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Tag: Canada

New contracts for Stamicarbon

Maire Group says that its nitrogen fertilizer technology licensor Stamicarbon has been awarded new contracts related to its NX STAMI UreaTM technology in Canada. The first award is a process design package and the licensing of an integrated urea and diesel exhaust fluid (DEF) production plant currently being developed by Genesis Fertilizers, a farmer-owned consortium, at Belle Plaine, Saskatchewan. The plant will have a urea melt capacity of 2,500 t/d, with operations expected to begin by 2029. Also thanks to a carbon capture and sequestration unit, it will be the first proposed low-carbon nitrogen fertilizer plant in Canada. Stamicarbon will apply its proprietary flash urea melt technology to enhance operational efficiency and reliability while minimising process steam consumption. The plant will also include a DEF facility with a production capacity of 1,500 t/d.

How does inventory change impact sulphur availability and pricing?

In the last two years there have been significant changes to the level and location of sulphur inventory, which has caused swings in short-term supply availability. Inventory plays a necessary role in balancing the sulphur market but exactly when, where, how, and why inventory enters the market can trigger a diverse range of price responses. In this insight article, CRU’s Peter Harrisson looks at how inventory change influences sulphur availability and pricing.

Price Trends

At the end of August, the Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat) tendered for 35,000 tonnes of sulphur for September loading from Ras Laffan, with offer prices reported at or around $130s/t f.o.b., according to market sources. Bids were received at multiple levels, with market participants initially anticipating awards around the mid-$120s/t f.o.b. The tender result was higher than market expectations and would equate to delivered prices to key Asian markets at $150-155/t c.fr. But prices in China and Indonesia remained lower this week at around $140-145/t c.fr, with India at $145-150/t c.fr. Prices have increased steeply since Muntajat’s 25 June session, which was indicated awarded in the mid-$80s/t f.o.b.. and Muntajat posted its Qatar Sulphur Price (QSP) for September at $125/t f.o.b., up $19/t from $106/t f.o.b. in August. This represents the highest QSP since March 2023 at $133/t f.o.b., and reflects delivered levels to China nearing $150/t c.fr at current freight rates. Tight supply and strong downstream demand have pushed tender prices higher. Muntajat tenders were previously awarded at $92/t f.o.b. in April, up from $88/t in March and the low $80s/t f.o.b. in February.