DOCSLIB.ORG

Phosphates and NPK Sample.Pdf

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Phosphates and NPK Sample.Pdf Published by Profercy Phosphates SC Editor Tom Jago E [email protected] T +34 952 833 906 www.profercy.com Thank you for downloading a sample pack of our reports. Contact us The pack contains: If you have any questions regarding our reports and our A Profercy Trade Forecast subscriptions, please feel free to contact us using the Published monthly, our Forecasts assess the forms on our website, or by email: medium-term supply, demand and price prospects [email protected] for key products. A Profercy Weekly Report News and analysis on the short to medium term prospects for Phosphates & NPKs, as well as price ranges for the week (on the final page of the weekly report). Published every Thursday. A Profercy Daily Update Short, to-the-point news and insights, covering key market and industry news. Please note that our reports have been redesigned since the publication of the reports below, with changes to colour and layout. If you have any questions, please contact [email protected] © Copyright 2013 Profercy Ltd All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, without the prior written permission of the Copyright owner. 01 Profercy hosphates &NPKs P 7 March 2013 GLOBAL PHOSPHATES POSITION DAP, MAP From the 14 February Report: Phosphates markets look to have turned the Americas: Tampa high-end corner in Europe and in several South American markets. steps up to $510s pt fob as US export “opportunity” tonnes available at that time in the low/mid $460spt Australia buys more late DAP. fob Tampa are now well below today’s market at $495-510pt fob for PhosChem Brazil bids intense at $515-520pt spot business to Mexico and a Trammo/MissPhos lot to Australia. The big fob as sellers pull up sharply to change into March is parallel demand from spot buyers in Brazil, Argentina, $530pt cfr. NOLA up from recent East & West Europe, African (Kenya & Ethiopia), plus hints of US domestic dip, back into high $460s pst fob. spring interest. As per our earlier calls, all of these markets had been deferring, aiming at 11th hour buying to pre-empt Indian contracts. For many, the last Europe, Middle East, Africa: minute is now. News of various DAP producer delegations in India have NW Europe DAP into upper surfaced; from Russia last week; and Morocco and the US this week. Internal $550s pt fca; Offers at $575-580pt meetings within OCP jv group companies, and at Mosaic India, normally bring cfr Atlantic, $560-565spt cfr Med. courtesy contact on the domestic DAP S&D, maybe not prices yet. For all other Kenya DAP award pending. spot buyers, Indian DAP import volumes more significant than the price. Asia: India import talks poised; One-minute briefing Formal subsidy notice awaited; Sabic sells minor new cargo to US export DAP values rise; TA sells Australia at $510pt fob Pascagoula Thailand; Bids in Vietnam. PhosChem sells $495pt fob minor lot to Mexico; Offers rise to low $505s US domestic DAP picks up to $465470 pst fob barge; Swaps flat forward Speciality NPKs: MKP stable; NOLA MAP at $455pst fob sees tentative re-export interest as Tampa firms tech MAP soft; Urea phosphate Brazil in talks on big OCP DAP/MAP volumes up to 200kt; Offers $530 cfr picks up again in Europe As local Brazil import interest builds, OCP unveils local Brazil presence Several traders pursue next Mexico avails into April; Fertinal holds out NEWS India budget gets luke-warm reception at macro level; Rupee weakens OCP, Brazil: OCP is launching Delhi rumours suggest higher-than-expected DAP