In mid-April, Ammonia prices both east and west of Suez remained firmly oriented to the downside, with supply still heavily outweighing demand and suppliers scrambling to place excess tonnage. Bearish market sentiment was exemplified by a Trammo sale to OCP at $415/t c.fr Morocco, $20/t short of Tampa’s c.fr settlement for April and around $44/t down on February.
Urea markets are well supplied at present in spite of Chinese export restrictions, but face volatility due to a number of trade barriers and other non-market pressures.
The Kazakh government has approved the construction of a new ammonia and urea plant in the country’s Mangistau region, on the eastern shore of the Caspian Sea. Construction will be carried out by a joint venture between QazaqGaz National Company and ESTA Construction under Qazesta Fertilizers Ltd. The total investment for the project is $1.35 billion, with construction expected to be completed within three and a half years. The plant’s annual production capacity is projected to reach up to 700,000 t/a of urea and 420,000 t/a of ammonia, adding value to the country’s natural gas production and helping to substitute domestic production for foreign imports of nitrogen fertilizer. Despite a national demand of 3.2 million t/a, domestic production currently only meets about half of that need.
For the first time, K+S is offering farmers low-carbon potash and magnesium fertilizers.
Fertilizer International talks with Jakob Liedberg, the CEO of innovative potassium sulphate producer Cinis Fertilizer.
Alzbeta Klein, CEO and Director General of the International Fertilizer Association (IFA), sets the scene for IFA’s Annual Conference in Monaco, 12-14 May.
PuraLoop is a new fertilizer created from recycled phosphorus. ICL’s Patricia Imas and Lucas van der Saag highlight its main benefits.
We compare and contrast the 2024 financial performance of selected major fertilizer producers following the publication of fourth quarter results.
CRU’s Humphrey Knight visits EuroChem’s newly opened Serra do Salitre phosphate fertilizer complex in southern Brazil.
Trammo, Inc. and ExxonMobil signed a heads of agreement to advance discussions for Trammo’s long-term offtake of 300-500,000 t/a of low-carbon ammonia from ExxonMobil’s Baytown, Texas facility. The facility is expected to produce virtually carbon-free ‘blue’ hydrogen with approximately 98% of CO2 removed, and will use this low-carbon hydrogen to make low-carbon ammonia. Trammo, a leading international physical commodity trader, will leverage its market and logistical expertise to deliver and sell in Europe and worldwide this unique low-carbon ammonia for use as fertilizer feedstock and for other key industrial applications.