Acron Group Releases 9M11 Operating Results
OREANDA-NEWS. October 27, 2011. Acron Group’s Consolidated Output (Operating Results for Acron, Dorogobuzh and Hongri Acron)
Product, ‘000 t |
9M 2011 |
9M 2010 |
YOY |
Ammonia |
1,306.3 |
1,279.7 |
2% |
Incl. own use |
1,163.4 |
1,070.3 |
|
Nitrogen fertilisers |
1,799.9 |
1,630.5 |
10% |
Incl. own use |
251.3 |
205.3 |
|
Ammonium nitrate |
1,075.2 |
956.5 |
12% |
Incl. own use |
51.0 |
31.0 |
|
Urea |
337.7 |
330.2 |
2% |
Incl. own use |
200.3 |
174.3 |
|
Urea-ammonium nitrate (UAN) |
387.0 |
343.8 |
13% |
Complex fertilisers |
1,949.4 |
1,772.2 |
10% |
Incl. own use |
19.9 |
13.0 |
|
NPK |
1,732.4 |
1,639.8 |
6% |
Incl. own use |
19.9 |
13.0 |
|
Bulk blends |
217.0 |
132.4 |
64% |
Organic compounds |
297.2 |
262.3 |
13% |
Incl. own use |
154.8 |
132.3 |
|
Methanol |
58.9 |
60.1 |
-2% |
Incl. own use |
54.6 |
48.7 |
|
Formalin |
108.1 |
93.5 |
16% |
Incl. own use |
99.5 |
83.1 |
|
Urea-formaldehyde resins (UFR) |
130.2 |
108.7 |
20% |
Non-organic compounds |
602.9 |
545.5 |
11% |
Low-density and technical-grade ammonium nitrate |
167.0 |
132.4 |
26% |
Calcium carbonate |
277.1 |
253.4 |
9% |
Liquid carbon dioxide |
41.8 |
34.4 |
22% |
Argon |
5.3 |
4.9 |
8% |
Hydrochloric acid |
111.7 |
120.4 |
-7% |
TOTAL COMMERCIAL OUTPUT (output less own consumption) |
4,366.3 |
4,068.7 |
7% |
Comments:
In the first nine months of 2011, the Group’s commercial output was up 7% year-on-year to 4.366 million tonnes. In Q3 of the current year, the Group performed a number of maintenance overhauls, including one of the nitrogen unit, which affected the Group’s operational results for nitrogen fertilisers. However, this was compensated for by high performance in the first two quarters. In 2011, Dorogobuzh showed steady growth in its operational results, partially due to the fact that the Company did not have any long-lasting overhauls of the nitrogen unit as in 2010.
The Group’s Chinese company Hongri Acron also increased its output due to a favourable situation in the Chinese fertiliser market.
Nitrogen Fertilisers and Ammonia
In 2011, Acron and Dorogobuzh continued to increase their output of nitrogen fertilisers, demand for which remains very high both in the Russian market and in the major export markets (Latin America, North America and
Complex Fertilisers
High demand for complex fertilisers provides maximum load for the Group’s NPK production facilities and allows it to increase dry blends output, showing 64% growth for the nine months of the current year. The Group is extensively developing new markets for its key product – NPK 16:16:16. This year showed significant results in complex fertiliser sales in
Organic and Non-organic Compounds
In the reporting year, Acron and Dorogobuzh continued to ramp up production of industrial products. Acron’s organic compounds output was up 13% in the reporting period, including a 20% jump in UFR production in response to significant demand from the Russian wood industry. Higher demand for non-organic compounds allows both companies to increase their output of low-density and technical grade ammonium nitrate, calcium carbonate and liquid carbon dioxide.
Global Fertiliser Market and Prices
The Group continues its dynamic expansion to the highly populated countries of South-East Asia and
In general, there is an upswing trend in the global fertiliser market. Actual global demand by agricultural companies provides for both sustainable fertiliser sales and satisfactory prices for producers.
Indicative Global Prices for Mineral Fertilisers (USD per tonne)
|
|
9M 2011 |
9M 2010 |
YOY |
Ammonia |
FOB Yuzhny |
501 |
345 |
45% |
Urea |
FOB Baltics |
410 |
259 |
58% |
Ammonium nitrate |
FOB Baltics |
315 |
219 |
44% |
UAN |
FOB |
307 |
188 |
63% |
NPK |
FOB FSU |
441 |
317 |
39% |
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