Shutdowns in technical ammonia capacity due to the pandemic have contributed to make 2020 a turbulent year for ammonia markets, but plant shutdowns, strong fertilizer demand and a shortage of new merchant ammonia capacity are contributing to finally removing the burden of overcapacity.
As the Covid-19 pandemic continues, 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 2021.
Despite the unprecedented economic woes inflicted by the Covid-19 pandemic, the global MOP industry still managed to endure in 2020, says Andy Hemphill , senior editor for potash at ICIS Fertilizers, thanks to its ‘essential’ status.
No one in this industry should ever need a reminder that commodity markets are cyclical. The corollary of that is – every once in a while – markets can, and will, abruptly change direction.
The United States has imposed duties on Russian and Moroccan phosphate imports.
Alzbeta Klein will become the new director general (DG) of the International Fertilizer Association (IFA) on 11th January 2021. She succeeds Charlotte Hebebrand who resigned in May to become Nutrien’s chief sustainability officer and executive vice president (EVP) for stakeholder relations. Patrick Heffer is currently acting as IFA’s interim DG.
Illinois-headquartered CF Industries has made a long-term commitment to low-carbon ammonia production and net-zero emissions.
Latin America has confirmed its status as a pre-eminent global marketplace for fertilizers. We report on demand growth and fertilizer supply and capacity developments within this diverse region.
Brazil’s phosphate industry is on a growth dash to meet rising domestic demand. We report on the major acquisitions, investments and expansions by CMOC, Mosaic, Yara and Itafos.
Alistair Wallace , Head of Fertilizer Research, Argus Media, assesses price trends and the market outlook for nitrogen.