Tag: Urea

More than 650 delegates from 326 companies and 56 countries gathered at the Hotel RIU Plaza España, Madrid, Spain, 17-19 October 2022, for the Argus Fertilizer Europe 2022 conference.

Håkon Reistad Fure stepped down from Yara International’s board of directors in mid-November due to new professional commitments, the company has announced.

Turkey’s thriving agricultural sector has created a large and dynamic fertilizer market at the crossroads of Europe and Asia, explains Hakan Goral, the CEO of Tekfen Agri Industry Group.

Market Insight courtesy of Argus Media. Urea: The market remained weak at the start of the year with urea prices falling as producers fought for liquidity. Egyptian product fell by $40/t to $495/t f.o.b. in a matter of days, while f.o.b. prices in the Middle East and southeast Asia similarly fell to around $440/t. Urea prices in many end-user markets also slumped: US prices fell over the course of the first week of January by $30/t, Brazil by $15/t and many European markets by around $20/t.

Yara International is to supply fossil-free fertilizers to El Parque Papas, Argentina’s largest potato grower, in 2023.

Fertilizer plant owners are installing highly efficient and reliable scrubbing equipment to satisfy increasingly strict emissions regulations globally. We highlight recent advances in scrubbing performance and technology.

CRU Events will host the 2023 Nitrogen + Syngas conference and exhibition at the Hyatt Regency Barcelona Tower in Barcelona, 6-8 March.

Covid, demographics and a shift from an industrial to a consumer-led economy have stalled China’s previously breakneck growth, with a potential impact upon all commodity markets, including fertilizer. At the same time, Chinese export restrictions have overheated the urea market.

Ammonia prices registered another week of losses at the start of January, with supply options continuing to outweigh demand in most regions. Prices have been falling steadily for the past twelve weeks, as the market rebalances after production curtailments across Europe for much of 2022. Steady falls in gas pricing over the past few weeks have put production costs firmly below today’s import price, with European production now scheduled to ramp up at many plants this month.

Stamicarbon has won a contract for a large-scale urea project in China. The urea plant, with a production capacity of 3,800 t/d, will be the largest ever licensed by Stamicarbon in the country. The customer, the plant’s location and the value of the contract have not been disclosed.