SUBJECT PAGE: Fertilizers in the Cross-Product Impact of Record Gas Prices
LONDON (ICIS) – Soaring natural gas prices have led to the closure of fertilizer factories and has far-reaching implications, not just for the industry, but for farmers and the global food supply.
European gas prices have skyrocketed to record highs amid low multi-year storage levels and supply issues, with Asian LNG prices following suit.
Natural gas is a key raw material for the manufacture of nitrogenous fertilizers such as ammonia, urea and nitrates.
Scroll down for information and expert analysis on the impact of these unprecedented developments on the fertilizer markets.
Global fertilizer trade flow map
ICIS is delighted to announce the launch and production of the Global Fertilizer Trade Flow Map, in partnership with the International Fertilizer Association (IFA).
The map provides a geographical picture of the trade flows of fertilizer products between the main producing and importing countries in the world, as well as data on production and consumption.
VIDEO: Spotlight on ICIS Energy September 2021 – LNG gas winter
By Kaja Sillett 6-Oct-21 LONDON (CIHI) – LNG Editors for the Americas and Europe Ruth Liao and Hal Brown present the global LNG outlook for the winter, also covering:
• Factors behind the recent surge in global LNG prices (00:29)
• Analysis of the US LNG supply (3:58)
PODCAST: Soaring energy prices disrupt fertilizer and chemicals markets
By Will Beacham 28-Sep-21 BARCELONA (ICIS) – Soaring oil and gas prices are putting fertilizer and chemical producers under intense pressure while destroying downstream demand.
In this Think Tank podcast, Will Beacham interviews Julia Meehan, CIHI’s editor-in-chief for fertilizers; Nigel Davis, Editor-in-Chief of CIHI Insight and Paul Hodges, President of New Normal Consulting.
LNG VIDEO: winter demand strategies support the market
By Hal Brown 4-Oct-21 LONDON (CIHI) – This short video on the outlook for the LNG market examines:
• The reasons for the soaring prices of European gas and Asian LNG
• LNG demand strategy in North-East Asia for the winter
• Impressive growth in LNG imports in the Americas
PODCAST: Cutting CF and Yara Fertilizer Production Affects Global Markets
By Sylvia Traganida 21-Sep-21 LONDON (CIHI) – Prices for all nitrogen fertilizers are rising daily and the demand season is just beginning. Some are already above the levels observed during the 2007-2008 financial crisis.
The ICIS Fertilizer team provides insight on the current market situation and impact around the world.
PODCAST: Soaring gas prices trigger panic among fertilizer producers
By Aura Sabadus 20-Sep-21 LONDON (ICIS) – European natural gas prices have resumed their rise following the announcement of Gazprom’s decision not to reserve additional firm capacity to ship gas through Ukraine in October. The news came at a time when near-record gas prices are sending shock waves through related industries, from fertilizers to food processing, or leading to a string of bankruptcies in the energy retail sector. .
Editor-in-Chief Deepika Thapliyal and Global Ammonia Market Editor-in-Chief Richard Ewing join energy reporter Aura Sabadus to discuss the impact of rising gas prices on global ammonia markets and urea.
Ammonia production at CF Fertilizers’ Billingham site will continue until early 2022
By Richard Ewing 11-Oct-21 LONDON (CIHI) – CF Fertilizers’ Billingham complex will operate for several months after the company enters into carbon dioxide (CO2) pricing and off-take agreements with customers in industrial gases, US parent company CF Industries said on Monday.
Source – Shutterstock
European nitrate prices exceed levels seen during the global financial crisis
By Julia Meehan 11-Oct-21 LONDON (ICIS) – Prices for ammonium nitrate (AN) and ammonium calcium nitrate (CAN) in Europe have greatly exceeded levels seen during the global financial crisis at production cuts continued and spurred by skyrocketing gas costs.
Ukraine urges EU to establish joint strategic gas reserve
By Aura Sabadus 11-Oct-21 LONDON (ICIS) – Ukraine’s gas transmission system operator urged the EU to consider using the country’s vast storage capacity to establish a pan-European strategic natural gas reserve by response to a possible supply disruption.
Azoty prioritizes fertilizer deliveries to Polish farmers amid record gas prices
By Will Conroy 11-Oct-21 LONDON (ICIS) – Polish group Grupa Azoty has said that despite record gas prices, it is taking all possible measures not to limit fertilizer production and provide farmers Polish the fertilizers they need.
LNG ON BOARD
The November 21 ICIS TTF contract traded at a lower level of € 108.25 / MWh ($ 36.86 / MMBtu) on the afternoon of October 6, as Russian President Vladimir Putin said that Russia would increase gas supplies to Europe.
The decline in Russian pipeline gas flows to Europe has been a major factor in the recent rise in record gas prices in Europe.
High natural gas prices push urea price in Egypt to record high
By Deepika Thapliyal 6-Oct-21 LONDON (CIHI) – Soaring natural gas prices have pushed granular urea prices in Egypt to a record high this week.
UK industries stifled by soaring gas prices and tight energy supply
By Editorial ICIS 30-Sep-21 LONDON (ICIS) – Soaring gas prices in Europe continue to struggle to attract LNG from resolute Asian buyers, the switch from coal to gas is near exhaustion and traditional pipeline providers grow every molecule they can.
OVERVIEW: Fertilizer prices on the rise as energy crisis, limited availability, bite
By Sylvia Traganida 1-Oct-21 LONDON (CIHI) – All fertilizer products have firmed up in recent weeks following dramatic increases in natural gas prices and limited supply in most areas.