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class="PageBannerCarousel_fullHeight__USu7g row"><div class="col-12 col-lg-6 offset-lg-1"><div class="qa-pagebanner-title PageBannerCarousel_inner__QPvbB"><h2 class="h1">Argus Fertilizer Africa Conference</h2><div class="qa-pagebanner-desc-text d-none d-lg-block h3">10-12 February 2025 | Cape Town, South Africa <br/> <br/>The super early bird discount expires next Friday, 4 October. Register your place to save $500 and join 350+ attendees from across the African fertilizer value chain at the Westin Cape Town hotel for high-level networking, business negotiations as well as the latest market trends shaping the African market.</div><a title="" target="" class="qa-pagebanner-cta PageBannerCarousel_cta__P0g2H cta" href="/en/events/conferences/fertilizer-africa-conference">Find out more</a></div></div></div></div></div><div class="PageBannerCarousel_slide__o8BZd qa-pagebanner-carousel "><img alt="Yellow flowers" loading="lazy" width="1600" height="577" decoding="async" data-nimg="1" class="qa-pagebanner-image PageBannerCarousel_image__YvtgO d-none d-lg-block" style="color:transparent" 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class="qa-pagebanner-image PageBannerCarousel_image__YvtgO d-block d-lg-none" style="color:transparent" srcSet="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2F02-oil-products%2Fmarket%2Fmobile%2Fherobanner390x620_biofuelsandfeedstockspage.jpg%3Fh%3D620%26iar%3D0%26w%3D390%26rev%3Dae55c1f647f2426594b3d05dff1f5b42%26hash%3D642A142C9CFF3AD9938E5591E6A59931&w=640&q=75 1x, /_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2F02-oil-products%2Fmarket%2Fmobile%2Fherobanner390x620_biofuelsandfeedstockspage.jpg%3Fh%3D620%26iar%3D0%26w%3D390%26rev%3Dae55c1f647f2426594b3d05dff1f5b42%26hash%3D642A142C9CFF3AD9938E5591E6A59931&w=828&q=75 2x" src="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2F02-oil-products%2Fmarket%2Fmobile%2Fherobanner390x620_biofuelsandfeedstockspage.jpg%3Fh%3D620%26iar%3D0%26w%3D390%26rev%3Dae55c1f647f2426594b3d05dff1f5b42%26hash%3D642A142C9CFF3AD9938E5591E6A59931&w=828&q=75"/><div 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position-center"><a title="" target="" class="qa-combinedfeed-cta large cta" href="/en/news-and-insights/latest-market-news">View all news</a></div></div><div class="qa-tabspanel-list Tabs_panel__uEe2n " role="tabpanel"><div class="Media_group__OeJhY row"><div class="col-12 col-lg-4"><a class="qa-combinedfeed-primary-item Media_link__RM2GX grey" href="/en/news-and-insights/energy-and-commodity-podcasts/chemical-conversations-methanol-market-puts-and-takes-episode-4"><img alt="Chemical Conversations: Methanol Market Puts-and-Takes" loading="lazy" width="868" height="372" decoding="async" data-nimg="1" class="Media_image__EtnR7" style="color:transparent" srcSet="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fenglish%2Fimages%2Fnews-and-insights%2Fmarket-insight-papers%2Fgeneric-gradient-hero-banner_1600x530px.jpg%3Frev%3Dfa95d072fe044d539f6149b2773586f6%26hash%3D921DCAB9CE2D15E8A93AA048D0E54554&w=1080&q=75 1x, /_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fenglish%2Fimages%2Fnews-and-insights%2Fmarket-insight-papers%2Fgeneric-gradient-hero-banner_1600x530px.jpg%3Frev%3Dfa95d072fe044d539f6149b2773586f6%26hash%3D921DCAB9CE2D15E8A93AA048D0E54554&w=1920&q=75 2x" src="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fenglish%2Fimages%2Fnews-and-insights%2Fmarket-insight-papers%2Fgeneric-gradient-hero-banner_1600x530px.jpg%3Frev%3Dfa95d072fe044d539f6149b2773586f6%26hash%3D921DCAB9CE2D15E8A93AA048D0E54554&w=1920&q=75"/><div class="Media_inner__2M1Ik"><h3 class="qa-combinedfeed-item-title Media_title__Z_S50">Chemical Conversations: Methanol Market Puts-and-Takes</h3><hr class="Media_hr__ajAh0"/><div class="qa-combinedfeed-item-date Media_date__Ot7yV h6">26/11/24</div></div></a></div><div class="col-12 col-lg-4"><a class="qa-combinedfeed-primary-item