Tag: Prices

The ammonia industry faced a difficult February, due to extremely cold weather conditions in the northern hemisphere. In the US, production outages resulting from winter storm Uri affected up to 7 million t/a of capacity.

Market Insight courtesy of Argus Media

Suddenly it’s a good time to be a sulphur producer again. Sulphur prices started 2020 at a low point of $40/t, a level not seen for a decade or more. However, after a slight recovery when the pandemic hit and refineries began reducing production, since August the market trend has been rapidly upwards, now approaching levels of $200/t that have not been seen for a couple of years.

The profound demand shock caused by Covid-related lockdowns has had a major impact upon the refining industry. Run rates have been at low levels in North America and Europe, and a new wave of rationalisation is under way, at the same time that capacity continues to grow in Asia. Will this spur diversification into petrochemicals and low carbon options for Atlantic basin refiners?

Sour gas processing presents a number of unique challenges, especially at high levels of hydrogen sulphide and carbon dioxide content.

Demand for nickel sulphate is expected to rise rapidly this decade to feed increased battery production for electric vehicles. At the same time, diminishing sources of high grade nickel ores are leading to a renewed focus on high pressure acid leaching (HPAL) of laterite ores, with a significant impact on sulphur and sulphuric acid demand.

Restrictions and lockdowns across the globe have significantly reduced oil demand, impacting refinery run rates. This has aided in reducing sulphur liquidity, supporting the short term view.

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

Market Insight courtesy of Argus Media

Despite the unprecedented economic woes inflicted by the Covid-19 pandemic, the global MOP industry still managed to endure in 2020, says Andy Hemphill , senior editor for potash at ICIS Fertilizers, thanks to its ‘essential’ status.