Tag: Prices

With Europe facing a long-term shortage of natural gas, and Russia looking east for new customers, how will changing global gas markets affect production of key syngas-based chemicals?

Ammonia prices registered another week of losses at the start of January, with supply options continuing to outweigh demand in most regions. Prices have been falling steadily for the past twelve weeks, as the market rebalances after production curtailments across Europe for much of 2022. Steady falls in gas pricing over the past few weeks have put production costs firmly below today’s import price, with European production now scheduled to ramp up at many plants this month.

The market is anticipated to correct lower throughout the rest of the first quarter. Once a clearer picture over seasonal fertilizer demand in Europe emerges, this could stabilise downward momentum.

Market Insight courtesy of Argus Media

An eclectic mix of delegates from established fertilizer companies and technology start-ups gathered in Dallas, Texas in September for CRU’s inaugural AgriTech Forum. We report on the highlights of this lively networking event.

The Russian-Ukraine conflict and price volatility have affected the supply/demand dynamics of the Brazilian fertilizer market and the buying behaviour of growers. As a consequence, Brazil’s fertilizer consumption is expected to fall for the first time in eight years. Debora Simoes and Cleber Vieira of leading consultancy Agroconsult offers their key market insights.

New supply-side capacity additions in 2023 will increase export availability from the Middle East. Projects have already been ramping up in Qatar, Saudi Arabia and Kuwait.

Meena Chauhan, Head of Sulphur and Sulphuric Acid Research, Argus Media, assesses price trends and the market outlook for sulphur.

Sulphur markets suffered a correction in July-August that was more of a collapse; from $500/t to less than $100/t. Though it seems to have been something of an over-correction, and prices have moved back up since then, it is one of the most extreme price swings that sulphur has ever seen, comparable to the peak and precipitous fall in 2008. Indeed, at a time when commodity prices of all kinds have seen extremely high levels of volatility, sulphur has been more volatile still than just about all of them.

Market Insight courtesy of Argus Media