Media_link__RM2GX grey" 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src="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fenglish%2Fimages%2Fnews-and-insights%2Fmarket-insight-papers%2Fgeneric-gradient-hero-banner_1600x530px.jpg%3Frev%3Dfa95d072fe044d539f6149b2773586f6%26hash%3D921DCAB9CE2D15E8A93AA048D0E54554&w=1920&q=75"/><div class="Media_inner__2M1Ik"><h3 class="qa-combinedfeed-item-title Media_title__Z_S50">Driving Discussions: RIN There, Done That</h3><hr class="Media_hr__ajAh0"/><div class="qa-combinedfeed-item-date Media_date__Ot7yV h6">26/11/24</div></div></a></div><div class="col-12 col-lg-4"><a class="qa-combinedfeed-primary-item Media_link__RM2GX grey" href="/en/news-and-insights/energy-and-commodity-podcasts/fuels-focus-your-weekly-insight-into-the-us-refined-products-market-episode-14"><img alt="Fuels Focus: Your Weekly Insight into the US Refined Products Market" loading="lazy" width="868" height="372" decoding="async" data-nimg="1" class="Media_image__EtnR7" style="color:transparent" srcSet="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fenglish%2Fimages%2Fnews-and-insights%2Fmarket-insight-papers%2Fgeneric-gradient-hero-banner_1600x530px.jpg%3Frev%3Dfa95d072fe044d539f6149b2773586f6%26hash%3D921DCAB9CE2D15E8A93AA048D0E54554&w=1080&q=75 1x, /_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fenglish%2Fimages%2Fnews-and-insights%2Fmarket-insight-papers%2Fgeneric-gradient-hero-banner_1600x530px.jpg%3Frev%3Dfa95d072fe044d539f6149b2773586f6%26hash%3D921DCAB9CE2D15E8A93AA048D0E54554&w=1920&q=75 2x" src="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fenglish%2Fimages%2Fnews-and-insights%2Fmarket-insight-papers%2Fgeneric-gradient-hero-banner_1600x530px.jpg%3Frev%3Dfa95d072fe044d539f6149b2773586f6%26hash%3D921DCAB9CE2D15E8A93AA048D0E54554&w=1920&q=75"/><div class="Media_inner__2M1Ik"><h3 class="qa-combinedfeed-item-title Media_title__Z_S50">Fuels Focus: Your Weekly Insight into the US Refined Products Market</h3><hr 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h6">27/11/24</div><img alt="Argus Launches CCP Prices, Lists More Individual Redd+ Projects" loading="lazy" width="590" height="728" decoding="async" data-nimg="1" class="Blog_image__ESA_e d-none d-lg-block" style="color:transparent" srcSet="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2F14-generic-hero-banners%2Fherobanner_1600x530_generic-a.jpg%3Frev%3D6ae706fca278406fb0b9e99247017236%26hash%3D93C7C90DF8B831534FFF2002B76434D6&w=640&q=75 1x, /_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2F14-generic-hero-banners%2Fherobanner_1600x530_generic-a.jpg%3Frev%3D6ae706fca278406fb0b9e99247017236%26hash%3D93C7C90DF8B831534FFF2002B76434D6&w=1200&q=75 2x" src="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2F14-generic-hero-banners%2Fherobanner_1600x530_generic-a.jpg%3Frev%3D6ae706fca278406fb0b9e99247017236%26hash%3D93C7C90DF8B831534FFF2002B76434D6&w=1200&q=75"/></a></div><div class="col-12 col-lg-6"><div 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h6">08/11/24</div></a></div><div class="col-12 col-lg-6"><a class="qa-combinedfeed-secondary-item Blog_link__iYmxQ grey" href="/en/news-and-insights/market-opinion-and-analysis-blog/fluctuating-market-conditions-force-global-rubber-producers-to-adapt"><div class="qa-combinedfeed-item-eyebrow sub-heading h5">Blog</div><h3 class="qa-combinedfeed-item-title Blog_title__lutvn">Fluctuating market conditions force global rubber producers to adapt</h3><hr class="Blog_hr__8TRld"/><div class="qa-combinedfeed-item-date Blog_date__j2eER h6">06/11/24</div></a></div><div class="col-12 col-lg-6"><a class="qa-combinedfeed-secondary-item Blog_link__iYmxQ grey" href="/en/news-and-insights/market-opinion-and-analysis-blog/argus-launches-weekly-global-eo-and-derivatives-service"><div class="qa-combinedfeed-item-eyebrow sub-heading h5">Blog</div><h3 class="qa-combinedfeed-item-title Blog_title__lutvn">Argus launches