Potash
Overview
The potash market has been disrupted from its traditional trade flows and typically slow-moving price cycles, affected by new entrants, new mines, military conflicts and political tensions in countries that either produce or consume some of the largest quantities of potash in the world. The need for accurate insight and data is more acute than ever.
Our extensive potash coverage includes MOP, SOP and NOP. Argus has many decades of experience covering the potash market and we incorporate our multi-commodity market expertise to provide potash price assessments, analysis and data that provides the full narrative.
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Latest potash news
Browse the latest market moving news on the global potash industry.
Egypt's NCIC awards SOP sales tender
Egypt's NCIC awards SOP sales tender
London, 27 September (Argus) — Egyptian SOP producer NCIC made awards against its 25 September sales tender for 2,000t of water-soluble SOP for loading by the end of October at $655-660/t fob equivalent. It was likely to have been sold to the domestic market. The sales tender marks the first time in two years that the Egyptian fertilizer producer had offered SOP for export. It was previously undergoing maintenance on some of its ovens and supplying to the domestic market exclusively. NCIC said it is now operating at full capacity, producing both water-soluble and powdered SOP, at a capacity of 50 t/day. SOP supply remains tight globally. The return of NCIC as well as the recent exports from Cinis Fertilizer's new 100,000 t/yr SOP plant in Sweden may relieve some pressure on water-soluble SOP availability in the coming months. But this additional supply may be offset by a potential reduction in European supply, where Mannheim producers are struggling to procure liquid sulphur for their operations. By Nykole King Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
Sweden’s Cinis Fertilizer to export first SOP vessel
Sweden’s Cinis Fertilizer to export first SOP vessel
London, 16 September (Argus) — Cinis Fertilizer, a Swedish company aiming to produce sustainable fertilizers from the pulp-and-paper and car-battery industries, is scheduled to ship its first SOP vessel this week from its new Ornskoldsvik facility in Sweden. The Stroombank arrived at Kopmanholmen port in Sweden yesterday, according to vessel tracking data, and will load around 4,000t of water-soluble SOP for Dutch speciality producer Van Iperen. The vessel will be bound for Westdorpe near Terneuzen in the Netherlands, where Van Iperen will bag the product before moving it to Rotterdam for export to its customers. This first vessel contains SOP that is both on-specification as well as off-specification. The 100,000 t/yr Ornskoldsvik plant was commissioned in early June and production at the plant is continuing to ramp up with the aim of reaching full capacity in the second half of the year. The plant will produce both standard and water-soluble SOP, and is the first of a variety of SOP projects that Cinis plans to develop. Cinis shipped its first batch of water-soluble SOP from the plant by truck to Van Iperen in early July. Van Iperen has a 10-year agreement with Cinis to purchase all of the SOP produced at Cinis' first two plants, with a total capacity of 300,000 t/yr. By Julia Campbell Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
Norfolk Southern replaces CEO with CFO
Norfolk Southern replaces CEO with CFO
Washington, 12 September (Argus) — Eastern Class I railroad Norfolk Southern (NS) has appointed a new chief executive, replacing former executive Alan Shaw after determining he violated company policies by having a consensual relationship with the company's chief legal officer. NS' board announced late Wednesday that it had promoted chief financial officer Mark George to replace Shaw. The board said Monday it was investigating Shaw for potential misconduct in actions not consistent with NS' code of ethics and policies, but did not provide details. The railroad yesterday clarified that Shaw's departure was not related to the railroad's "performance, financial reporting and results of operations". Instead, the board voted unanimously to terminate Shaw with cause, effective immediately, for violating policies by engaging in a consensual relationship chief legal officer Nabanita Nag. She was also dismissed by NS. Shaw worked at NS for 30 years and was appointed chief executive in May 2021, following six years as chief marketing officer. Earlier this year he led NS through a proxy fight with a group of activist investors that sought his replacement. The overall effort failed but the challengers secured three seats on the board . The investors had been displeased with the railroad's financial performance and "tone deaf response" to the February 2023 derailment in East Palestine, Ohio . New chief executive George had served as NS' chief financial officer since 2019. Prior to that, he held roles at several companies including United Technologies Corporation and its subsidiaries. "The board has full confidence in Mark and his ability to continue delivering on our commitments to shareholders and other stakeholders," NS chairman and former Canadian National chief executive Claude Mongeau said. By Abby Caplan Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
Jordan’s APC eyes potash growth in Europe
Jordan’s APC eyes potash growth in Europe
London, 11 September (Argus) — Jordanian potash producer APC has established a new European subsidiary in Zug, Switzerland — APC Trading and Logistics Europe (APC Europe) — to help strengthen and expand its presence in the European market. The producer aims to increase sales volumes to Europe and enhance its customer service through the new entity, which will manage all stages of sales and logistics including storage, handling, re-shipping and distribution. It has rented storage facilities at Antwerp in Belgium and Terneuzen in the Netherlands to facilitate this. From these ports, the company can re-ship and distribute its products to customers across Europe, including those in France, Spain, the UK, Ireland, Benelux and eastern Europe using small vessels, river barges and trucks. Additionally, APC has been able to facilitate transshipment operations through these ports to reach even more customers. APC is already working with major buyers in north and northwest Europe, and has also developed a new European-standard potash grade to meet the specific customer needs. APC chief executive Dr Maen Nsour emphasised that its new logistical arrangements have meant that the producer can now benefit from shipping large volumes at lower freight costs compared with using smaller vessels, which were typically costlier and more difficult to source. In early September, APC Europe shipped its largest vessel of potash to Europe on the MV Draftvader , which was loaded with 54,800t of fine, standard and granular MOP for Belgium and the Netherlands. Vessel tracking data show that the vessel left Aqaba on 3 September. APC Europe plans to eventually expand its reach to southern Europe, in collaboration with partners such as the Arab Fertilizers and Chemicals Industries Company. The establishment of APC Europe shows the company's commitment to the continent. APC has been steadily growing its presence in Europe in recent years and has been diversifying its product portfolio to expand into new markets. APC chairman Eng. Shihadeh Abu Hdaib noted the importance of the European market as it would help to mitigate risks associated with the current volatile geopolitical climate, and balance the company's global sales. Increased disturbances to commercial shipping in the Red Sea since late 2023 have probably encouraged the company to pivot its focus more to the west. APC loads all of its potash from Aqaba in the northern part of the Red Sea, and freight rates have surged for vessels traversing the Red Sea as a result. Abu Hdaib also highlighted that its traditional markets have been facing strong price competition because of changes in global trade routes, which also led the company to strategically expand to new markets and regions. By Julia Campbell Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
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