India's Hindalco seeks to buy TSP, NPS, NPK in tender
Indian fertiliser importer Hindalco has issued an enquiry to buy TSP and various complex fertilisers, seeking 25,000-50,000t of each product.
The tender, which will close on 5 August, requests the complex fertilisers 10-26-26, 12-32-16, 15-15-15, 16-16-16, 16-20-0+13s, and 20-20-0+13S.
Hindalco has asked for arrival of the cargoes at the port of Mundra at the end of September or in the first week of October.
Fellow importer Hindustan Urvarak and Rasayan (Hurl) will close a tender on 20 August to buy 60,000t of TSP in two 30,000t lots.
Hurl also has tenders open to buy 20-20-0+13S and DAP.
The company bought 50,000t of Russian standard MOP against a recent tender.
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Advansix expects higher amsul prices yoy in Q3
Advansix expects higher amsul prices yoy in Q3
Houston, 2 August (Argus) — US chemical producer AdvanSix expects ammonium sulfate prices to increase year over year in the third quarter on thin supply, but bearish agricultural fundamentals present a challenge for fertilizer demand. AdvanSix started the third quarter with a "robust" summer fill program for amsul at higher price levels compared to a year earlier. Amsul summer fill values for the Corn Belt released by the company in early July were about $55/st higher year over year. AdvanSix will likely benefit from production outages in Texas following the landfall of Hurricane Beryl in July. Major amsul producer IOC in Pasadena shut down in preparation for the hurricane and remains offline. The producer expects sales volumes to decline in the third quarter compared with the second, typical during the summer season. Additionally, weaker grain fundamentals could soften fertilizer demand further in the third quarter for AdvanSix. Ample corn supplies reported by the US Department of Agriculture and falling corn prices in the US could cause farmers to further defer purchases of fertilizer. The supply-to-use corn ratio in the US is currently estimated at 14pc for the 2024-25 agricultural year, above the historical average, according to the USDA. Longer term, AdvanSix expects agricultural demand for sulfur to grow 3-4pc/yr going forward. The company pointed towards growing recognition in the US and globally that the increase in yield from ammonium sulfate makes the fertilizer a worthwhile investment, including for soybean crops. Total sales volumes across all product lines rose by 5pc in the second quarter on tighter supply in North America. Revenue from ammonium sulfate was largely steady at nearly $140mn, moving up by less than 1pc from the same quarter last year. AdvanSix continued its SUSTAIN program in the second quarter, an effort to convert more standard amsul into granular product. Over a third of the company's granular sales in the second quarter were attributed to increased granular conversion. Granular conversion at the plant reached 68pc year-to-date and is expected to reach 70pc by the end of year. Revenue from Nylon sales increased by 11pc to $103mn, while caprolactam sales increased by 8pc to $81mn. Chemical intermediates sales increased by almost 7pc to $129mn. AdvanSix generated $16.7mn in profits during the second quarter compared with $15.7mn a year prior. By Meghan Yoyotte Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
Pupuk Indonesia outlines CCS blue ammonia plans
Pupuk Indonesia outlines CCS blue ammonia plans
Singapore, 2 August (Argus) — State-owned fertilizer producer Pupuk Indonesia plans to achieve low-carbon ammonia production using carbon capture and storage (CCS) by 2030-45, it said at the International and Indonesia CCS Forum in Jakarta on 1 August. Pupuk Indonesia plans to develop seven blue ammonia projects across its various facilities in Aceh, east Kalimantan, south Sumatra and east Java. The company is currently the largest grey ammonia producer in Asia, produced from natural gas without any CCS, with a total production capacity of 7mn t/yr. It will convert its existing grey plants to blue ammonia facilities with the implementation of CCS, targeting a total of 4.3mn t/yr of blue ammonia production by 2045. CCS is a technology capable of capturing carbon emissions from the air and storing them in a storage facility with carbon emissions directed and injected into old oil and gas wells. Pupuk Indonesia plans to use CCS at five potential sites comprising the Arun field, east Kalimantan, Sunda Asri basin, Gundih and Sukowati. The Pupuk group is expecting potential CCS use to gradually increase to 4.3mn t of carbon dioxide (CO2) by 2045, as part of its efforts to decarbonise ammonia and fertilizer products, while expanding into new markets for blue ammonia. Pupuk Indonesia's subsidiary Pupuk Iskandar Muda (PIM) is expected to carry out the first