subsidy; Rs12,350pt a new business model in Brazil, Saudi, Jordan still seen ready with a baseload at +/-$500pt cfr India establishing its first direct Sabic inclined to defer on Ethiopia talks; pending India subsidy news presence in the internal market European DAP prices make further moderate gains; NPK offers rise via OCP Fertilizantes Ltda, basis New USDA report 8 Mar; Dec ‘13 corn/wheat spread still a huge $1.80/bu its own inland logistics platform $ pt fob DAP $pt fob Tampa: Similar bottom-out 2013 vs 2012 from storage centers in ports and Tampa Both 2012 & '13 reversals ended 8-month bear markets agriculture heartland. 700 PRICING 650 600 DAP: US export top hits $4510pt fob; bids at $500-505 fob 550 500 MAP: Brazil bids in $520s pt cfr a. for big April shipment demand 450 b. 400 PROFERCY 350 PHOSPHATES & NPKs 300 Editor: Tom Jago 250 Tel: + 34 952 83 39 06 200 Cell: + 34 665 832 954 [email protected] www.profercy.com 7 March 2013 Profercy Phosphates & NPKs www.profercy.com Page 1 US exports: Trammo has sold a fresh 30,000t MissPhos DAP cargo for end March shipment to Australia, netting $510pt fob Pascagoula. This is US Balance (DAP/MAP) Trammo’s second DAP sale in Q1 for this market, benefitting from last Exports March year’s DAFF certification of the MissPhos facilities. PhosChem Brazil 85 Further fresh PhosChem business to EC Mexico is heard up $10pt from Australia 45 last week, to $495pt fob Tampa, this for 6,000t DAP shipping April. C America 6 Mexico 6 February program: Total US exports of DAP/MAP look to have Argentina, Urug 25 topped 400,000t in February (vs 360kt in Jan & 300kt in Dec). Contract/Sys* 105 PhosChem/Mosaic completed 20,000t DAP & K-Mag for Puerto *Various Japan, Canada, Latin Am Cabello, Venezuela against the mid-December IPSL import tender via CF KT/C Amer, Mex 12 Nitron. This was followed by 25,000t DAP in two lots ex Tampa for MissPhos TA/C America 8 Ecuador, against earlier spot business. TA/Australia 30 Domestic sales March program: PhosChem/Mosaic have a strong start to March exports from Tampa, with two DAP/MAP/MES handymax All producers - projected 525 combinations to Paranagua, Brazil, completing this week on the MV Total 847 AP Slano and MV Akili. These will be followed by Indagro’s 45,000t Est. Output Kt DAP vessel to Thailand is due to complete on the MV Vishva Ekta Carry from Jan programme +13 later this week. Mosaic 510 PCS 115 Swaps: March Tampa swaps have risen sharply with bids/offers CF 140 now at $505-515pt fob; overtaking April at $500-510pt fob. MissPhos 40 Tampa DAP/MAP Export Line Up – Feb (kt) Total 818 STX Azalea 20 Peru PhosChem 2 Stock build/draw (end Mar) -29 Thor Dynamic 15 Chile (+ K2O) PhosChem 3 Atlantic Arrow 20 Japan PhosChem 3 Saudi Balance (DAP) New Glory 33 Australia PhosChem 4 Sales – Jan Ocean Neptune 28 Uruguay CF/KT, Nitron 7 Sabic Ethiopia 100 Coreleader OL 20 New Zeal & Auz PhosChem 8 India 35 UBC Balboa 18 Mexico PhosChem 11 Thailand 23 Balsa 81 4 Colombia PhosChem 12 Spring Breeze 20 Colombia PhosChem 13 Sales – Feb Bansui 20 Australia (+ MES) PhosChem/Mosaic 15 Ma’aden China 60 India (last ‘12 contr.) 30 Medi Osaka 25 Brazil PhosChem 16 CS Crystal 28 Uruguay CF/Keytrade 18 Sabic India (last ‘12 contr.) 