Analysts also anticipate higher cash flows next year (due to higher nitrogen prices), along with a stable quarterly cash dividend of $0.45 per share (current yield 3.87%). We offer unbiased and independent price reporting, with our price assessments being widely quoted as benchmarks in contracts. This is a change of 0.00% from last month and -23.73% from one year ago. In 2021, Fitch says prices will be supported by the broader and deeper global economic recovery as covid-19 vaccines are made available. A fall in CPO prices has been behind the weak demand, as plantation owners look to retain staff over fresh purchases of MOP imports. In 2021, this is expected to be particularly the case for urea. 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. GALAXY RESOURCES operates the Sal de Vida project in Argentina, though it may be known mainly for its lithium production, mining and chemicals. 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. 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. 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. Our time series of pricing data enables you to build and model trends, to get a view of where markets might be heading. Report. 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 … Published. From pricing information to the analysis you need to understand it, ICIS coverage of regional The Outlook Potash markets is second to none. 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. GENSOURCE POTASH CORPORATION, a fertilizer development company focused on sustainable potash production, develops the Tugaske Project. Located in the Canadian province of Saskatchewan, this project will be developed on Gensource’s wholly-owned Vanguard Area. Continued disruption in the CPO futures market has made purchasing fresh MOP volumes less of a priority for many buyers. Potash has seen a slow few years due to low prices, oversupply and farmers tightening their belts. ISRAEL CHEMICALS, also known as ICL, is an Israeli company dual-listed in Tel Aviv and New York. The plant site will be constructed on land that has no environmental sensitivities or concerns. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets. We use cookies to improve the performance of our site, to analyse the traffic to our site, and to personalise your experience of the site. Potash demand was mixed in Q3. At Lake Wells, the company is exploring for SOP, and is targeting domestic demand from Australian farmers. Potash increases crop yields and food quality using more limited land, which will be vital if the world is to feed itself as the global population continues to increase and people’s dietary habits change. ... Potash prices will also gain from demand-supply imbalance. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments, giving you a robust reference for your negotiations. Agrimin believes Mackay can be the world’s lowest-cost producer of SOP. You can control cookies through your browser settings. ICL has gradually expanded into a global business since helping to establish its home country’s potash industry 80 years ago. Mining company BHP will decide whether to go ahead with a giant Canadian potash project in 2021 after it has spent a further $345m on final preparation work. Availability into southeast Asia was poor in Q3. US supply availability is expected to remain constant in Q4. Already in 2020, the company has succeeded in securing an offtake agreement with Swiss-based agri-trader Keytrade. The miner is aiming to produce around 800,000 tones of MOP per year over the initial mine life of 20 years. The companies have since claimed production has returned to normal. 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. 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. 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. A £2.4bn potash mine on the North York Moors will be operational within the next 5 years, its developers say. ICIS provides pricing information, news and analysis for all major petrochemical and chemical markets, including The Outlook Potash. The capital cost to get Jansen into production is estimated to be between US$5.3-5.7 billion. For this to occur, global shipments will have to rebound sharply in the new year, new production will have to start up later and potash producers will need to throttle back output. 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. 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 … 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. With a JORC-compliant resource estimate of 1.289 billion tones at 11% K2O for contained SOP of 260 Mt, and a JORC-compliant ore reserve estimate of 1,100 Mt at 10.5% K2O for 203 Mt of contained SOP equivalent, the company believes Colluli is a world-class project. 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. Insight and analysis of factors driving prices. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments. However, potash could be a different story altogether. Farmers are benefiting from higher corn prices and billions of dollars in federal aid payments. Since 2010, BHP has been investing in the Jansen potash project in Saskatchewan, and has been slowly developing the site. Please find more information on the cookies used on our site here. The Denver, Colorado-based company owns and runs three mines: Wendover and Moab in Utah, and Calrsbad in New Mexico. 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. Therefore, demand for potash fertilizers is set to rise over the coming years, which may be positive news for prospective investors in the industry. Recent improvements in crop prices also support increased fertilizer expenditure. The Outlook Potash news and market information products from ICIS. While the patent expired fourteen years later, potash remains an important product used globally today. Potash prices remain subdued due to oversupply. The Colluli project is nearing the construction phase as Danakali seeks to secure financing, and the company expects the project to reach commercial production in late 2022. As usual, harvest activity restricted demand in mid-Q3, but by the end of the quarter buyers were back and looking to refill inventories. You can also export data to Excel via the ICIS dashboard service. 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. RABAT, Nov 9 (Reuters) - London-listed mining company Emmerson Plc expects to start building its $400 million Moroccan potash plant in late 2021 and start production by the end of 2023, Chief Executive Graham Clarke said. Phosphate DAP prices jumped 23% in 3rd quarter of 2020, supported by strong demand from key crop-growing regions. Demand from plantations was lacklustre because of low palm oil prices, political unrest and cashflow concerns. Potassium Chloride (Muriate of Potash) Spot Price is at a current level of 202.50, unchanged from 202.50 last month and down from 265.50 one year ago. Demand is seen as increasing as harvest will be completed during the period. Salt Lake Potash is initially building a 50,000 tonnes per year demonstration plant that will provide a template for the larger project. 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. Southeast Asian buyers remained largely absent from the market in Q3. The company’s potash segment is expected to see higher prices per ton and achieve improved sales volumes in 2021 as global potash shipments are on track to reach 10-year highs. 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. Post-harvest application buying had not emerged, so there was no extra pull on volumes. Israel Corp, Israel’s largest holding company, owns just over 45% of the business. 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. Mexico: potash use for corn crops 2011-2021 Forecast: operating revenue potash fertilizer manufacture China 2008-2020 Urea fertilizer potential worldwide supply 2014-2024 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. Basic Info. CF hit record sales volumes for the first nine months of 2020, but sales revenue dropped 15% due to lower prices. The data service includes charting functionality, allowing you to chart and download multiple data series for manipulation in your own internal models. Q3 supply was constant as market activity moved into a quieter period with fewer buyers participating as values held stable. Rahm said he believes there is enough data to support seeing a turnaround in potash prices in 2020. Potash has seen a slow few years due to low prices, oversupply and farmers tightening their belts. With attention focused on crops maturing and harvesting, there was the typical drop in demand as seen each year during this period. 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. To put another layer down before winter arrives tightening their belts a one-size-fits-all approach years later, remains... 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