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Latest Market News

Sulphuric acid Malawi production resumes for Lotus

  • Spanish Market: Fertilizers
  • 13/08/26

Sulphuric acid production and uranium processing has resumed at Lotus Resources' Kayelekera uranium mine, the company announced on 12 August.

Both the acid plant and processing plant were halted in June "following the disruption of third-party acid supply and a setback in the commissioning of the acid plant, due to the partial failure of refractory bricks within the sulphur furnace".

The acid plant has sufficient sulphur inventory onsite and supply visibility for the remainder of 2026, managing director Greg Bittar said. This is a key strategic project for Kayelekera and "will deliver improved acid supply security and significantly reduced reagent costs", he added.

The sulphur burner is understood to produce around 73,000 t/yr of sulphuric acid, requiring around 24,000 t/yr of sulphur to operate at full capacity.

By Fenella Rhodes

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12/08/26

Argentinian Profertil’s urea output rises 16pc in 1H26

Argentinian Profertil’s urea output rises 16pc in 1H26

Amsterdam, 12 August (Argus) — Argentina's Profertil produced 16pc more urea on the year at 617,000t in January-June, according to 90pc shareholder Adecoagro. The plant produced 340,000t of urea in the second quarter, up from 279,000t a year earlier. Adecoagro used figures on a pro forma basis from last year to compare with the period prior to the acquisition of its controlling stake in the Bahia Blanca plant in mid-December 2025. Adecoagro attributed the increase to a higher number of operational days compared with the first six months of last year, when operations halted for 31 days, the firm said in its earnings statement. The halt was largely because of a flood that affected gas supplies to the facility. Profertil sold 404,000t of urea in the first six months, down from 433,000t a year earlier. Urea revenues hit $250mn in January-June, up by 30pc from $192mn a year earlier, as prices spiked in line with international levels after the start of the Iran war at the end of February and ensuing constriction of shipments from the Middle East. The Profertil plant has 1.3mn t/yr of granular urea capacity and is the only urea facility in the country. But Pampa Energia aims to establish a competing 2.1mn t/yr urea facility in about 40 months, also in Bahia Blanca. By Harry Minihan Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

Pupuk Indonesia closes initial DAP buy round

11/08/26
11/08/26

Pupuk Indonesia closes initial DAP buy round

Singapore, 11 August (Argus) — State-owned fertilizer group Pupuk Indonesia has closed the initial submission round for its DAP buy tender on 10 August, according to market participants. The company had issued a tender on 7 August to buy 90,000t of light or yellow granular 16-45 and/or 18-46 DAP for shipment in September-November on behalf of four of its subsidiaries. The date for the e-auction round for price submissions has not been announced. Offers must be submitted on a cfr basis, based on the 18-46 DAP. Offers for 16-45 DAP should be converted to the equivalent 18-46 DAP price. Pupuk Sriwidjaja Palembang (PSP) is seeking 30,000t of DAP for delivery to Boom Baru port, through six shipments of 5,000t each in September-December. Petrokimia Gresik (PKG) is seeking one lot of 20,000t DAP for delivery to Gresik port in October. Pupuk Kalimantan Timur (PKT) is seeking 20,000t of DAP for delivery to Bontang port through two 10,000t monthly shipments in October-November. Pupuk Kujang (PKC) is seeking 20,000t of DAP for delivery to Tanjung Priok and/or Cigading port through one 10,000t lot each in September and November. Pupuk Indonesia last awarded its tender seeking 45,000t of DAP on 16 July at $877/t cfr. By Hui Xuan Lek Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

US extends but narrows Jones Act waiver

10/08/26
10/08/26

US extends but narrows Jones Act waiver

New York, 10 August (Argus) — President Donald Trump's administration said it will continue to waive domestic shipping requirements under the Jones Act for another 90 days, albeit with stronger oversight than the previous waiver. The waiver, first enacted 17 March, will now require the Department of Defense to consult with the US Maritime Administration (MARAD) on the availability of Jones Act vessels prior to an individual shipping voyage before determining whether the waiver can be applied, a White House official told Argus . This marks a shift from the waiver's current iteration, valid through 16 August, that relies on the vessel operator or charterer documenting their reasoning. As of 7 August, MARAD data show that around half of the reasons given for the 212 documented Jones Act waiver voyages simply cite the shipment's coverage under the waiver, while only 19 entries mention Jones Act vessels not being available. The new waiver still covers most products that were covered previously, such as diesel, gasoline, crude, soybean oil and fertilizers, but coal and coal-derived products are no longer allowed, according to the official. US-based shipping groups expressed strong opposition to a waiver extension, particularly under the existing blanket waiver authority used since March. "The government can respond to a genuine emergency without turning an exceptional waiver into a standing invitation for foreign operators to enter routine domestic commerce," former US federal maritime commissioner William Doyle said in an op-ed in the Washington Examiner on 10 August. The Trump administration issued the waiver of the Jones Act — which allowed foreign flagged and owned vessels to carry US-to-US shipments in place of US-flagged, US-owned and US-crewed vessels — on 17 March on national security grounds under section 501a and later extended it by 90 days. But some of the voyages conducted under the waiver have been criticized by the domestic maritime industry as not serving any national security purpose . The waiver was issued to ensure US airfields and military installations are properly supplied with fuel, but has otherwise been highly popular with US refiners. Republican lawmakers urged Trump in July to restore the Jones Act, calling the waiver "a loophole exploited by adversarial countries to erode America's maritime dominance". By Charlotte Bawol Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

Lithuania’s Lifosa phosphates plant suspends production

07/08/26
07/08/26

Lithuania’s Lifosa phosphates plant suspends production

London, 7 August (Argus) — Lifosa, Eurochem's phosphate plant in Lithuania, has now suspended production across all products, Argus understands. The suspension could not be directly confirmed with the producer. But it follows reports at the end of July that Lifosa was preparing to come off line because of high raw material costs. The plant has an annual capacity of 1mn t of DAP/MAP/NPS, 220,000t of MCP feed phosphate and 35,000t of tMAP. News of the suspension helped to encourage suppliers to raise DAP prices across Europe in the final week of July. But demand is poor and offers at €870/t fca in Germany and Benelux are so far failing to attract interest. Morocco's OCP this week reported selling 8,000t of DAP/MAP at the equivalent of the low to mid-€850s/t fca west European seaports at current exchange rates. By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

Kuwait's KPC drops August sulphur price by $85/t

04/08/26
04/08/26

Kuwait's KPC drops August sulphur price by $85/t

London, 4 August (Argus) — Kuwait's state-owned sulphur producer KPC has set the August Kuwait Sulphur Price (KSP) at $865/t fob Kuwait, down by $85/t from the July KSP of $950/t fob. Freight rates as of 30 July were $140-145/t for a 30,000-35,000t shipment to Chinese ports. This implies a delivered cost of $1,005-1,010/t cfr, although additional insurance premiums are raising prices further on a delivered basis. Additional costs are said to be as much as $200/t for a 30,000-35,000t vessel, accounting for both freight and additional insurance premiums payable for those vessels willing to accept a higher risk of entering the strait of Hormuz, implying a delivered cost as high as $1,065-1,070/t cfr China. By Maria Mosquera Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

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