weekly global EO and Derivatives service</h3><hr class="Blog_hr__8TRld"/><div class="qa-combinedfeed-item-date Blog_date__j2eER h6">06/11/24</div></a></div></div></div></div><div class="CombinedFeedPanel_cta__B_k4H position-center"><a title="" target="" class="qa-combinedfeed-cta large cta" href="/en/news-and-insights/market-opinion-and-analysis-blog">View all blogs</a></div></div><div class="qa-tabspanel-list Tabs_panel__uEe2n " role="tabpanel"><div class="row"><div class="col-12 col-lg-6"><a class="qa-combinedfeed-primary-item Blog_link__iYmxQ Blog_primary__8F4i4 has-image grey" href="/en/news-and-insights/market-insight-papers/copper-market-surplus-could-be-short-lived"><div class="qa-combinedfeed-item-eyebrow sub-heading h5">Insight papers</div><h3 class="qa-combinedfeed-item-title">Copper market surplus could be short-lived</h3><p class="qa-combinedfeed-item-summary Blog_summary__nNg1U">The global copper supply surplus is on track to balloon in 2024 as production outpaces demand, but burgeoning renewable and electric vehicle (EV) markets as well as long 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class="qa-combinedfeed-item-title Events_title__MMPSB">Argus Clean Ammonia Europe Conference</h3><hr class="Events_hr__Mj_28"/><div class="qa-combinedfeed-item-location Events_location__umo8j sub-heading h3">Rotterdam, Netherlands</div></div></a></div><div class="col-12 col-lg-6"><a class="qa-combinedfeed-primary-item Events_link__fG2Qa white" target="_self" href="/en/events/conferences/coal-dubai"><img alt="Argus Coal for Power and Steel 2024" loading="lazy" width="774" height="370" decoding="async" data-nimg="1" class="Events_image__kChfG d-none d-lg-block" style="color:transparent" srcSet="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Frussian%2Fimages%2Fevents%2Fconferences%2Fhero-banners%2Fargus_2024_website_image_2431392601-min.jpg%3Frev%3D87b4d0b713544b94b3c312c4905e1cb3%26hash%3D10BD0B64A9F8A2039D06490EEE85FE7D&w=828&q=75 1x, 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Ukraine.","Tags":null,"CreatedDate":"2024-11-25T13:22:51Z","PublishDate":"2024-11-25T13:22:51Z","SearchResultItemUrl":"/news-and-insights/latest-market-news/2632197-escalation-in-ukraine-fuels-german-oil-product-demand","ThumbnailImageUrl":"/-/media/project/argusmedia/mainsite/images/14-generic-hero-banners/herobanner_390x620_generic-c.jpg?h=620\u0026iar=0\u0026w=390\u0026rev=1f6461bbf1f1417cb9ac37adf5126bb2\u0026hash=D27C33C4A19A3079C7BE43A393C45E0D"},{"ItemId":"2633195","Title":"Brazil industry to cast a wide net for decarbonization","ExternalLink":"","Description":"New York, 27 November (Argus) — Brazil's industrial sector, which was\nresponsible for roughly 4pc of the country's total emissions in 2023, is taking\na multifaceted approach to reduce its carbon footprint. The roadmap for\nemissions reductions in the industrial sector was issued earlier this month in a\njoint study produced by the country's National Industrial Confederation (CNI)\ntogether with the trade ministry. The study included an in-depth assessment of\nindustrial decarbonization proposals in key economies across the globe to\nestablish a benchmark for domestic industry. It highlighted that Brazilian\nindustries have multiple advantages compared with other countries such as the\nUS, UK and Germany, largely because Brazil's abundance of renewable electricity\nallows industries to more easily transition to this power source. The proposal\nrecommends the employment of a broad range of solutions, including the increased\nuse of renewable power and the adoption of new technologies, such as carbon\ncapture and storage (CCS) and renewable hydrogen. But it also suggests more\ncontroversial proposals, such as the increased use of natural gas to replace\nother fossil fuels with higher carbon footprints. Although the government is not\nexpected to release specific targets for each sector until next year, the\napproval of legislation