TOPIC PAGE: Fertilizers - navigating the global downturn

Author: Deepika Thapliyal

2021/02/26

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.

Scroll down to see the latest interactive graphics, podcasts and videos.

Credit: Shutterstock

LATEST HEADLINES

Singapore's port authority joins ammonia marine fuel alliance

By Richard Ewing 24-Feb-21 LONDON (ICIS)--The Maritime and Port Authority of Singapore (MPA) on Wednesday joined an international coalition of fertilizer, engineering and shipping firms striving to develop ammonia powered marine vessels.

Known as “The Castor Initiative”, members of the Joint Development Project (JDP) include MISC, Lloyd’s Register (LR), Samsung Heavy Industries (SHI), MAN Energy Solutions (MAN), and Yara International.

Operations at US Gulf ports minimally affected by storm

By Adam Yanelli 19-Feb-21 HOUSTON (ICIS)--Operations at two major US Gulf ports saw minimal impacts from the winter storm that has led to the shutdowns of US refineries and petrochemical plants in the region.

In New Orleans, a spokesperson said operations are normal at Port NOLA as of Friday morning.

PODCAST: Potash market responds to India/China MOP supply contract settlements

By Sylvia Traganida 17-Feb-21 LONDON (ICIS)--Sylvia Traganida speaks to senior editor Andy Hemphill about the annual supply agreements signed by Belarus Potash Company and its Indian and Chinese buyers, and what it means for the global potash trade.

Click here to listen in a new window.

Global ammonia prices jump as key plants go offline

By Richard Ewing 12-2-21 LONDON (ICIS)--An unprecedented series of unplanned ammonia plant shutdowns both sides of the Suez was the catalyst for another rise in international prices as companies raced to find replacement tonnes.

At least five plants, including three involving Norway's Yara, are confirmed as offline, removing a combined 300,000 tonnes/month of product - about 20% of merchant seaborne trade - from an already bullish market.

Icy rivers cause logistics headaches for central US

By Antoinette Smith 11-Feb-21 HOUSTON (ICIS)--Bitterly cold temperatures are causing logistical issues, as rivers connecting chemical production in the US Gulf with the Midwest region of the country begin to freeze.

INSIGHT: Freezing weather in Europe exacerbates tight chemicals supply

By Morgan Condon 12-Feb-21 LONDON (ICIS)--Cold weather has restricted chemicals production and logistics in Europe, mirroring conditions possible on the US market.

Disruptions have already shaped near-term fundamentals for some products, tightening supply and preventing deliveries.

PODCAST: USDA expects higher exports and lower ending stocks as fertilizer market set for a strong spring

By Sylvia Traganida 11-Feb-21 LONDON (ICIS)--The US Department of agriculture (USDA) has published its February World Agricultural Supply and Demand Estimate (WASDE) report. The report has not adjusted yield or production estimates, but showed expectations for higher exports and lower ending stocks. Senior editor Mark Milam explains its impact on the domestic fertilizer market.

Click here to listen in a new window.

PETRONAS and JERA to collaborate on ammonia and hydrogen initiatives

By Richard Ewing 9-Feb-21 LONDON (ICIS)--Malaysia’s PETRONAS on Tuesday agreed a Memorandum of Understanding (MoU) with Japanese energy major JERA to cooperate on low-carbon energy initiatives including ammonia and hydrogen.

The pact will see the pair intensify collaboration in the supply chains for ammonia and hydrogen fuels while continuing to advocate for the use of LNG.

Borealis to focus on chemicals, polyolefins as OMV consolidates position

By Tom Brown 8-Feb-21 LONDON (ICIS)--Borealis is tightening its focus on base chemicals and polymers as it prepares to divest the bulk of its fertilizers business after shareholder OMV doubled down on its position in the Austria-headquartered petrochemicals producer.

Source - Borealis

Global Fertilizer Trade Flow Map

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.