Market Insight
Market Insight courtesy of Argus Media
Market Insight courtesy of Argus Media
CRU’s Laura Cross guides us through the current Covid-19 crisis and flags up the unique risks faced by the fertilizer industry as the pandemic unfolds.
The Sulphur Institute is holding its annual meeting in Chicago, Illinois this year from April 20th-22nd.
This year appears to be determined to illustrate the limitations of forecasting. Projecting trend lines into the future, looking at expected completion dates for major projects and global economic projections are all worthwhile activities, and can provide valuable insights for business people, but any prediction is apt to be derailed by what one of our prime ministers supposedly once described airily as; “events, dear boy, events.”
Fluor/GAA continue to strive to improve the performance of the D’GAASS out-of-pit liquid sulphur degassing technology based on commercial operating experience and ever-changing environmental emissions regulations. T. Chow and S. Fenderson of Fluor Energy & Chemicals/ Goar, Allison & Associates discuss operating experience that has led to the improvements of the new patent-pending third generation D’GAASS 3G technology.
Claira Lloyd, Sulphur Editor and Sulphur Fertilizers Team Leader, Argus Media, assesses price trends and the market outlook for sulphur.
J. C. Bourdon, F. H. Brown and P. J. Photos of Streamline Innovations Inc. present the development and commercialisation of the Valkyrie™ process, which employs new chemistries and advanced control systems to remove H2 S from natural gas at size scales ranxging from single wells to entire fields, providing an operationally sustainable and commercially attractive alternative to standard H2 S removal technologies.
The Abu Dhabi National Oil Co. (ADNOC) has awarded two EPC contracts with a total value of more than $1.65 billion for the offshore Dalma sour gas development, 190 km northwest of Abu Dhabi city. Dalma is one of the fields in the offshore Ghasha ultra-sour gas concession, which ADNOC views as central to the UAE achieving self-sufficiency in domestic gas supplies.
Middle East supply will return to normal at the start of the second quarter with bottlenecks in the UAE and maintenance in Saudi Arabia at an end. But this is unlikely to result in lower Middle East f.o.b. prices until the second half of April, if not early May. This is because buyers who found it hard to find March loading cargoes will snap up any April product as soon as it’s made available.
Market Insight courtesy of Argus Media