that will create a regulated carbon market sets the\nstage for sectors with large carbon footprints to implement mandatory emissions\nreduction plans. The law stipulates that companies with emissions greater than\n25,000 t of CO2 equivalent (CO2e)/yr will be subject to the cap-and-trade\nsystem. Companies with emissions from 10,000-25,000 t CO2e/yr will need to\nreport their emissions but will not be required to offset them. New regulation\nwill underpin the decarbonization of Brazil's industrial sector, the study\nnoted, but much of it was passed this year and still needs regulations. The\nproposal cited the potential for CCS, which was approved in October as part of\nthe fuels of the future law. Although additional regulations are still needed\nfor the sector, the law creates a legal framework for investments to move\nforward. CCS is expected to play an important role in emissions reductions\nspecifically for the steel and cement sectors. State-owned Petrobras is already\nplanning investments in a pilot CCS hub, which can be used by other\ncarbon-intensive industries. The study also sees an important role for\nlow-carbon hydrogen, particularly for hard-to-abate industries. Legislation for\nthe development of the country's green hydrogen sector was approved in October\nand foresees R18.3bn in subsidies for these industries from 2028-2032. With the\nnew law, four low-carbon hydrogen projects are expected to get off the ground\nnext year: two in the port of Pecem in Ceara state, one in Pernambuco state and\none in Minas Gerais state. Gas debate The plan also sees increased use of\nnatural gas to replace fuels with higher carbon footprints as an immediate\nsolution to lower emissions. This strategy is already advancing in Brazil.\nEarlier this year, Norwegian aluminium producer Hydro concluded investments\nallowing Alunorte alumina refinery in Para state to use natural gas, replacing\nfuel oil in its industrial production. The company estimates that the conversion\nwill reduce the smelter's carbon emissions by 30pc. Similarly, natural gas plays\na pivotal role in mining company Vale which is working to increase natural gas\nconsumption to reduce the use of diesel and fuel oil in its industrial\nprocesses. The trade ministry study calls for policies that will expand gas\ntransport and distribution infrastructure. Currently, the legislature is\ndebating a bill that would classify the construction of new gas pipelines and\ngas as energy transition investments, allowing them to qualify for subsidized\nfinancing. This proposal has been criticized by environmental groups, such as\nthe energy and environment institute (Iema), which argues that investments in\ngas will delay the country's energy transition. Brazil's industrial emissions mn\nt CO2e Send comments and request more information at feedback@argusmedia.com\nCopyright © 2024. Argus Media group . All rights reserved.","Tags":null,"CreatedDate":"2024-11-27T19:27:13Z","PublishDate":"2024-11-27T19:27:13Z","SearchResultItemUrl":"/news-and-insights/latest-market-news/2633195-brazil-industry-to-cast-a-wide-net-for-decarbonization"},{"ItemId":"2633113","Title":"Trump tariff could hit Canada potash to US","ExternalLink":"","Description":"Houston, 27 November (Argus) — US president-elect Donald Trump's plan to impose\ntariffs on all imports from Canada and Mexico could increase potash prices in\nthe US. Trump said Monday via social media that he would he would slap 25pc\ntariffs on all products from the two neighboring countries\n(https://direct.argusmedia.com/newsandanalysis/article/2632483) after he takes\noffice on 20 January. For the US fertilizer market, the greatest potential\nimpact would be on potash. Canada provided 87pc of all US potash imports at\n11.7mn metric tonnes in the fertilizer year ended in June, according to US\nCensus Bureau data. The potential tariffs put Canadian suppliers in a tight\nspot. They could cut prices to mitigate importers' higher costs. Or they could\nhold prices steady to maintain netbacks but risk losing sales in the US market\non which they rely and have extensive distribution networks. US Corn Belt MOP\nprices have dropped to around $300/st fot in November. With a 25pc tariff added\non, importers would need to sell MOP at $375/st fot to receive the same margins.