low-carbon ammonia project for the group, by building a new blue ammonia plant with a total production capacity of 825,000 t/yr by 2030. Feasibility studies are currently under way at the Arun field as a potential site for CCS with gas supplies from Andaman Sea blocks. The next implementation would be adding around 396,000 t/yr of blue ammonia capacity to its PIM-2 unit by 2035, bringing PIM's blue ammonia total production to 1.2mn t/yr. Pupuk Indonesia is also planning to add 594,000 t/yr of blue ammonia conversion to another subsidiary Pupuk Kalimantan Timur's Kaltim-2 unit by 2040. The producer has entered into an initial deal with Chevron New Energies International to assess CCS. Pupuk Sriwidjaya's Pusri-2B unit will also be replaced and added with a new blue ammonia plant, achieving 1.32mn t/yr of blue ammonia capacity by 2040-45. This will be followed by further blue ammonia additions to Pupuk's Petrokimia Gresik plant and the remaining units at the east Kalimantan plant. Pupuk's Gresik plant is expected to have around 495,000 t/yr of blue ammonia capacity at the PG-III unit, with Kaltim to have a 660,000 t/yr new blue ammonia plant. Pupuk Indonesia plans to work on the development of green ammonia using renewable feedstock beyond 2025 and to achieve ammonia co-firing in coal-fired power plants , with the help of government support, fiscal incentives, partnerships and acceleration of commercialisation operations at CCS sites. Indonesia has a huge potential to become a CCS hub by tapping its storage capacity in depleted oil and gas reservoirs, with total CCS capacity potentially reaching 4.85bn t of CO2, Pupuk Indonesia said. By Dinise Chng Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
US Senate approves waterways infrastructure bill
US Senate approves waterways infrastructure bill
Washington, 1 August (Argus) — The US Senate today unanimously approved a waterways infrastructure bill authorizing river navigation improvements, setting the stage for negotiations later in the year with the US House of Representatives, which has passed its own legislation. This is "crucial bipartisan legislation to invest in our nation's water infrastructure, protect our communities and support good-paying jobs," said senator Tom Carper (D-Delaware), chairman of the Senate Environment and Public Works Committee. Carper introduced the biennial bill earlier this year. The bill would authorize US Army Corps of Engineers (Corps) projects focused on navigation, flood control and ecosystem restoration. In all, the Senate bill measure would authorize 83 feasibility studies and 13 new and modified projects. The bill regularly draws bipartisan support because its projects and programs impact all 50 states. "By passing this legislation, the Senate took a significant step toward strengthening our water infrastructure, supporting our national economy, better protecting communities from flood risks, and helping the Corps carry out its mission now and in the future," senator Shelley Moore Capito (R-West Virginia). The House approved a companion but somewhat different bill on 22 July. Lawmakers now will have to hammer out difference between the two versions in a conference committee, unless one chamber opts to pass the other house's language. But no action is expected before September at the earlier. The Senate adjourned today for its August recess and is not expected to reconvene until 9 September. The House left town last week. Passage of a final bill could be further complicated by election year politics. By Abby Caplan Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
AdvanSix issues US east coast fill offers: Correction
AdvanSix issues US east coast fill offers: Correction
Removes mention of second force majeure by different company in final paragraph. Houston, 1 August (Argus) — Major chemicals producer AdvanSix today issued summer fill quotes from its Hopewell, Virginia, plant, with values effective from 5 August. Granular ammonium sulfate from Hopewell will be offered at $295/st fob — flat with last year's program. Supply at the latest offer level will be available through 8 August, after which a $20/st increase will follow. The latest program follows the producer's Midwest summer fill pricing program issued on 12 July . AdvanSix is the sole producer with formal summer fill programs this season, with other domestic producers contending with ongoing outages stemming from the aftermath of Hurricane Beryl. Interoceanic in early July issued a force majeure notice for ammonium sulfate deliveries from its Pasadena, Texas, facility after Hurricane Beryl battered southeast Texas, leading to production outages, according to various market sources. 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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