40 Tundra 30 Argentina (Neco.) Nitron/Phoschem, CF 19 Sales – Mar Manizales 7 Honduras PhosChem 20 Ma’aden Ethiopia 50 Satigny 6 Mexico (Altam.) PhosChem 22 Sabic Ethiopia 50 Sunlight Lilly 12 C America (+K2O) PhosChem 23 Thailand 15 Lennard 14 Mexico (Altam.) Keytrade/CF 24 Kenya (tbc) 25 Xiaoyi C 4 Ecuador PhosChem 25 Total 428 Promise 3 22 Ecuador PhosChem 25 Est. Output Bluebill 28 Argentina (Neco.) PhosChem 27 Dec/Jan carryover 115 Total 374 Jan 150 3 export lots due in Feb from TA/MissPhos Pascagoula, incl 30,000t to Australia; 6,000t DAP from PotashCorp ex Morehead City. US total seen exceeding 400kt in Feb. Feb 2wk turnaround 70 Mar 170 Tampa DAP/MAP Export Line Up – March (kt) Total avails 505 AP Slano 35 Brazil (+MES) PhosChem, Mosaic 2 Stock build/draw (end Mar) +*77 Akili 30 Brazil (+ MES) PhosChem, Mosaic 3 Vishva Ekta 45 Thailand Indagro, PhosChem 3 * MPC projected carry at end March has Sheila McDevitt 25 NOLA (pt cargo) Mosaic 4 scope for fresh business to Ethiopia, East Africa and potentially India. Both Ma’aden & Total 135 Sabic are comfortable waiting in this position 45,000t export DAP due in March from TA/MissPhos Pascagoula 7 March 2013 Profercy Phosphates & NPKs www.profercy.com Page 2 US domestic: Reports surfaced late this week of NOLA DAP business marginally higher inland and at NOLA. Last done is now heard back up OCP Balance (DAP/MAP) Kt into the mid/high $460s pst fob barge for March. Some sellers are now Sales Mar heard withdrawing up to $470pst for late March. Koch USA (M/D) 50 Helm USA (M + TSP) 25 Cross-gulf: Mosaic is shipping a large Tampa/NOLA part-cargo of Traders West Europe 75 about 25,000t DAP on the MV Sheila McDevitt. As MAP imports OCP East Europe 20 build (pricing below), DAP has been tighter through Feb at NOLA Brazil (M/D) 110 Imports: Russian and Moroccan MAP prices are heard marginally Kenya (D) 25 higher to $460pst fob; and Mexican into the low/mid $460s pst fob. Domestic (D) 40 Inland activity and pipeline movement continues slow in typical Total sales 345 mid-winter weather conditions. Est. Output DAP/MAP Feb/Mar carry 10 Tampa, NOLA DAP bottom-out coincidence 2012 vs '13 OCP* 325 Tampa & NOLA switch places to set market floor - metric equiv basis OCP/Bunge jv+ 30 675 Total avails 365 Stock build/draw (end Mar) +20 625 * Assumes OCP ramps up to regular rates of 80% load at Jorf by end March.
Load more

Recommended publications
  • United States Securities and Exchange Commission Form
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) [ ] REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) or (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR [X] ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2013 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR [ ] SHELL COMPANY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requiring this shell company report ............................................ For the transition period from .................... to ................................. Commission file number 1- 32479 TEEKAY LNG PARTNERS L.P. (Exact name of Registrant as specified in its charter) Republic of The Marshall Islands (Jurisdiction of incorporation or organization) 4th Floor, Belvedere Building, 69 Pitts Bay Road, Hamilton, HM 08, Bermuda Telephone: (441) 298-2530 (Address and telephone number of principal executive offices) Mark Cave 4th Floor, Belvedere Building, 69 Pitts Bay Road, Hamilton, HM 08, Bermuda Telephone: (441) 298-2530 Fax: (441) 292-3931 (Contact information for company contact person) Securities registered, or to be registered, pursuant to Section 12(b) of the Act. Title of each class Name of each exchange on which registered Common Units New York Stock Exchange Securities registered, or to be registered, pursuant to Section 12(g) of the Act. None Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act. None Indicate the number of outstanding shares of each issuer‘s classes of capital or common stock as of the close of the period covered by the annual report.
