Acron Group’s Commercial Output Up 6% in 9M 2021
Group’s Consolidated Output (including operating results for Acron, Dorogobuzh and
Product, ‘000 t | 9M 2021 | 9M 2020 | YOY, % |
MINERAL FERTILISERS | |||
Ammonia | 2,164 | 2,071 | 4.5 |
Incl. in-house consumption | 2,113 | 1,980 | |
Nitrogen fertilisers, including | 3,750 | 3,634 | 3.2 |
Incl. in-house consumption | 689 | 562 | |
AN | 1,638 | 1,826 | -10.3 |
Incl. in-house consumption | 232 | 170 | |
Urea | 1,050 | 887 | 18.4 |
Incl. in-house consumption | 456 | 391 | |
Including prilled urea | 273 | 381 | -28.5 |
Incl. in-house consumption | 15 | 11 | |
Including granulated urea | 364 | 145 | 150.5 |
Incl. in-house consumption | 27 | 19 | |
UAN | 1,061 | 921 | 15.2 |
Complex fertilisers, including | 1,945 | 1,747 | 11.4 |
Incl. in-house consumption | 40 | 27 | |
NPK | 1,798 | 1,663 | 8.1 |
Incl. in-house consumption | 40 | 27 | |
Bulk blends | 147 | 84 | 75.4 |
Total commercial output for Mineral Fertilisers | 5,017 | 4,884 | 2.7 |
INDUSTRIAL PRODUCTS | |||
Organic compounds, including | 367 | 307 | 19.3 |
Incl. in-house consumption | 191 | 155 | |
Methanol | 81 | 71 | 13.9 |
Incl. in-house consumption | 71 | 57 | |
Formalin | 132 | 110 | 19.8 |
Incl. in-house consumption | 117 | 96 | |
Urea-formaldehyde resins | 154 | 127 | 22.0 |
Incl. in-house consumption | 4 | 2 | |
Non-organic compounds, including: | 890 | 757 | 17.5 |
Low-density and technical-grade AN | 368 | 246 | 49.3 |
Industrial urea | 120 | 92 | 31.4 |
Calcium carbonate | 353 | 373 | -5.4 |
Liquid carbon dioxide | 44 | 41 | 7.6 |
Argon | 5 | 5 | -3.7 |
Total commercial output for Industrial Products | 1,066 | 909 | 17.2 |
PHOSPHATE INPUTS | |||
Apatite concentrate | 936 | 848 | 10.3 |
Incl. in-house consumption | 704 | 684 | |
Total commercial output for Apatite Concentrate | 232 | 164 | 41.4 |
TOTAL COMMERCIAL OUTPUT | 6,315 | 5,957 | 6.0 |
Note: Commercial output is output less in-house consumption.
Comments from
‘In 9M 2021,
‘The strong demand we are seeing as the global economy recovers from the COVID-19 crisis requires that we be as focused and efficient as possible. While some producers are experiencing difficulties with logistics and feedstock supply,
‘In this context, the Urea-6+ project, which significantly boosted our output of this world’s most popular fertiliser, appears to be perfectly aligned with the market’s needs. Since August, the unit has been operating at increased capacity, and the results are visible, with output of agricultural urea up 18% year-on-year. It is important for us that the project is in line with Acron’s ESG principles: the upgraded operations include a cutting-edge unit for wastewater fine treatment, which significantly reduces our environmental impact. And because we use СО2 to produce urea, the Urea-6+ project helps decrease our carbon dioxide emissions by more than 350,000 tonnes per annum.
‘Demand is strong in the industrial segment as well. The Group boosted its output of industrial products by 17% to 1,066,000 tonnes. Apatite concentrate output increased 10% to 936,000 tonnes.
‘Prices continue to head upward, but major Russian fertiliser producers froze their key fertiliser prices for domestic farmers in
Market Trends
In Q3 2021, global urea prices continued to climb. The FOB Baltic price approached USD 600 by the end of the quarter, reaching in October a post-2008 high of USD 700. This pricing trend was fuelled by Chinese government actions limiting urea exports, an energy crisis in
In early October, the FOB Baltic price of AN hit USD 450, another post-2008 record. UAN prices set a historical record of USD 600. These upward price trends were supported by higher urea prices, which serve as a benchmark for other nitrogen fertilisers.
NPK prices were on the rise as well in Q3 2021, supported by a similar pricing trend for the basic product basket (urea, DAP, and potassium chloride). The NPK 16-16-16 premium over the basic product basket was 15%.
Average Indicative Prices, USD per t, FOB Baltic/Black Sea
Q3 2021 | Q2 2021 | Q3 2020 | Q3 2021 / Q2 2021 Change | Q3 2021 / Q3 2020 Change | |
NPK 16-16-16 | 425 | 353 | 253 | 20% | 68% |
AN | 309 | 245 | 162 | 26% | 91% |
UAN | 306 | 250 | 114 | 22% | 168% |
Urea | 445 | 359 | 231 | 24% | 93% |
Ammonia | 578 | 462 | 186 | 25% | 210% |
Media Contacts
Public Relations
Phone: +7 (495) 777-08-65 (ext. 5196)
Investor Contacts
Strategy and Investor Relations
Phone: +7 (495) 745-77-45 (ext. 5252)
Background Information
In 2020, the Group sold 7.8 million tonnes of its main products to 74 countries, with
In 2020, the Group posted consolidated IFRS revenue of RUB 119,864 million (USD 1,661 million), with EBITDA of RUB 35,311 million (USD 489 million). Acron’s shares are traded on the Moscow Exchange, and its global depositary receipts are traded at the
For more information about
© OMX, source