Global ammonia capacity is projected to expand by 3% (a net 7 Mt NH3), from 225 Mt in 2017 to 232 Mt NH3 in 2022. Large capacity increases are expected to come on stream in Africa, South Asia and EECA. The restructuring planned in China’s nitrogen industry will lead to a massive closure of ammonia capacity. SEE MORE In 2017/18, global fertilizer consumption grew moderately (+0.9%) to reach an estimated 187 million tonnes (Mt) of nutrients. This modest growth reflects a combination of relatively low but slightly increasing international prices for most agricultural commodities; SEE MORE Southeast Asia’s methanol players are bullish about the market on expectations that supply will remain tight amid robust demand in the next few months. SEE MORE Crude oil output reached 7.1 million tonnes in the first six months of this year and in doing so hit 54.3 percent of the annual target. SEE MORE Cobalt traders are taking advantage of pronounced arbitrage opportunities arising out of regional variations in price moves and buying preferences between China and Europe. SEE MORE