Although the Covid-19 pandemic has been the big story in every market this year, the disruption and dislocations that this has caused have masked some of the bigger trends in the urea market, such as the revival of Chinese exports and India’s push for self-sufficiency.
On June 30th, following clearance from the European Commission, Outotec completed the year-long merger of Metso’s Minerals business with Outotec via a partial demerger of Metso. The newly formed company, Metso Outotec, will focus on leadership in sustainable minerals and metals processing and recycling technologies. Headquartered in Finland, Metso Outotec employs over 15,000 professionals in more than 50 countries and its combined sales for 2019 were e4.2 billion.
There was a rapid increase in sulphuric acid demand for copper, uranium and nickel leaching from 1995-2015, but over the past few years growth in this sector has slowed dramatically. Now however there are signs that demand is starting to pick up again with several new projects under development.
Kreber’s R&D department has been researching the prilling of sulphur in pursuit of the ideal process. In this article, T. Nieboer of Kreber recounts the history of prilling up to today, tracing the developments and highlighting the challenges that still remain.
Sulphur demand in Australia has been boosted by the restart of the nickel leaching plant at Ravensthorpe, and new HPAL projects are under development, but a slew of new phosphate projects are not scheduled to consume more acid domestically.
Agricultural markets represent 75% of nitrogen demand worldwide. Rising populations, changing crop types, moves towards sustainability and the spread of speciality fertilizers and new technologies are all changing the market for nitrogen fertilizers, but the Covid pandemic may affect markets in a variety of different ways.
Merchant ammonia capacity, only a relatively small 10% of overall ammonia demand, has been expanding in recent years and was already in surplus even before the current Covid crisis, but longer term a shortage of new projects may tighten the market again.
The fertilizer industry’s ‘essential’ status is no barrier to bearish pricing, according to Andy Hemphill, senior markets editor for potash at ICIS Fertilizers.
The phosphates market to date has remained remarkably resilient during the Covid-19 pandemic. Despite early fears, 2020 has seen strong overall demand so far and no major supply-side disruptions. But concerns still lie ahead, as Alberto Persona , principal phosphate analyst at Fertecon/IHS Markit, explains.
Sulphur is becoming an increasingly important crop nutrient – due to a combination of lower sulphur emissions, the increasing prevalence of high-analysis fertilizers and higher cropping intensity.