\nCanadian producers could also eat some of the tariff cost, as they have limited\nalternative markets for US volumes. The overall impact remains unclear and \"too\nearly to tell,\" according to market participants. One potential sign of the\ntariff threat taking effect would be if US buyers move up winter fill buying to\nDecember to get ahead of the 20 January deadline. Canada could retaliate with\nits own tariffs, just as Mexico has said it would consider . Trump, who used\ntariff negotiations as a negotiation tactic in his first presidential term,\ncould also end up exempting fertilizer products from his proposed tariffs,\naccording to market participants. By Meghan Yoyotte Send comments and request\nmore information at feedback@argusmedia.com Copyright © 2024. Argus Media group\n. All rights reserved.","Tags":null,"CreatedDate":"2024-11-27T18:04:21Z","PublishDate":"2024-11-27T18:04:21Z","SearchResultItemUrl":"/news-and-insights/latest-market-news/2633113-trump-tariff-could-hit-canada-potash-to-us"},{"ItemId":"2633000","Title":"US cobalt supply set to tighten under Trump tariffs","ExternalLink":"","Description":"London, 27 November (Argus) — US president-elect Donald Trump's plan to impose\nnew tariffs against China, Mexico and Canada appears set to tighten cobalt metal\nsupplies in the US, as one of the three western brands accepted for most\naerospace uses will likely be affected. Trump on the evening of 25 November\nwrote on his Truth Social platform that he would impose a new 10pc tariff on\nChinese goods in addition to a pre-existing 25pc duty on Chinese cobalt, and\n25pc duties on Canadian and Mexican goods entering the US. While the impact of\nthe tariff on Chinese metal entering the US would be largely \"irrelevant\",\naccording to trading firms, the tariff on Canadian cobalt metal could tighten\nits supply to the US' aerospace market. Brazilian mining group Vale produces\ncobalt and nickel at its operations in Port Colborne and Long Harbour in\nCanada's Ontario province. Vale produced 2,300t of cobalt metal last year. The\nother two large western suppliers of cobalt metal, Sumitomo Metal Mining (SMM)\nin Japan and Glencore's Nikkelverk in Norway, produced 3,800t and 3,500t,\nrespectively, comprising a combined western total of 9,600t. \"If Canadian\n(cobalt) now clocks a 25pc duty, that makes SMM and Nikkelverk much more\nvaluable,\" a trading firm said, adding that some suppliers may have negotiated a\ntariff clause in contracts this year to avoid any potential impact from the US\nelection. Annual contract negotiations for cobalt have extended longer this year\nbecause of uncertainty stemming from the US election in early November.\n\"[Sellers will] have an issue on their long-term contracts if they don't include\na tariff clause,\" a market participant said. Indonesian supply to increase A\npotential source of cobalt metal that could fill the gap left by the potential\nabsence of Canadian material is Indonesia, which until now has avoided Trump's\nattention. \"The 25pc duty on Canadian imports will impact Vale, basically puts\nthem in a similar status as Chinese, so [we] could see a dramatic drop in\nimports,\" a trading firm said. \"Normally, this would tighten the market further,\nbut I think this will be easily compensated by the influx of Indonesian metal\nthat will hit the US market.