Global sulphur prices underwent increases in some key benchmark markets during October, but spot activity nevertheless remained muted, with demand subdued and availability tight. Market participants continue to closely track geopolitical developments.
As the oil and gas industry focus on new requirements for CO2 recovery, cryogenic processes come under the spotlight. Mahin Rameshni and Stephen Santo of RATE USA discuss the importance of cryogenic processes in acid gas sweetening. Liquefied H2 S and CO2 reinjection is proposed as a cost effective alternative to large sulphur plants.
Venkat Pattabathula, a member of the AIChE Ammonia Safety Committee, reports on the American Institute of Chemical Engineers’ (AIChE) Safety in Ammonia Plants and Related Facilities Symposium held in San Diego on 8-12 September 2024.
Market snapshot, 17th October 2024 Urea : Prices firmed in a thin market in mid-October. Middle East values shot up $20/t on expectations that Indian Potash Limited (IPL) would announce another tender to secure tonnes for India in December. If correct, this will follow hot on the heels of the latest Rashtriya Chemicals and Fertilizers (RCF) purchase tender for 0.56 million tonnes of urea. Sohar International Urea & Chemical Industries (SIUCI) sold a November cargo at $390/t f.o.b. with further trader interest reported at $385/t f.o.b. This demand was probably generated by traders positioning themselves for IPL’s expected tender, given that other markets generally remained quiet.
We look at the future of polyhalite mining and its use as a fertilizer following Anglo American’s announcement that investment in its UK-Based Woodsmith mine will fall to zero in 2026 under current plans.
The ‘golden batch’ refers to stable periods at production plants that consistently generate high quality NPK products at high output. Yara’s Golden Batch digital tool digitises and stores past data from optimal production runs, making these easy to retrieve and implement again in future. Yara’s Marianne Ytterbø provides an overview of this novel digital tool, explains how it was developed, and highlights key benefits.
The dry bulk market is forecast to cool, after a year of high freight rates driven by demand shocks. Should ships return to the Red Sea during 2025, then the market will weaken even more. This development, explains BIMCO shipping analyst Filipe Gouveia, would particularly affect the supramax and handysize vessels typically used in fertilizer shipping.
Fertilizer International presents a global round-up of current potash projects.
QatarEnergy has announced the construction of a new world-scale ammonia-urea production complex at Mesaieed Industrial City in Qatar.
The prospect of a drastic expansion in potassium sulphate production has been linked to a plethora of projects in Australia, Ethiopia, and Eritrea. These have sought to take advantage of market tightness and high price premiums. Yet investor interest in supposedly promising projects has waned over the last few years. In this insight article, CRU’s Alexander Chreky explains the reasons behind the high project failure rate, as well as highlighting some limited successes.