    [Show full text]
  • Delegate List As of 1 October 2018
    Delegate list as of 1 October 2018 Job Title Company Country Head of Research and Development Division AB Lifosa Lithuania Technical Director AB Lifosa Lithuania Technical Engineer AB Lifosa Lithuania Abu Zaabel for Fertilizer & Chemical Company Manager of Sulfuric Acid Unit (AZFC) Egypt General Manager ACCS Ltd United Kingdom Director ACCS Ltd United Kingdom Purchasing Director Adisseo France SAS France Managing Director AECI Limited South Africa Commercial Director Chemical Initiatives AECI Limited South Africa Executive & Chemical Engineer AECI Limited South Africa Manager Procurement and Sales Aglobis AG Switzerland CEO Aglobis Group Aglobis GmbH Germany Vice President Marketing & Sales Aglobis GmbH Germany Product Engineer AGRU Kunststofftechnik GmbH Austria . AGRU Kunststofftechnik GmbH Austria General Manager Alberta Sulphur Research Ltd (ASRL) Canada Director of Research Alberta Sulphur Research Ltd (ASRL) Canada Global Segment Director: Chemical Industry Aliaxis Participations SA/NV Belgium Product Manager Ameropa AG Switzerland Director of Sales & Service AMETEK GmbH Germany Global Sales Manager AMETEK Precision Instruments/France France General Director of Technical Policy Apatit, AO Russian Federation Interpreter Apatit, AO Russian Federation Chief Specialist Project Manager Apatit, AO Russian Federation Acid Plants Operations Manager Atlantic Copper Spain Director Sulphuric Acid Aurubis AG Germany Technologist Acid Plant Aurubis Bulgaria Bulgaria R&D Team Leader Aurubis Bulgaria Bulgaria Director Acid & Waste Water Treatment
    [Show full text]
  • Pat Panzarino – Vice President Coal Trading, Trammo, Inc
    Trammo Pat Panzarino Presentation to NCCI 2016 A Trader’s View of The Market. GLOBAL INDEPENDENT RELIABLE Agenda • Gratuitous Trammo Inc. promotion • Quotes I Like • Impacts • Global Coal Factoids • Developments since 2012 and…most recent surprises • Possible future trends/conclusions • Metrics…what should You watch? 2 Trammo Group • Private company founded in 1965 with corporate head quarters in New York • 450 employees in 32 different locations • Worldwide trade volume in excess of 43 million metric tons • Turnover in 2014 of US$ 12.2 billion ranking Trammo as one of the largest private companies in the USA • One of the World's leading fertilizer and industrial commodities trading companies in both in volume and revenue 3 Organizational Structure Trammo, Inc. (New York) Fertilizers & Chemicals Ammonia Gas Division Commodities Division Division Division (incl. SEA-3) Trading in fertilizers, raw Trading in Trading in Trading in & materials, energy related petrochemicals ammonia distribution of LPG products, soft commodities and dry bulk freight 4 Worldwide Offices Moscow Breda Oostvoorne London Poznan HungaryBudapest Meredosia Paris Odessa Newington Bucharest Almaty Beijing West Des Moines Darien Zurich Istanbul Adams Amman Seoul New York Nanjing Woodlands Shanghai Houston Cairo Karachi Tampa New Delhi Taiwan Dubai Dakar Bangkok Ho Chi Minh Singapore Jakarta Sao Paulo Johannesburg Santiago de Chile Buenos Aires Trans Sud Ltda., Chile 32 Offices 9 Agents 1 Joint Venture 5 Group Timeline $ 12.2 billion 1960 1970 1980 1990 2000 2005 in Sales 1965 1978 1985 1992 2000 2010 Founded as Worldwide LPG Purchases Sea-3, Inc.; Establishes Joint Sea-3 of Florida TA Bulk Carriers enters trader of Ammonia trading propane import and Venture with propane import and the commodity shipping marketing terminal in Sinochem for entry marketing terminal business New Hampshire, USA into the Chinese begins operation in fertilizer market Tampa, Florida, USA 2011 Commences Coal 2000 Trading activity 1967 1986 1992 Olefins merchandising Worldwide fertilizer U.S.
