Views:2 Author:Site Editor Publish Time: 2020-04-09 Origin:Site
As the global epidemic continues to cause chaos, the market is basically on the sidelines. Market participants are much more cautious. They are more willing to wait and see to assess the impact of the epidemic on the fertilizer business.
Due to the epidemic, several new projects have been postponed. In Turkey, Iskenderun Fertilizer Company has stopped the start of its new 300,000-ton / year steam granulation plant. The project has started trial operation in March and the goal is to provide commercial products in April. In Kenya, MEA Fertilizer ’s 100,000-ton / year compound fertilizer plant in Nakuru was postponed due to the lack of Chinese engineers due to the outbreak. But looking for alternative personnel, the factory's work continues. The company expects to postpone the trial operation in June / July from March / April.
India ’s Deepak announced that due to the blockade in the country, it has also closed its 700,000-ton / year compound fertilizer plant. In addition, nine other Indian manufacturers have closed their plants and operating rates have declined.
Before the global epidemic will affect the fertilizer market further, uncertainty in the global market may lead to price stability.