Tag: Prices

Market Insight courtesy of Argus Media

The past couple of years have been quite the wild ride, with major global events dominating markets outside of the usual concerns of broad market supply and demand. It seems like a long time ago now, but this time last year, the price of a barrel of Brent crude was about $75. Go back two years, in the wake of the onset of covid restrictions, and that barrel would have cost you $40 (and just $25 a couple of months before that). In the wake of Russia’s attack on Ukraine, you could easily have paid $130, and it has been hovering around $110/bbl for the past few months. The last time oil spent any time at that level was in 2014, just before the Chinese economy ran out of steam and prices slumped by 70%.

Meena Chauhan , Head of Sulphur and Sulphuric Acid Research, Argus Media, assesses price trends and the market outlook for sulphur.

The ongoing recovery from Covid-19 has led to an uptick of sulphur from refineries in regions including the US compared with a year ago. As travel around the global improves, increasing fuel demand points to higher operating rates and improved sulphur recovery.

We compare and contrast the 2021 financial performance of selected major fertilizer producers following the publication of fourth quarter results.

Market Insight courtesy of Argus Media

Certain fertilizer prices are likely to remain above $1,000/t well into 2023, according to Moody’s.

Meena Chauhan, Head of Sulphur and Sulphuric Acid Research, Argus Media, assesses price trends and the market outlook for sulphur.

US refiners have upgraded to take advantage of generally cheaper, sourer crude feeds. However, a ban on oil imports from Russia may make that harder to come by.

The ongoing conflict in Russia-Ukraine remains a key focus for the market in the months ahead. It is unclear whether buyers that are currently doing so will permanently choose non-Russian sulphur sources, but trade flow changes are expected to persist through the rest of 2022.