Overview

The fertilizer industry has seen dramatic changes in market dynamics, with challenges posed by policy and regulatory changes, political instability, conflicts and new macroeconomic realities. The drive towards energy transition and ambitious zero-carbon goals has also opened up the industry to new entrants and new opportunities.

It is more vital than ever for market participants to have the full picture – to capitalise on the opportunities and manage the risk of the challenges.

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Latest fertilizer news

Browse the latest market moving news on the global fertilizer industry.

Latest fertilizer news
16/04/24

Urea prices remain under pressure on latest sales

Urea prices remain under pressure on latest sales

Amsterdam, 16 April (Argus) — Price indications for urea in north Africa and from the Black Sea have fallen, while fresh sales for Nigerian urea have taken place at $255/t fob, as the market continues to shrug off tensions in the Middle East. Nigerian producer Dangote has sold two 30,000t cargoes of granular urea, probably at around $255/t fob for loading in the second half of this month. Bids were heard in the low $250s/t fob and below last week. Indications for Egyptian granular urea to European markets have slipped to $300-305/t fob with bids at $295/t fob and below. Argus assessed urea at $305-310/t fob Egypt for Europe yesterday. Indications for Algerian urea to Europe broadly span $300-310/t fob. A supplier has sold a small lot of Turkmen granular urea at around $260/t fob Poti for loading in the first half of next month, down from offers around $270/t fob at the end of last week. US loaded barge prices have also slipped to $300-310/short ton fob Nola, framed by bids and offers, having traded at $311/st fob yesterday. Full-April barges traded at $304/st and $305/st fob earlier today. The physical urea market has mostly brushed aside the intensifying tensions in the Middle East, after Iran fired drones and missiles at Israel on 13 April, with two cargoes probably concluding lower at $255/t fob Iran on 15 April . Iran exported about 5mn t of urea last year, while the Middle East accounted for 19mn t out of 52mn t of global trade, Argus data show. By Harry Minihan Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

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Latest fertilizer news

India’s GSFC seeks revised DAP offers


16/04/24
Latest fertilizer news
16/04/24

India’s GSFC seeks revised DAP offers

London, 16 April (Argus) — Indian importer GSFC has asked for revised offers under its 9 April tender to buy 50,000t of DAP. Three trading firms made initial offers and are now negotiating with GSFC. GSFC wants their revised offers submitted by 18 April. The firm had sought offers for 25,000t of natural-coloured DAP and 25,000t of coffee-coloured/brown DAP for May arrival at Mundra/Kandla on India's northwest coast. The lowest offer was around $542/t cfr. GSFC will now accept shipment in May with arrival after the end of the month. DAP prices in India have fallen from the mid-$590s/t cfr in early March as the resumption of Chinese exports encouraged trading firms to offer their lowers in successive tenders. But Indian DAP buying has been limited to state-owned importers. The private sector has stayed on the sidelines while prices remain above the breakeven level of around $509/t cfr, given the DAP nutrient-based subsidy of 21,676 rupees/t for April-September and the maximum retail price of Rs27,000/t. Recent DAP spot offers from trading firms have been as low as around $540/t cfr India. By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Latest fertilizer news

Agriflex to supply phosphoric acid to Lithium Australia


16/04/24
Latest fertilizer news
16/04/24

Agriflex to supply phosphoric acid to Lithium Australia

Singapore, 16 April (Argus) — Australia-based phosphate rock producer Agriflex has agreed to supply high-quality phosphoric acid to Lithium Australia for its lithium-iron phosphate (LFP) or lithium manganese iron phosphate (LMFP) production. The firms have signed a non-binding initial agreement, which envisages Lithium Australia building a demonstration plant with an estimated capacity of 250 t/yr of LFP or LFMP, potentially in Queensland. The plant will require around 200-300 t/yr of phosphoric acid, Agriflex's parent company Centrex said on 16 April. Lithium Australia will move on to build a commercial plant with an estimated capacity of around 25,000 t/yr of LFP or LMFP if the demonstration plant is successful and following pre-qualification of cathode powders. The commercial plant will need 20,000-25,000 t/yr of phosphoric acid. No timelines were provided, except that the initial agreement will run for a period of 24 months. Agriflex will conduct a study to produce high-quality phosphoric acid with low impurity content in Queensland for supply to Lithium Australia. The two firms are committed to building a battery supply chain domestically in Australia, to provide global battery producers an alternative supply source for LFP and LFMP. By Huijun Yao Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Latest fertilizer news

Tight supplies limit South Korea’s 1Q sulacid exports


16/04/24
Latest fertilizer news
16/04/24

Tight supplies limit South Korea’s 1Q sulacid exports

Singapore, 16 April (Argus) — South Korea exported 583,400t of sulphuric acid during January-March, 5pc less than a year earlier, according to GTT data, because of production issues and a scheduled turnaround. Sporadic production issues at LS Metals and Materials' Onsan smelter from last year's final quarter reduced export availability from South Korea, pushing buyers to source cargoes from alternative origins like Japan or China. The producer also carried out a scheduled month-long maintenance in March, further cutting production. Spot fob South Korea/Japan prices hovered between $5-13/t fob during this year's first quarter. This provided some much needed stability to prices compared with a year earlier, as high inventories at producers pushed prices into negative territory to a low of -$9/t fob on 23 February 2023. Shipments to India and Thailand fell by 45pc and 21pc from a year earlier to 116,000t and 88,100t respectively, while exports to Saudi Arabia also fell by 78pc to 4,800t. Shipments to Chile more than trebled from the previous year to 161,200t, with the bulk of the cargoes booked to cover annual contracts. Deliveries to mainly high-pressure acid leaching projects in Indonesia rose by 51pc to 76,800t, to supplement operating rates before the start-up of several sulphur burners. South Korea's sulphuric acid shipments in March rose by 5pc from a year earlier to 192,700t, following a round of spot buying from Indonesia and a shutdown at a sulphur burner in Vietnam. Exports to Indonesia in March more than trebled against last year to 39,000t, following a round of spot buying from buyers like stainless steel producer Tsingshan. Exports to Vietnam also increased by 23pc to 9,200t, with cargoes replacing lost supplies because of the closure of a sulphur burner. Exports to India and Thailand slipped by 54pc and 63pc to 37,400t and 13,900t respectively. By Deon Ngee South Korea sulphuric acid exports ('000t) Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Latest fertilizer news

Ameropa taps Zacharias to serve as CEO


15/04/24
Latest fertilizer news
15/04/24

Ameropa taps Zacharias to serve as CEO

Houston, 15 April (Argus) — Swiss agribusiness Ameropa has tapped fertilizer subsidiary head Josh Zacharias to serve as chief executive starting today. Zacharia succeeds former chief executive William Dujardin, who resigned 30 November for personal reasons after nearly four years in the role. Zacharias was promoted from chief executive of Ameropa's subsidiary Azomures, a nitrogen fertilizer producer in Romania. Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.