Fertilizer Shocks Ahead Could Risk Food Supply
The effects of the Middle East conflict on ammonia and urea markets are expected to be global and far-reaching. Supply via the Strait of Hormuz accounts for approximately 30-35% of global seaborne urea trade and around 30% of ammonia trade. Outside of Oman, all ammonia and urea exports from the Middle East (including Iran) flow through the strait. Oman has also been affected by the conflict, sustaining attacks on its infrastructure. However, production and exports remain at pre-conflict levels. Read More
The Impact of US-Iran Conflict on Methanol Markets
Iran occupies a structurally significant position in the global petrochemical value chain, particularly in methanol, boasting 11% of global methanol nameplate capacity making it the world’s second-largest methanol producer, after mainland China. Iran exports well over 90% of its methanol production to the global markets mainly to mainland China and India. Read More