LONDON (ICIS) – Hovering pure fuel costs have led to the closure of fertilizer factories and has far-reaching implications, not only for the business, however for farmers and the worldwide meals provide.
European fuel costs have skyrocketed to file highs amid low multi-year storage ranges and provide points, with Asian LNG costs following go well with.
Pure fuel is a key uncooked materials for the manufacture of nitrogenous fertilizers akin to ammonia, urea and nitrates.
Scroll down for data and skilled evaluation on the affect of those unprecedented developments on the fertilizer markets.
World fertilizer commerce stream map
ICIS is delighted to announce the launch and manufacturing of the World Fertilizer Commerce Move Map, in partnership with the Worldwide Fertilizer Affiliation (IFA).
The map offers a geographical image of the commerce flows of fertilizer merchandise between the principle producing and importing nations on the planet, in addition to information on manufacturing and consumption.
PODCAST: Hovering fuel costs set off panic amongst fertilizer producers
By Aura Sabadus 20-Sep-21 LONDON (ICIS) – European pure fuel costs have resumed their restoration following the announcement of Gazprom’s resolution to not reserve extra agency capability to ship fuel via Ukraine in October. The information got here at a time when near-record fuel costs are sending shock waves via associated industries, from fertilizers to meals processing, or resulting in a string of bankruptcies within the power retail sector. .
Editor-in-Chief Deepika Thapliyal and World Ammonia Market Editor-in-Chief Richard Ewing be a part of power reporter Aura Sabadus to debate the affect of rising fuel costs on international ammonia markets and urea.
TTF fuel costs on October 21 get better after the outcomes of the capability auctions
By ICIS Editorial 20-Sep-21 LONDON (ICIS) – October ’21 ICIS TTF pure fuel costs rose sharply on Monday morning following the outcomes of month-to-month agency capability auctions. Shortly after 11:00 a.m. London time, the benchmark contract traded at € 71.00 / MWh, up 7.8% from Friday’s shut.
Nitrates market boiling as Egyptian urea hits nine-year highs
By Julia Meehan 20-Sep-21 LONDON (ICIS) – The European nitrate market has been described as having ‘gone mad’, not solely due to hovering fuel prices and manufacturing cuts, but additionally drastic urea value will increase.
Ammonia producer Yara cuts manufacturing on account of excessive fuel costs
By Tom Manser, Richard Ewing 17-Sep-21 LONDON (CIHI) – Norwegian fertilizer maker Yara stated on Friday it was slicing European ammonia manufacturing amid file hikes in pure fuel costs.
Supply – Yara
Yara to exchange misplaced European ammonia manufacturing with cheaper Caribbean materials
By Richard Ewing 17-Sep-21 LONDON (CIHI) – Norwegian fertilizer main Yara introduced on Friday a fast 40% discount within the capability of its European ammonia manufacturing system because of the outbreak Natgas’ prices have despatched shock waves via the continent’s fertilizer and chemical substances sectors, however the affect will not be as extreme as feared.
Disruption of nitrate provide may affect meals provide
By Julia Meehan 16-Sep-21 LONDON (CIHI) – The provision of the meals we eat may very well be severely hampered by European shutdowns in manufacturing by main fertilizer producers on account of file fuel prices.
Empty cabinets of fruit and greens in a London grocery store. Supply: Shutterstock
Fertilizer producer CF Industries closes UK factories amid excessive fuel costs
By Ruth Liao 16-Sep-21 HOUSTON (ICIS) – US-based fertilizer producer CF Industries has shut down manufacturing at its two UK vegetation on account of traditionally excessive fuel costs, has declared the producer on September 15.
Egyptian urea costs cross $ 500 / tonne FOB as patrons panic over fuel prices
By Deepika Thapliyal 16-Sep-21 LONDON (ICIS) – In Egypt, fertilizer gross sales for 30,000 tonnes of granulated urea have been made above $ 500 / tonne FOB, for the primary time since Might 2012 , based mostly on information from CIHI.
Supply – Shutterstock
Nitrates costs react to the shutdown of CF manufacturing
By Julia Meehan 16-Sep-21 LONDON (CIHI) – Nitrate costs have reacted to information that US producer CF Industries has halted manufacturing at two of its UK amenities – in Billingham and Ince – on account of a file stage of recent fuel.
UAN costs in France are growing on account of restricted availability and excessive costs of pure fuel
By Sylvia Traganida 16-Sep-21 LONDON (ICIS) – Ammonium urea nitrate (UAN) costs in France have elevated on account of a rise in pure fuel and present restricted availability.
Supply – OPZ
Document fuel costs to hit nitrogen manufacturing in Ukraine
By Deepika Thapliyal 15-Sep-21 LONDON (ICIS) – In Ukraine, not less than two main nitrogen producers are contemplating halting manufacturing on account of file pure fuel prices.
Digital coaching – Fertilizers – An in-depth introduction
To study extra concerning the fertilizer, grain and power markets, register for the CIHI Digital Coaching October 4-6, 2021.