New CIQ applications for DAP/MAP exports from China were halted from 1 December. Whilst a number of key details are becoming clearer, still multiple grey areas remain on the implementation of the latest controls. The halt in exports comes as domestic DAP/MAP prices surged in China over recent weeks due mainly to jumps in raw…
Brazil’s P2O5 stocks have increased significantly throughout 2024 after entering the year at 839,442t. This volume was down 8% on 2022 closing stocks of 912,168t. Stocks have increased despite a considerable drop in Brazil’s year-to-date MAP imports. This is because the decline in MAP imports was offset by significant increases in imports of other lower-P205…
Profercy’s Tom McIvor dives into the shifting supply dynamics of the global phosphate market in 2023. Entering September, it’s now possible to make a stronger assessment of expected DAP/MAP demand/supply for the full year 2023 based on reported sales, latest trade data and likely activity in Q4. Here I focus on how market share amongst…
Acron increased output of key products by 7% year on year in 2020 to 7.98m. tonnes. Total sales were also up, 3% year on year to 7.81m. tonnes, with the remainder captive product. This allowed for total revenue to increase 4% year on year in local currency to $1.66bn equivalent. Of note, currency fluctuations meant…
Acron’s net 2020 commercial AN and urea availability jumps following UAN cutbacks In 2020, overall ammonium nitrate production increased while urea and UAN output declined. As expected, UAN production fell sharply as the producer faced very poor returns from the USA for much of the year and was effectively blocked out of the European markets…
Earlier this week PotashCorp and Agrium announced that they have agreed stock-only merger terms that will create the largest crop nutrient company in the world. As yet unnamed, the new company will have a potash capacity of 20m tonnes per year (all figures nameplate basis) by the time it starts combined operations in mid-2017. This…
First published 08.01 GMT, 24 June 2016, by Tom Jago. Today’s Brexit referendum victory has had big knock-on forex impacts overnight for key players in the global phosphates market. It should also free the UK of the EU’s selective import duty structure on imports according to origin (more below). – India: Brexit has hit Indian…
China’s long awaited export tax policy for 2015 has been announced today, confirming the move away from the use of high and low tax periods for urea and phosphates. The introduction of a flat rate tax will have a major influence on global supply and price volatility in 2015. For more information on the impact…