2013-11-01 14:27:56 - The Russian fertilizer manufacturer URALCHEM continued to ramp up production in its key nitrogen segment and showed a 2% increase in output from all its enterprises during the first nine months of 2013.
Production from all enterprises of the URALCHEM Group during the first nine months of 2013 amounted to 4.49 tons. This is a 2% increase compared with the same period last year.
The production of ammonium nitrate and its derivatives amounted to 2.03 million tons, up 7% over the same period last year. The output of complex fertilizers increased by 1%, to 468.4 thousand tons. The production of commodity ammonia decreased by 3%, to 562.6 thousand tons. Urea production decreased to 851.4 thousand tons, which is 1% less than in January-September 2012. Production of phosphate fertilizers (MAP / DAP) decreased by 5%, to 333.3 thousand tons.
“On the whole, URALCHEM’s enterprises showed stable performance, increasing production through the upgrade of its units and
increasing their efficiency. URALCHEM took the market situation fully into account and continued to ramp up production in its key nitrogen segment, placing emphasis on the most popular products," said Dmitry Konyaev, CEO of URALCHEM, OJSC.
In the third quarter of 2013, the situation in the global fertilizer market was unfavourable for producers. The market for phosphate fertilizers suffered an especially significant drop in demand and prices. At the same time, the situation in nitrogen market is more stable.