Potash demand was mixed in Q3. Southeast Asian potash inventories are likely to remain limited in Q4. These are solar evaporation mines, which ‘provide one of the safest, lowest cost, environmentally friendly production methods for potash and salt’. CRU's Prices service for fertilizers updates key price assessments every Thursday, covering urea, nitrates, ammonia, phosphates, potash, sulphur and sulphuric acid in one offering. Access to … You can control cookies through your browser settings. Global fertilizer demand has remained strong in … The fertilizer giant predicts U.S. farmers will plant 90 million acres of corn in 2021, while also increasing wheat and canola acres. Demand is weak and confusion in the market is widespread because marine authorities, ports, and private operators have continued to follow often contradictory government anti-viral laws. Farmers are benefiting from higher corn prices and billions of dollars in federal aid payments. In addition to internationally traded fertilizer prices, we provide extensive US inland fertilizer prices and coverage of Chinese inland prices. This is a change of 0.00% from last month and -23.73% from one year ago. Southeast Asian potash demand is unlikely to increase in Q4, despite a lack of purchasing activity in Q3. There does, however, remain a possibility for a reduction in applications on some crops such as potatoes, because the pandemic is still causing major disruption to regular end-users such as the restaurant industry. AUSTRALIAN POTASH’s main asset is the Lake Wells potash project in Western Australia, though the company also holds a number of gold and base metals projects. 2021 Global Mining Symposium – February 23-24 2021; 2020 Global Mining Symposium – November 2020; 2020 Global Mining Symposium – September 2020; 2020 Canadian Mining Symposium – June 2020; ... Intrepid closes West facility amid weak potash prices. The companies have since claimed production has returned to normal. In February 2020, BHP said it would ask its board for Stage 1 project approval in 2021, having spent more than US$2.7 billion on Jansen so far, which is estimated to be 84% complete. A fall in CPO prices has been behind the weak demand, as plantation owners look to retain staff over fresh purchases of MOP imports. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments, giving you a robust reference for your negotiations. Our information is collected from market participants by our global network of reporters, delivering unrivalled coverage of established and emerging markets, including China and Asia. From US$11,055 per tonne on March 23 to a year-to-date high of US$17,650 on December 14, nickel prices experienced a sharp rebound in 2020. Demand is seen as increasing as harvest will be completed during the period. Nutrien’s potash sales for this year are now estimated at between 11.6 million and 12 million tonnes, down 300,000 tonnes from September, and one million tonnes lower than its estimate in July. Fertilizer prices are projected to increase modestly by 3% in 2021, according to the October 2020 edition of the World Bank’s Commodity Markets Outlook. MOP fertilizer supply was mixed in Q3, on a combination of anti-coronavirus measures and political turmoil in key producer Belarus. The good news for those in the market for fertilizer in the coming months is the price outlook appears to be lower for the 2021 crop. The company completed a definitive feasibility study for its Muga project in 2015, received an environmental permit in mid-2019 and now expects to receive a mining concession by the end of 2020. Demand growth in 2021 will drive the world potash market into a production deficit of 500,000 tonnes in 2021, up from a 90,000-tonne shortfall this year, Mosaic said, in data which factored in production growth at producers such as Chile’s SQM and Russia’s Eurochem, besides a … Intrepid Potash Inc (IPI) Forecast Chart, Long-Term Predictions for Next Months and Year: 2020, 2021 Walletinvestor.com Intrepid Potash stock price forecast* for tomorrow, and … Since 2010, BHP has been investing in the Jansen potash project in Saskatchewan, and has been slowly developing the site. GENSOURCE POTASH CORPORATION, a fertilizer development company focused on sustainable potash production, develops the Tugaske Project. The long-term effects of the coronavirus lockdowns on nations’ economies may still be felt, however, potentially making fertilizers a less-important purchase. In 2021, Fitch says prices will be supported by the broader and deeper global economic recovery as covid-19 vaccines are made available. On a price per pound of nitrogen basis, the average urea price was at $0.39/lb.N, anhydrous $0.26/lb.N, UAN28 $0.38/lb.N and UAN32 $0.40/lb.N. Exports of (bop) - Potash in Canada decreased to 442.60 CAD Million in October from 531.70 CAD Million in September of 2020. As the world’s sixth largest potash producer, the company is responsible for over one-third of global production of bromine, which is used in agricultural chemicals, dyestuffs, insecticides and pharmaceuticals. Although domestic prices for barges and terminals have begun to climb, it has not appreciated enough to attract further imports that would shift the supply balance. This too is used in fertilizer, giving the company a potential edge in the market. Exports of (bop) - Potash in Canada averaged 255.80 CAD Million from 1988 until 2020, reaching an all time high of 810.50 CAD Million in November of 2008 and a record low of 54.50 CAD Million in July of 1993. New purchasing is not anticipated to come until later in the quarter, with additional volumes necessary for both post-season applications and restocking for next spring’s needs. Israel Corp, Israel’s largest holding company, owns just over 45% of the business. Availability into southeast Asia was poor in Q3. The miner is aiming to produce around 800,000 tones of MOP per year over the initial mine life of 20 years. Positive Estimate Revision Activity: The Zacks Consensus Estimate for fiscal 2021 have moved north by 13% over the past 60 days. The Goldfields Salt Lakes SOP project, currently on track for first production in Q1 2021, is shallow and fairly low-cost, with the capex budget set at AU$237 million with just over a three-year payback. Top Cannabis Stocks Year-to-Date. The following first part of the list featuring (in the alphabetical order) ten