Leading nitrogen fertilizer producer Fertiglobe has revealed that it used recent downtime at Egyptian plants exacerbated by the Israel-Iran conflict to perform critical maintenance and defer extensive turnarounds. Those actions have reduced its expected capex for 2025 to the lower end of its previous guidance of $145–170 million, the Abu Dhabi-headquartered major revealed in notes…
DetailsWith the market tightening and prices firming West of Suez on persistent capacity constraints in Algeria and Egypt, but the opposite picture seen in the East on plant restarts, arbitrage opportunities have emerged for August and September business. While access to the Red Sea from the Middle East remains limited to a handful of suppliers,…
DetailsThe market is poised for the forthcoming Indian Potash Limited (IPL) tender, with the inquiry set to shape trade well into September. The state agency will close the tender on 4 August and is targeting up to 2m. tonnes of urea for shipment by 22 September. Bids should be valid up to 8 August. The…
DetailsFears over capacity curtailments at leading ammonia production hubs in the Americas, North Africa and the Middle East saw the market swing into bull territory this week, though the true extent of the supply squeeze has yet to be confirmed. Firmer prices were heard across all regions, with the price rally in the East driven…
DetailsThe onset of the Israel-Iran conflict has ushered in a new round of supply cutbacks, spurring a major advance in global urea values. Few in the market had anticipated such an escalation in tensions, as evidenced by offer levels into recent major urea inquiries and those in many markets late last week. Global fob values…
DetailsNH3 Clean Energy, Pilbara Ports and Oceania Marine Energy have signed an agreement to establish low emissions ammonia bunkering operations at Australia’s Port of Dampier and support the decarbonisation of the Pilbara-Asia maritime corridor. The agreement follows the International Maritime Organisation’s (IMO) recent announcement of its Net Zero Framework which sets mandatory emissions limits and…
DetailsWhile Monaco is world famous for its culture of risk taking and high stakes, ammonia market participants at this week’s industry conference in the wealthy principality opted to stick, not twist when it came to stepping up to the table and striking deals. The reluctance to conclude business, or even show their hands in many…
DetailsJust like its famous equine counterpart, the tanker Dancing Brave was first out the gate when it performed the inaugural loading from the long-awaited Gulf Coast Ammonia (GCA) project in Texas a couple of days ago. The lifting of nearly 15,000t of spot volume for Norwegian major Yara’s operations at its Article Circle fertilizer facility…
DetailsChina entered 2025 in a seemingly comfortable position with regards to its potash supply. Overseas producers were continuing to ship 2024 contract volumes to Chinese importers at the price of $273pt cfr and China’s MOP port inventories were reported at a healthy volume of roughly 3Mt at the start of the year, including 1.5Mt of…
DetailsA cfr spot sale into Morocco at a significant discount to fob business in Algeria was the headline deal in yet another busy week for the international ammonia market, one in which the strong dislocation between prices in the East and West was illustrated clearly again. Trammo’s deal with OCP Group at $459pt cfr for…
Details