\" Many ASEAN countries, including Indonesia, have a\ndelicate balancing act to play with Trump. They must navigate between\nmaintaining their relationship with their largest trading partner — in most\ncases China — and benefiting from US-based global corporations' moves to\ndiversify supply chains away from China. Nowhere is Indonesia's unsteady\nequilibrium clearer than in the battery market, where several nickel projects, a\nfew which also produce cobalt, are in development thanks to investments from\nboth Chinese and western companies. Some of this cobalt is heading to the US,\nand several trading companies are confirmed by Argus to have Indonesian material\non the water. The new supplies, produced by PT Lygend in Indonesia, are shipped\nto a warehouse in Ningbo, China, then packaged and sent onwards to the US.\nAcross August and September, Indonesia exported 180t of cobalt metal to China,\nmuch of which was shipped to the US. Cut cathodes and that with quality similar\nto Chinese brands recently have sold on the international market at either side\nof $10/lb. Similar prices could see Indonesian cobalt compete with existing\nbrands in the US, but it will take \"up to two years\" to become qualified for use\nin aerospace applications, a trading source said. Indonesia's trade with the US\nlast year amounted to $23bn, making it the country's second-largest trading\npartner after China at $65bn. Indonesia's trade with China has grown at a\ncompound annual growth rate of 20pc over the past 10 years, while trade with the\nUS grew at 4.59pc. Indonesia's combined trade with the rest of the world climbed\nby 7pc over the same period, data show. US investments in Indonesia totalled\n$67bn from 2014-23, according to a report by the US Chamber of Commerce.\n\"Jakarta's view will continue to be how to extract the most out of both powers\nand engage more partners for Indonesia's own interest,\" said research group\nASEAN Wonk Global chief executive and founder Prashanth Parameswaran in a recent\nreport for US congressional think-tank the Wilson Center. Trump has clearly\nindicated a desire to impose tariffs on imports from much of the world, hoping\nto isolate countries and renegotiate trade deals on terms that are favourable to\nthe US. There is a risk that Indonesia may end up on this list, as fellow ASEAN\ncountry Vietnam discovered in 2019, when Trump labelled it the \"worst abuser\" of\nUS trade policy. But at this point, there is no clear indication either way, and\ncobalt trading companies are looking to use this opportunity while it lasts. By\nThomas Kavanagh Indonesian foreign trade Cobalt metal suppliers t Send comments\nand request more information at feedback@argusmedia.com Copyright © 2024. Argus\nMedia group . All rights reserved.","Tags":null,"CreatedDate":"2024-11-27T14:55:11Z","PublishDate":"2024-11-27T14:55:11Z","SearchResultItemUrl":"/news-and-insights/latest-market-news/2633000-us-cobalt-supply-set-to-tighten-under-trump-tariffs"},{"ItemId":"2632902","Title":"Bangladesh receives DAP, TSP offers in tender","ExternalLink":"","Description":"London, 27 November (Argus) — Bangladesh's ministry of agriculture received\noffers for 60,000t of DAP at $685.30-691/t cfr and 115,000t of TSP at\n$567.80-600/t cfr in its latest private-sector tender, which closed today. The\nministry received two offers for DAP: Bulk Trade International offered 30,000t\nat $685.30/t cfr Saifullah Gulf offered 30,000t at $691/t cfr The ministry also\nreceived six offers for TSP: Bulk Trade International offered 25,000t at\n$567.80/t cfr Mounota Trade Index offered 20,000t at $573.50/t cfr Noapara\nTraders offered 30,000t at $573.50/t cfr Saifullah Gulf offered 26,000t at\n$574/t cfr Alif Trading offered 4,000t at $574/t cfr Noapara Trading offered\n10,000t at $600/t cfr Argus understands that much of the product offered in the\ntender will be shipped from Morocco. There were reports that one of the DAP\ncargoes offered will be shipped from China. The lowest offers in this latest\ntender are up compared with those under the ministry's 18 November\nprivate-sector tender , which received offers for 120,000t of DAP