Fertilizers
Overview
The fertilizer industry has seen dramatic changes in market dynamics, with challenges posed by policy and regulatory changes, political instability, conflicts and new macroeconomic realities. The drive towards energy transition and ambitious zero-carbon goals has also opened up the industry to new entrants and new opportunities.
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Latest fertilizer news
Browse the latest market moving news on the global fertilizer industry.
Indonesian granular urea discussed up to $350s/t fob
Indonesian granular urea discussed up to $350s/t fob
London, 12 November (Argus) — Indonesian Pupuk subsidiary Kaltim closed a sales tender for 30,000-45,000t of granular urea today, with bids heard in the $340s/t fob. A sale has yet to conclude, but negotiations are reportedly ongoing in the $350s/t fob. There was no comment from the parties involved. The tonnage is for loading in November-December. Kaltim had sought $370/t fob under the tender. Urea fob prices have reset lower in the wake of the 11 November buy tender in India, with producers having targeted granular urea at around $370/t fob southeast Asia last week . But the levels under discussion in Indonesia still mark a premium to netbacks from the ongoing Indian tender, where the lowest price of $362/t cfr west coast would net to the mid $330s/t fob southeast Asia. By Harry Minihan Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
Egyptian urea trades for Europe, India
Egyptian urea trades for Europe, India
London, 12 November (Argus) — Urea sales from Egypt for November loading emerged today, with producer Abu Qir concluding a cargo for India, as well as selling to Europe in the $340s/t fob following a sharp drop at the start of the week. Abu Qir has sold 20,000t and 5,000t of granular urea at $343/t fob and $345/t fob, respectively. It also sold 20,000t of prilled urea at $340/t fob to Europe. All sales are for November loading. The producer has also sold one prilled urea cargo to India under IPL's 11 November tender at $362/t cfr west coast, but the fob price has yet to be confirmed. Offers had dropped to the mid-$340s/t to $350/t fob, with bids heard up to the mid-to-high $330s/t fob on 11 November. Sluggish demand from Europe, high stocks and an increase in production are weighing on the Egyptian market. Argus assessed granular urea at $355-367/t Egypt to Europe on 7 November. By Dana Hjeij Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
Nutrien begins work on new fertilizer facility in WA
Nutrien begins work on new fertilizer facility in WA
Sydney, 12 November (Argus) — North American fertilizer producer Nutrien has started work on a new A$70mn ($46mn) fertiliser distribution centre and storage facility at Kwinana port in Western Australia (WA) after a fire damaged some port infrastructure at the Kwinana bulk jetty on 9 February. The fire damaged Nutrien's bulk fertilizer site holding granular products, an import system conveyor, associated transfer towers and a shed leased for the storage of fertilizer while the company's liquid bulk fertilizer storage and chemical manufacturing facilities were unscathed. Nutrien expects the new distribution centre to be operational in 2026. The new site will be located at East Rockingham, 2km away from the previous facility at the Kwinana bulk jetty, and will increase the company's bulk granular fertilizer storage capacity by 20pc to 130,000t. The new facility will feature three undercover outloads, more slots for storage, twin blending lines, pits and wheel washers on site for trucks. It will also have dedicated loading equipment with improved loading systems that will allow for improved loading speeds and operating conditions. The new distribution centre will complement Nutrien's other WA facilities ,which include a liquid fertilizer manufacturing plant, research facilities and more than 70 stores throughout metropolitan and regional WA. Since the fire, the Fremantle Ports Authority has supported Nutrien to continue operating at the Kwinana bulk jetty to meet the needs of its customers. The bulk jetty is owned and operated by Fremantle Ports, handling bulk commodities such as fertilizers, sulphur, cement clinker and petroleum products. "Nutrien will continue to supply farmers with fertilizer from its existing Kwinana site throughout the 2025 season prior to the new East Rockingham facility becoming operational," managing director Kelly Freeman said in a press statement. By Tom Woodlock Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
Lower Mississippi draft restrictions lifted
Lower Mississippi draft restrictions lifted
Houston, 11 November (Argus) — The US Coast Guard (USGC) removed draught restrictions from the lower Mississippi River on 8 November, after several rain washed across much of the Midwestern US. Draft restrictions were completely lifted for north and southbound barges on the lower Mississippi River between Tiptonville, Tennessee, to Tunica, Louisiana. Approximately 2-8 inches of rain were reported in Illinois and Missouri in the last seven days, adding around 14 inches to the lower Mississippi River, according to the National Weather Service (NWS). St Louis, Missiouri was at a high of 11.5 inches above baseline on 11 November, up from a low of -1.5ft on 1 November. The USGC has had draft restrictions in place since August, with the river system receiving a short reprieve in early October after rain from Hurricane Helene poured into the US river system. But low water levels and restrictions returned about two weeks later. Prior to recent precipitation, drafts were restricted to 10-10.5ft for southbound barges and tows could not not be greater than 6-7 barges wide. Northbound barges could not draft greater than 9.5ft, tows could not be more than six barges wide, and only four barges could be loaded. High water levels are expected to remain through November, according to NWS but barge carriers have said that water levels will slip quickly if no additional rain falls along the upper Mississippi River. By Meghan Yoyotte Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
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