While phosphate fertilizer production represents the main slice of demand for elemental sulphur and sulphuric acid, sulphur fertilizers continue to be a growing sector of demand due to changes in the way that we use sulphur.
Some 1,400 delegates from 533 companies and 83 countries gathered in Prague, Czech Republic, for the 90th International Fertilizer Association (IFA) Annual Conference, 22 May – 24 June 2023. We report on the main highlights of this three-day flagship event.
Market Insight courtesy of Argus Media. Urea: While prices mostly fell in mid-August, the main development was the massive purchase of Chinese urea by Indian Potash Limited. IPL confirmed that, out of a total tender settlement of 1.759 million tonnes, one million tonnes will be met by Chinese exporters. This far exceeded expectations and added to the already bearish sentiment of most market players.
Many crops are sensitive to chloride due to a genetic susceptibility. Similarly, crops can become stressed when soil salinity reaches high levels, a situation that typically occurs in water scarce regions. So, when is low-chloride crop nutrition needed? Dr Heike Thiel of K+S Minerals and Agriculture GmbH provides some answers.
Applications of chloride-containing fertilizers need to be carefully managed for crops such as berries, broad beans, citrus fruits, nuts, potatoes and stone fruits. Selecting chloride-free nutrient sources instead can offer distinct advantages.
Market Insight courtesy of Argus Media. Urea: There was a general price upswing for both urea and ammonium nitrate in mid-June, while ammonium sulphate and urea ammonium nitrate (UAN) prices remained weak. Urea prices were pushed up in most regions as traders sought to secure cargoes across the globe – resulting in granular urea deals from the Baltic ($260-280/t f.o.b.), Egypt ($312-335/t f.o.b.), Middle East ($253-280/t f.o.b.) and China ($308-310/t f.o.b.).
Yara International is to build a major new speciality fertilizer and biostimulant production plant near York.
Tony Will, the president and CEO of CF Industries, is the new chair of the International Fertilizer Association (IFA). He was elected in June alongside a number of other executive board members and board directors.
BHP is committed to investing $5.7 billion to complete the first stage of the Jansen project and bring it into operation by the end of 2026. This under-construction Saskatchewan mine will then ramp up to produce more than four million tonnes of potash annually before the end of the decade.
In September last year, one of the largest mining equipment and technology deals in history closed when FLSmidth finally completed its purchase of thyssenkrupp Mining. We look at the implications for the fertilizer sector and phosphate and potash mining.