In this market insight, the ICIS fertilizer team takes a look at the supply-demand scenario for the final three months of the year and the main developments that are expected to affect all products in the fourth quarter of 2017.
The phosphates market has grown in the Asia-Pacific region in 2017, with new plants coming onstream and exports rising out of major regions.
In this infographic, ICIS takes a look at the major producers in the region, hot spots of demand and new projects that will affect the market in the next three years.
Sulphuric acid supply is expected to remain globally short until the first quarter of 2018 because of a heavy fourth quarter smelter turnaround schedule. Spot prices have increased tightly during the second quarter as buyers turn to the typically more expensive burned sulphuric acid due to the lack of smelter sulphuric acid on the market. The increased reliance on burned sulphuric acid, which is largely being sourced from China, has had a knock-on effect on upstream sulphur prices.
In this whitepaper on the urea capacity additions in the US, ICIS Market Editor Mark Milam takes a look at how new production facilities by Iowa Fertilizer Company (IFCo) and Canadian producer Agrium in Iowa and Texas have added to the fertilizer manufacturing uptick in North America, and could reduce the degree of domestic reliance on yearly imports from foreign producers.
Africa is a leading importer of ammonia for use in downstream phosphates and nitrates production, as well as operations in the chemicals and mining sectors. While Algeria, Egypt and Libya all boast ammonia plants, not much material is exported from those countries to elsewhere on the continent, as this Infographic shows.
Fertilizer trends, past and present, showing key benchmark prices and some of the major sea changing events that have happened across the fertilizer sector from IFA Sydney 2014 to IFA Marrakesh 2017.
The North America sulphur markets have grown tight in the last month of Q1 on a combination of oil sands divestments, plant outages and turnarounds. Export prices firmed at the beginning of the year in Vancouver and California, but softened in March as outside demand quieted.
The urea market has seen a downward correction in February with domestic demand slowing in key markets including China and the US. Real buying interest is yet to return and there is a lot of talk of whether prices are close to a bottom or if there is more pain ahead.
In this piece, ICIS editor Deepika Thapliyal looks at the key factors affecting the urea market.
Like other commodities, fertilizers face an uncertain 2017 due to political and economic uncertainty on both sides of the Atlantic, with consolidation expected by players looking to follow in the footsteps of Canadian giants PotashCorp and Agrium – who should receive regulatory approval for their mega-merger in the summer.
The chief executive of Anglo-Australian mining major BHP Billiton said that the long-term outlook for potash remains strong and that the company will continue to pursue its big Jansen potash project in Canada's Saskatchewan province.
Yara expects European energy costs to fall in the second half of 2013 and is interested in constructing a fertilizer plant in Africa if it can secure a long-term gas agreement, senior executives of the leading fertilizer producer said.
Globally, around 75m tonnes of sulphur are produced on an annual basis, primarily as an involuntary byproduct from oil and gas processing.
Unlike the farmers who have benefitted from the boom in commodities, Illinois-based CF said it would not like to see another return to peak pricing.
China’s urea production is expected to increase in 2012, exceeding growth in downstream demand, with producers to face stiff competition amid a weak supply demand outlook.
Russia’s Acron Group has been given the green light to construct a $420m (€319m) energy-efficient ammonia plant at its manufacturing complex in Veliky Novgorod, the fertilizer producer announced.
How are the global fertilizer markets fairing for 2013?
The drought affecting a broad swath of the US may be the worst in more than half a century, sources said, but it may not have much of an effect on fertilizer demand or prices.
This market analysis looks at new ammonia capacity that is starting up over the next 12 months and how much of it is destined for captive downstream urea and phosphates production.
Sirius Minerals has signed several agreements with fertilizer distributors and manufacturers in the UK and central Europe covering future sales from its planned potash mine in north Yorkshire, in the UK, the global mining company said.
Mosaic’s long-term outlook for the fertilizer industry remains positive, despite declining fundamentals for crop nutrients, CEO James Prokopanko said.
The tragic explosion at West Fertilizer in April 2013 put the fertilizer industry under the spotlight. The US Government is working with the industry players and national safety bodies to put in place further safeguards following a review chemical safety regulations.
The Uralkali CEO’s arrest has yet again raised further market uncertainties and price volatility.
- 26 August - Uralkali CEO arrested in Belarus
- 29 August - Russia restricts oil shipments to Belarus
- 2 September - Belarus issues arrest warrant for Uralkali co-owner
Download this free article now which summarizes the recent potash market development and key events from July to early September.