at\n$678.40-717/t cfr and 113,000t of TSP at $561.90-585/t cfr. The ministry likely\nawarded 40,000t of Moroccan DAP to Bulk Trade International at the offered level\nof $678.40/t cfr, with negotiations ongoing for further cargoes, under the 18\nNovember tender. By Tom Hampson Send comments and request more information at\nfeedback@argusmedia.com Copyright © 2024. Argus Media group . All rights\nreserved.","Tags":null,"CreatedDate":"2024-11-27T11:16:37Z","PublishDate":"2024-11-27T11:16:37Z","SearchResultItemUrl":"/news-and-insights/latest-market-news/2632902-bangladesh-receives-dap-tsp-offers-in-tender"},{"ItemId":"2632854","Title":"Australia on track for 2030 GHG emissions target","ExternalLink":"","Description":"Sydney, 27 November (Argus) — Australia is on track to reduce greenhouse gas\n(GHG) emissions by 42.6pc by 2030 from 2005 levels, nearly within the country's\n43pc target, climate change and energy minister Chris Bowen announced today. The\nforecast is based on the baseline scenario from the Department of Climate\nChange, Energy, the Environment and Water (DCCEEW)'s emissions projections 2024\nreport, which will be released on 28 November, according to Bowen. It compares\nto a 37pc reduction estimated in the 2023 report under the baseline scenario and\nis slightly above the previous report's 42pc projection under a scenario \"with\nadditional measures\", as those policies have now been incorporated into the\nbaseline assumptions. The inaugural emissions projections report, published at\nthe end of 2022 , showed forecast reductions of 32pc in the baseline scenario\nand 40pc in the additional measures scenario. The main policies incorporated are\nthe expanded Capacity Investment Scheme (CIS) and the fuel efficiency standards\nfor new passenger and light commercial vehicles, Bowen said. Under the CIS,\nAustralia will support 32GW of new capacity consisting of 23GW of renewable\ncapacity such as solar, wind and hydro, as well as 9GW of dispatchable capacity\nsuch as pumped hydro and grid-scale batteries. Tenders will run every six months\nuntil 2026-27 and winners will need to start operating their assets by 2030, in\ntime to help the Labor government meet its target of sourcing 82pc of\nelectricity from renewable sources by 2030. Bowen last month announced tender\nvolumes would be accelerated on the back of strong interest in the initial 6GW\ntender in May. NEM review The government separately announced the start of a\nreview of the National Electricity Market (NEM) wholesale market settings, which\nwill need to be changed following the conclusion of the CIS tenders in 2027 and\nas Australia transitions to more renewables from its aging coal-fired plants.\nThe tenders will give up to 15 years of support, but new settings will be needed\nto promote investment in firmed renewable generation and storage capacity into\nthe 2030s and beyond, especially as the Renewable Energy Target scheme will come\nto an end on 31 December 2030 . An expert independent panel will carry out\nwidespread consultation and make final recommendations to energy and climate\nministers in late 2025. The panel will need to consider the importance of\ndecarbonising Australia's electricity system to achieve the 43pc emissions\nreduction target by 2030 and net zero emissions by 2050, according to the\ngovernment. But the panel \"will not consider\" options that involve\nimplementation of carbon trading schemes or carbon markets, or that entail\ngovernments supporting new fossil fuel generation, it added. The federal\ngovernment will need to co-ordinate and introduce a \"clear and enduring\" carbon\nsignal in the energy sector to adapt the 25-year-old NEM to a \"post-coal era\" ,\ndomestic think-tank Grattan Institute said earlier this year. By Juan Weik Send\ncomments and request more information at feedback@argusmedia.com Copyright ©\n2024. Argus Media group . 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