Tag: Yara

Although global ammonia supply is set to increase this year, there is a shortage of new merchant capacity after 2024 which may lead to rising prices in the medium term.

Topsoe has signed a contract with CF Industries, the world’s largest producer of ammonia, for the licensing and engineering supporting a front-end engineering and design (FEED) study of a new low-carbon ammonia plant in Louisiana. CF Industries is evaluating the project in collaboration with leading ammonia marketer Mitsui & Co., Ltd. The project would produce low-carbon ammonia for use as a decarbonised energy source.

Prices in the West are unlikely to garner much support moving into the latter stages of Q2. The May Tampa ammonia settlement was settled by Yara and Mosaic at $450/t c.fr, down $25/t on the $475/t c.fr agreed for April. With seasonal domestic demand in the US drawing to a close 2H April, many had anticipated that either a rollover or a slight decline would be agreed.

Paradeep Phosphates Limited (PPL) and Mangalore Chemicals & Fertilizers Limited (MCFL) have agreed to merge.

More than 900 delegates from 400 companies and 56 countries gathered at the Hilton Downtown Hotel, Miami, Florida, 5-7 February, for the 2024 Fertilizer Latino Americano (FLA) conference. The event was jointly convened by Argus and CRU. We present selected highlights from this year’s three-day conference.

Mark Brouwer and Jo Eijkenboom of ureaknowhow.com examine the major shifts in global urea production. They also discuss the future of the urea industry and, in particular, how the sector is being affected by the increasing focus on low-carbon ammonia production.

Specialty fertilizer products represent a small volume, high value segment of the overall fertilizer market that’s been growing at around four percent per annum in recent years. Economic, environmental, regulatory and agronomic imperatives are driving up their adoption – and an overall shift from volume to value in the fertilizer market.

Biostimulants are emerging as mainstream products with major fertilizer producers – including Yara, Mosaic, Fertiberia and ICL – launching their own biostimulant lines and expanding production capabilities. Smaller innovative companies, meanwhile, such as Azotic and Fyteko, remain the mainstays of the sector and are continuing to being new products to market. Other players such as Den Nouden/GrowSolutions are targeting the expansion of organic fertilizers.

Ammonia pricing in the US Mid-West stood at $625/st f.o.b. in February, with applications to field continuing to ramp up. Prices in the US Gulf remain pegged in the low-to-mid$400s/t f.o.b. Recent production outages in the region have largely subsided, though an unexpectedly early uptick in seasonal demand from local buyers is likely to provide a degree of price support moving forward. The Tampa ammonia settlement for March has been settled by Yara and Mosaic at a $445/t c.fr rollover, largely in line with market expectations. The North American market remains detached from the considerably more oversupplied global ammonia scene.

Indian fertilizer producers Mangalore Chemicals & Fertilizers (MCFL) and Paradeep Phosphates (PPL) have announced that the companies intend to merge, allowing them to consolidate their operations, according to a company statement. The new merged company, to be called PPL, will have a total production capacity of 3.6 million t/a of fertilizers.