Trends in prices for ammonia, diammonium phosphate (DAP), muriate of potash (MOP), urea, sulphur, sulphuric acid and natural gas
Click here to download the map for free.