ASX-, TSX- and TSXV-listed potash companies, which are exploring, developing and producing potash in Australia, Belarus, Canada, Russia, parts of Africa and elsewhere around the world, is designed to help those interested in the space learn about the investment opportunities. We offer unbiased and independent price reporting, with our price assessments being widely quoted as benchmarks in contracts. Given that prices will also start 2021 at a higher-than-anticipated level, the group has increased its average price forecast for 2021 from $58/t to $62/t. ... As a result, we are forecasting global potash prices to increase at a constant rate during the first half of 2021. In mid-2020, the Western Australia-based company said that engineering and design work was progressing, with production at Sal de Vida slated for 2022. The COVID-19 pandemic is applying further pressure, but major players, including ASX-, TSX- and TSXV-listed potash stocks, remain confident in the long-term outlook for the potash market. Southeast Asian buyers remained largely absent from the market in Q3. The COVID-19 pandemic is applying further pressure, but major players, including ASX-, TSX- and TSXV-listed potash stocks, remain confident in the long-term outlook for the potash market. In the summer of 1790, President George Washington signed the first patent ever issued in the United States, which was to be used for a new process and apparatus for making potash, America’s first industrial chemical. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments. What … Report. Israel Chemicals, K+S or Mosaic Company, however, both have substantial potash operations and those investors seeking a diversified play on Potash, they may consider investing into the Global X Fertilizers/Potash ETF (SOIL), an exchange traded fund that tracks the Solactive Global Fertilizers/Potash Total Return Index. Phosphate DAP prices jumped 23% in 3rd quarter of 2020, supported by strong demand from key crop-growing regions. Potash Investing: Top 10 Company Stocks to Watch in 2021 (I.Part), Greening Africa: EU & AU Step up Cooperation on Agri-Business and Food System Transformation, Africa Fertilizer News: Minbos Resources, Kore Potash and CF Fertilizers, Oil & Gas Update: Greece’s Trans-Adriatic Pipeline, Nigeria’s Oil Leaks and Green Hydrogen as Game Changer, Phosphate Rock: 2020 World Market Review and Forecast to 2027, Potash & Phosphate Company Update: Kore Potash, Davenport Resources and Verdant Minerals, India’s Evolving Position in Global Fertilizer Market: Urea, Phosphate & Potash, Global Fertilizer Day: Joining Forces to Meet World’s Future Food Needs, Greening Africa: Food Security is Key to Agriculture Investing, Potash Investing: Top 10 Company Stocks to Watch in 2021 (II.Part), Phosphate Investing: Risks & Opportunities in Global Phosphate Rock Market. Please find more information on the cookies used on our site here. ICL has gradually expanded into a global business since helping to establish its home country’s potash industry 80 years ago. Copyright © 2020 LexisNexis Risk Solutions Group, Contact Client Success on clientsuccess@icis.com, The Outlook Potash Global prices, markets & analysis. EMMERSON, a company registered in the Isle of Man and listed in London, is focused on the development of the Khemisset project, a ‘low capex, high margin’ potash project in Northern Morocco. Agrimin believes Mackay can be the world’s lowest-cost producer of SOP. If the fertilizer story does not materialize and prices decline 10% from here, Mosaic would end up with a 2021 EBITDA of around $1.1 billion, resulting in a Target Price of $18. DANAKALI focuses on developing the Colluli potash project in Eritrea, which is wholly owned by Colluli Mining Share Company (CMSC). ... North York Moors potash mine ready by 2021, company says. The Denver, Colorado-based company owns and runs three mines: Wendover and Moab in Utah, and Calrsbad in New Mexico. HIGHFIELD RESOURCES is an Australian business that is developing five projects that cover 550 square kilometers in Northern Spain’s Ebro potash-producing basin, giving it the potential to find a lucrative source for the European market. There are nowadays quite a few companies exploring, developing and producing potash around the world. As usual, harvest activity restricted demand in mid-Q3, but by the end of the quarter buyers were back and looking to refill inventories. It also has an underground mine at Carlsbad that hosts langbeinite, a rare naturally-occurring mineral that is ‘found only in a few places in the world’. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities. Already in 2020, the company has succeeded in securing an offtake agreement with Swiss-based agri-trader Keytrade. Over 25 years of reporting on key chemicals markets, including The Outlook Potash, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. In June, Emmerson Plc, released a feasibility study for its flagship Khemisset potash project, which confirmed that the deposit has the potential to be, as the company stated, a “world class, low capital cost, high margin potash mine.”. Potash has seen a slow few years due to low prices, oversupply and farmers tightening their belts. Our locally based reporters constantly update our independent price assessments and market coverage, giving you a firm foundation in all your dealings. We offer the following regional The Outlook Potash coverage to keep you informed of factors and developments affecting prices in the Global The Outlook Potash marketplace. A £2.4bn potash mine on the North York Moors will be operational within the next 5 years, its developers say. CF hit record sales volumes for the first nine months of 2020, but sales revenue dropped 15% due to lower prices. Continued disruption in the CPO futures market has made purchasing fresh MOP volumes less of a priority for many buyers. ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including The Outlook Potash. Our time series of pricing data enables you to build and model trends, to get a view of where markets might be heading. Breaking news of latest developments affecting the markets. The development permit for the Tugaske Project was approved by RM Council at its August meeting, opening the way to construct the first potash module within the boundaries of the municipality. 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