Tag: Prices

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.

No one in this industry should ever need a reminder that commodity markets are cyclical. The corollary of that is – every once in a while – markets can, and will, abruptly change direction.

Natural gas pricing remains the dominant component of ammonia production costs. The fall in global oil and gas prices due to the Covid outbreak and the continued growth in the LNG market is continuing to break the hold of oil indexation on gas pricing. Meanwhile, reform of gas markets continues, in places as diverse as Brazil, China and India.

Alistair Wallace, Head of Fertilizer Research, Argus Media, assesses price trends and the market outlook for nitrogen.

Ammonia supplies have been curtailed by production shutdowns, including Kaltim and PT PAU in Indonesia, SABIC and Ma’aden in Saudi Arabia, Sorfert in Algeria and Chinese gas-based producers. There have also been gas curtailments in Iran and Trinidad.

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

The turning of a new calendar year is a predictable waypoint in our lives. That is why it has always traditionally been a time for reflection on the past and looking to the future. Therefore, given how 2020 had turned out, perhaps there was an inevitable hope that the turning of the New Year and the start of 2021 might see an improvement in things in general, and of course the trajectory of the pandemic in particular, especially now that several vaccines have been approved for use in record time, and a massive programme of vaccination has begun across the world.

After many years of slow decline, Canadian sulphur exports have begun to rise slightly, but dwindling US markets are seeing a move towards more sulphur forming to expand export opportunities.

Construction work has begun on a new hydrocracking complex for the Assiut refinery in Egypt, in the central Nile valley, according to TechnipFMC plc, who won the $1 billion engineering, procurement, and construction (EPC) contract for the project. The contract involves construction of new processing units including a vacuum distillation unit, a diesel hydrocracking unit, a delayed coker unit, a distillate hydrotreating unit and a hydrogen production unit which will use TechnipFMC’s proprietary steam reforming technology.