Dark Days Ahead? - IHS Markit · down. Acron Q3 UAN production and shipments up y-o-y in spite of...
1
Jan 2020 A Brighter Future or Dark Days Ahead? Keep up-to-date with global fertilizer market trends After Q3: Karl Stenerson Analyst Q3 Results – Lower Natural Gas Costs Benefiting Producers CF reports near 5% y-o-y increase in Q3 gross urea margin due to higher urea prices and lower natural gas costs. Urea Market 5% Acron urea output up 31% y-o-y, due to start-up of new urea unit late last year, plans to commission another new unit in 2020. 31% Yara’s Q3 urea deliveries down but business improves on 38% y-o-y decrease in energy cost. 38% Charles Costerousse Ammonia Analyst The Bulls Have it For Q4-19 FOB Black Sea - the lowest average q-o-q since Q3-17. Ammonia Market Q4-19 forecast for FOB Black Sea and CFR Tampa to increase by over 10% and over 20% respectively % Q3-19 NH3 price $216/t Supply disruptions caused global prices to rise but stability forecast towards Q1-20. since late August 2019 Price rise Sarah Marlow Head of Current Information, Phosphates and Sulphur Q3 results - Full Steam Ahead? Q3 Saudi granulation exceeds 90% capacity at MPC and MWSPC plants combined. Phosphates Market 90% PhosAgro reports 17% yoy increase in Q3 DAP/MAP output with 10% hike in phosphoric acid. 17% Incitec Pivot targets full production and completion of Fertilizer operations review in FY 2019/2020. 2019/2020 Mark Astley Market Analyst Q3 Results - Overcoming Hurdles? Yara Q3 nitrates production up y-o-y, but own-product deliveries down. Acron Q3 UAN production and shipments up y-o-y in spite of European anti-dumping duties. CF Q3 UAN sales up y-o-y as US planting delay pushes back shipments and application. Nitrates Market If you have any questions regarding the Fertecon trends graphic, or any of our subscriber reports or services Round Up Oversupply is the Primary Driver The outlook remains mixed for the various fertilizer products. Whereas oversupply continues to be a primary driver of the recent and prevailing decline in the phosphate and sulphur markets, squeezing margins accordingly, it is a growing issue for nitrogen but a more positive tone still prevails in this sector. Contact us
Transcript of Dark Days Ahead? - IHS Markit · down. Acron Q3 UAN production and shipments up y-o-y in spite of...
Jan 2020
A Brighter Future orDark Days Ahead?Keep up-to-date with global fertilizer market trends
After Q3:
Karl Stenerson Analyst
Q3 Results – LowerNatural Gas CostsBenefiting Producers
CF reports near 5% y-o-y increase in Q3gross urea margin due to higher ureaprices and lower natural gas costs.
Urea Market
5%
Acron urea output up 31% y-o-y, due tostart-up of new urea unit late last year,plans to commission another new unitin 2020.
31%
Yara’s Q3 urea deliveries down butbusiness improves on 38% y-o-ydecrease in energy cost.
38%
Charles CosterousseAmmonia Analyst
The Bulls Have itFor Q4-19
FOB Black Sea - the lowest averageq-o-q since Q3-17.
Ammonia Market
Q4-19 forecast for FOB Black Sea andCFR Tampa to increase by over 10% andover 20% respectively
%
Q3-19 NH3 price
$216/t
Supply disruptions caused globalprices to rise but stability forecasttowards Q1-20.
since late August 2019Price rise
Sarah MarlowHead of Current Information,
Phosphates and Sulphur
Q3 results - Full Steam Ahead?
Q3 Saudi granulation exceeds 90%capacity at MPC and MWSPC plantscombined.
Phosphates Market
90%
PhosAgro reports 17% yoy increase inQ3 DAP/MAP output with 10% hike inphosphoric acid.
17%
Incitec Pivot targets full production andcompletion of Fertilizer operationsreview in FY 2019/2020.
2019/2020
Mark Astley Market Analyst
Q3 Results -Overcoming Hurdles? Yara Q3 nitrates production up y-o-y, but own-product deliveriesdown. Acron Q3 UAN productionand shipments up y-o-y in spite ofEuropean anti-dumping duties. CF Q3 UAN sales up y-o-y as USplanting delay pushes backshipments and application.
Nitrates Market
If you have any questions regarding the Fertecon trends graphic,or any of our subscriber reports or services
Round Up
Oversupply is the Primary Driver The outlook remains mixed for the various fertilizer products.
Whereas oversupply continues to be a primary driver of the recentand prevailing decline in the phosphate and sulphur markets,
squeezing margins accordingly, it is a growing issue for nitrogen buta more positive tone still prevails in this sector.
Contact us
