LONDON (ICIS)--Soaring natural gas prices have prompted shutdowns of fertilizer plants and have wide-ranging implications, not only for industry, but for farmers and global food supply.
European gas prices have skyrocketed to record highs on multi-year low storage levels and supply concerns, with Asian LNG prices following suit.
Natural gas is a key feedstock for making nitrogen fertilizers such as ammonia, urea and nitrates.
Scroll down for expert insight and analysis on the impact of these unprecedented developments on fertilizer markets.
Global Fertilizer Trade Flow Map
ICIS is excited 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 major producing and importing countries in the world, as well as production and consumption data.
PODCAST: Soaring gas prices trigger panic for fertilizer producers
By Aura Sabadus 20-Sep-21 LONDON (ICIS)--European natural gas prices resumed their rally on news that Russia’s Gazprom chose not to book additional firm capacity to ship gas via Ukraine in October. The news came at a time when near-record gas prices are sending shockwaves across related industries from fertilizers to food processing, or leading to a chain of bankruptcies in the energy retail sector.
Senior editor Deepika Thapliyal and Richard Ewing, global ammonia market editor join energy journalist Aura Sabadus to discuss the impact of the gas price rally on global ammonia and urea markets.
LATEST NEWS
October '21 TTF gas prices rally after capacity auction results
By ICIS Editorial 20-Sep-21 LONDON (ICIS)--October '21 ICIS TTF natural gas prices rallied sharply on Monday morning following the results of monthly firm capacity auctions. Shortly after 11:00 London time the benchmark contract was dealing at €71.00/MWh, up 7.8% from the close on Friday.
Nitrates market in turmoil as Egyptian urea hits nine-year highs
By Julia Meehan 20-Sep-21 LONDON (ICIS)--The European nitrates market has been described as having "gone crazy", not only because of skyrocketing gas costs and cuts in production, but also the sharp gains in the price of urea.
Ammonia producer Yara cuts production on high gas prices
By Tom Manser, Richard Ewing 17-Sep-21 LONDON (ICIS)--Norwegian fertilizer manufacturer Yara on Friday said it was curtailing European ammonia production due to the record rise in natural gas prices.
Yara will replace lost European ammonia output with cheaper Caribbean material
By Richard Ewing 17-Sep-21 LONDON (ICIS)--Norwegian fertilizer major Yara’s announcement on Friday of prompt 40% capacity cuts at its European ammonia manufacturing system due to soaring natgas costs sent shockwaves through the continent’s fertilizers and chemicals sectors, but the impact may not be as bad as feared.
Nitrates supply disruption could impact food supply
By Julia Meehan 16-Sep-21 LONDON (ICIS)--Supply of the food that we eat could be severely hampered by European halts in output by major fertilizer producers because of record high gas costs.
Fertilizer producer CF Industries shuts UK plants due to high gas prices
By Ruth Liao 16-Sep-21 HOUSTON (ICIS)--US-based fertilizer producer CF Industries has shut production at its two facilities in the UK due to the historic high gas prices, the producer said on 15 September.
Egyptian urea prices cross $500/tonne FOB as buyers panic on gas costs
By Deepika Thapliyal 16-Sep-21 LONDON (ICIS)--In Egypt, fertilizer sales for 30,000 tonnes of granular urea were concluded above $500/tonne FOB, for the first time since May 2012, according to ICIS data.
Nitrate prices react to CF production stoppage
By Julia Meehan 16-Sep-21 LONDON (ICIS)--Nitrates prices have reacted to news that US-based producer CF Industries has halted production at two of its facilities in the UK - at Billingham and Ince - because of record-high gas costs.
UAN prices in France rise on tight availability, high natural gas prices
By Sylvia Traganida 16-Sep-21 LONDON (ICIS)--Urea ammonium nitrate (UAN) prices in France have increased following a rise in natural gas and existing tight availability.
Record gas prices to hit Ukraine nitrogen production
By Deepika Thapliyal 15-Sep-21 LONDON (ICIS)--In Ukraine, at least two major nitrogen producers are considering shutting down production due to record high natural gas costs.
TRAINING
Virtual Training – Fertilizers – An In-Depth Introduction
To gain more insight on the fertilizer, grain and energy markets register for the ICIS Virtual Training on 4-6 October 2021.
TOPIC PAGE: Fertilizers in the cross-commodity impact of record high gas prices - ICIS
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