Fertilizer International 512 Jan-Feb 2023
31 January 2023
We look ahead at fertilizer industry prospects for the next 12 months, including the key economic and agricultural drivers likely to shape the market during 2023.
The sulphuric acid market is seeing a contraction due to lack of sulphur availability, demand destruction in the phosphate sector and restricted Chinese exports.
Ambitious expansion plans face exposure to trade route disruption.
• The global sulphur market outlook is flat to soft in the near term: most
Most key sulphur import markets remained stagnant in late August due to weak demand. A premium is being paid for cargoes with guaranteed delivery schedules, driven by ongoing logistical risks in the Middle East. This has firmed prices in North America and Indonesia, but the potential return of supply from Russia and Kazakhstan may add some downward pressure.
The scale up of low carbon hydrogen has proved slower, more selective and more geographically concentrated than the ambitious plans announced earlier in the decade had anticipated.