Market Outlook
• Short-term outlook: Ammonia benchmarks are expected to remain under upward pressure. The PAU turnaround removes a key supply source from an already tight SE Asian market.
Tag: Ammonia
Price Trends
Global ammonia benchmarks pushed to fresh highs in April, with a reported trade from Egypt to NW Europe at $905/t c.fr, marking the highest Atlantic level seen since the Middle East conflict began. The move was driven primarily by tightening North African supply, with Algerian offer levels climbing to $840-850/t f.o.b., and Egyptian availability constrained by EBIC being sold out through June, together with limited prompt tonnage from Abu Qir.
GPIC down after Iranian drone attack
Bahrain’s Gulf Petrochemical Industries Company (GPIC) says that its ammonia, urea and methanol plants remain offline following an Iranian drone attack and subsequent fire at the site. No injuries were reported from the incident.
Blue ammonia start-up delayed at Beaumont
Woodside Energy has formally assumed control of the Beaumont New Ammonia (BNA) facility in Texas, following the completion of performance testing by previous owner OCI. However, speaking at a recent press briefing for Woodside’s quarterly results, CEO Liz Westcott admitted that the switch to carbon capture and storage at the 1.1 million t/a ammonia facility was now being delayed to 2027.
Romgaz moves on Azomureș deal as clock ticks
On 6 May, Romanian gas producer Romgaz said it had agreed key terms to take over the Azomureș fertiliser plant, weeks after the Ameropa‑owned producer started a 45‑day restructuring process and warned it could mothball the site without a deal.
LSB eyes full control of El Dorado CCS
LSB Industries, a US-based producer of ammonia and industrial chemicals, has agreed a deal with carbon capture developer Lapis Carbon Solutions to secure a pathway to full ownership of its El Dorado CCS project in Arkansas.
Petrobras restarts UFN-III fertiliser project with $1bn investment
Petrobras has approved the resumption of construction on its long-delayed UFN-III nitrogen fertiliser plant in Três Lagoas, signalling a renewed push into Brazil’s domestic fertiliser market.
Drone strikes hit Russian nitrogen plants
Ukrainian drones struck a chemical plant at Cherepovets, Vologda Oblast, on 13 April, with videos circulating on social media platform Telegram...
Uhde wins BFI export infrastructure FEED contract
Germany’s thyssenkrupp Uhde has been selected by Brunei Fertilizer Industries (BFI) to execute the ...
MB Energy to build ammonia import terminal in Hamburg
MB Energy says that it has received approval from the Hamburg Authority for the Environment, Climate, Energy and Agriculture (BUKEA) for the construction and operation of a new ammonia import terminal. Subject to final investment approval, the facility is planned for the Blumensand tank farm site in the Port of Hamburg.