Was it fully shut down in the first place
Fertiliser Price Tracker
- Thread starter TFF
- Start date
Steevo
Member
- Location
- Gloucestershire
Seems they could turn it off straight away.
All depends if they have any gas I suspect.
This is an interesting calculation, however the cost of gas in Europe is circa $24/mmBtu, not $5/mmBtu as stated. Working on your calculations this makes Urea production in Europe circa - $625/mt / 1.37 (£/$ exchange rate and it comes out as £456.20/t just for production) exc. shipping, exc. road haulage. If Urea producers were making so much money- why would they start turning down production?
Chinese gas purchases from Russia and lack of European LNG storage is pushing gas prices up in Europe. Fertiliser manufacturers in Europe are facing the same challenges as UK farmers - extortionately high input costs. Just like farmers have not bought fertiliser because the price is too high, fertiliser manufacturers have decided to not buy gas because the price is too high. This Mexican stand off is all over products/produce that the world needs...
- Location
- Bucks
CO2 deal to be struck 'today', so food production can resume this week, says Business Secretary
There have been warnings of a 'farmaggedon' if CO2 production does not restart
A deal to address the country's carbon dioxide shortage could be struck "today" so that food production can resume in the next couple of days, the Business Secretary has said.
Kwasi Kwarteng has said he had spoken to both the boss of CF Industries and Rishi Sunak, the Chancellor, about this, noting that the issue was the cost of natural gas had risen above the price of ammonia and CO2.
Asked if the Government was prepared to subsidise a foreign company, he said he was "looking at different ways we can provide support", and insisted any support would be temporary.
"It may come at some cost, we are still hammering out the details," he added. He was "averse" to nationalising the company.
He was "prepared to look at every solution" to get production back up and running, Mr Kwarteng told BBC Radio 4's Today programme.
https://www.telegraph.co.uk/politic...rexit-gas-energy-prices/#update-20210921-0814
For the first half of 2021, CF Industries net earnings attributable to common stockholders were $397 million, or $1.83 per diluted share; EBITDA was $994 million; and adjusted EBITDA was $997 million.9 Aug 2021
Steevo
Member
- Location
- Gloucestershire
Is that their version of a "disappointing 16t/ha yield"?
- Location
- Lincolnshire
Can always buy some more. Maybe they have a friend holding them a bit until the govt starts pumping the free money.
Eartha Kitt
Member
I think this is really poor by CF. I don't believe their credibility or image is very good as it is, this will only worsen it. I hope farmers buy alternative products.
Today Quote at Henry's hub is $5/MMBTU... Chinese ain't stupid...if the was any Crooks, it would be European energy Traders and gas company in Europe...i fought the same baddies in Indonesia, until my president decree that locally Indonesia Gas for fertilizer company is fixed at $5/MMBTU as we sold our gas to Chinese for $2/MMBTU for 20 years contract....any European country wish to buy our Indonesia Gas at $10/MMBTU are welcome to contact me as i am in good term with our economic minister
Attachments
No use quoting an American benchmark for gas prices in Europe. Please find comment on Reuters regarding the European gas price: 'Prices at the TTF hub and JKM are currently trading at $24/mmBtu and $25/mmBtu, respectively'. Link to article: https://www.reuters.com/business/en...uld-boost-oil-prices-says-goldman-2021-09-20/
Please get your economic minster on the phone to Yara, CF and all the other manufacturers in Europe and offer them this lovely price... I am sure it will not cost much to ship it to Europe, store it, finance it or getting it here quickly enough with your capabilities. Thanks for your help in advance.
I've 250 ton of Yara il sell you for £470
Doom and gloom
Member
Urea 500
Benr
Member
- Location
- North Devon
Just quoted £460 for imported AN and £530 for protected urea.
So have I. I told the rep to maybe find another job.
Christmas saved :-
14:11
Sky: major CO2 supplier restarts production after government talks. The government has reached agreement with CF Industries to restart carbon dioxide production at its UK sites following talks between the company and Business Secretary Kwasi Kwarteng, Sky News reports.
14:11
Sky: major CO2 supplier restarts production after government talks. The government has reached agreement with CF Industries to restart carbon dioxide production at its UK sites following talks between the company and Business Secretary Kwasi Kwarteng, Sky News reports.
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Sprog
Member
- Location
- South Shropshire
interesting really, next time someone suggests that using artificial fertiliser is bad for the planet because of the manufacturing process just remind them that the fertiliser is a waste product as the production of CO2 is essential for food production in this country!
Doom and gloom
Member
Urea 250 now
- Location
- Viva la France
There seems to be some offers of quality Russian product?
lloyd
Member
- Location
- Herefordshire
Has it arrived?I hope you're wrong. I had a phone call this morning, asking if they could bring my 'August delivery' tomorrow afternoon.
I shall be keeping a secret of the my storage location, and stacking some straw bales around it.