    [Show full text]
  • Redstone Commodity Update Q3
    Welcome to the Redstone Commodity Update 2020: Q3 Welcome to the Redstone Commodity Moves Update Q3 2020, another quarter in a year that has been strongly defined by the pandemic. Overall recruitment levels across the board are still down, although we have seen some pockets of hiring intent. There appears to be a general acknowledgement across all market segments that growth must still be encouraged and planned for, this has taken the form in some quite senior / structural moves. The types of hires witnessed tend to pre-empt more mid-junior levels hires within the same companies in following quarters, which leaves us predicting a stronger than expected finish to Q4 2020 and start to Q1 2021 than we had previously planned for coming out of Q2. The highest volume of moves tracked fell to the energy markets, notably, within power and gas and not within the traditional oil focused roles, overall, we are starting to see greater progress towards carbon neutrality targets. Banks such as ABN, BNP and SocGen have all reduced / pulled out providing commodity trade finance, we can expect competition for the acquiring of finance lines to heat up in the coming months until either new lenders step into the market or more traditional lenders swallow up much of the market. We must also be aware of the potential impact of the US elections on global trade as countries such as Great Britain and China (amongst others) await the outcome of the impending election. Many national trade strategies and corporate investment strategies will hinge on this result in a way that no previous election has.
    [Show full text]
  • AFPM 2014 Annual Report
    PROSPERITY FUELING AMERICAN FUEL & PETROCHEMICAL MANUFACTURERS 2014 ANNUAL REPORT AMERICAN ENERGY POLICY AT A CROSSROADS A MESSAGE FROM THE CHAIRMAN OF THE BOARD AND THE PRESIDENT OF AFPM Last year, the United States became the Today, American energy policy is at a For the refining and petrochemical world’s top producer of oil and natural gas, crossroads. The issues at stake and manufacturing industries, 2014 will prove a position that no one would have predicted the policy decisions to be made have to be a pivotal year. As a country, we face just five years ago. As a result, American never been more important. A surge crucial choices as we endeavor to maintain fuel and petrochemical manufacturers in regulations, coupled with a basic access to affordable, reliable and secure now have the opportunity and the ability to misunderstanding of the fossil fuel industry, energy sources. transform the nation’s economic outlook. hampers the ability to establish sound policies and regulations that will enable us Working on behalf of and in concert with Embracing the strong global demand to continue the progress we’ve made toward our members, AFPM will continue to: for high-quality, affordable refined renewed economic growth. petroleum and petrochemical products, • Advocate for a regulatory environment AFPM companies are putting economics Fossil fuels have been an essential part that is straightforward and effective. and infrastructure to work. Refiners are of our daily lives for so long that their true meeting America’s fuel needs, maintaining impact can easily be taken for granted. • Educate policymakers and the public a strategic inventory and becoming a key But make no mistake – they don’t just to ensure the benefits of fossil fuels are exporter.
    [Show full text]
  • Company Overview July 2017
    Waggaman, Louisiana USA Company Overview July 2017 ASX: IPL US ADR: INCZY Disclaimer This presentation has been prepared by Incitec Pivot Limited (“IPL”). The information contained in this presentation is for information purposes only. The information contained in this presentation is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. This presentation has been prepared without taking into account the investment objectives, financial situation or particular needs of any particular person. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of IPL, its directors, employees or agents, nor any other person accepts any liability, including, without limitation, any liability arising out of fault or negligence for any loss arising from the use of the information contained in this presentation. In particular, no representation or warranty, express or implied, is given as to the accuracy, completeness or correctness, likelihood of achievement or reasonableness of any forecasts, prospects or returns (“forward-looking statements”) contained in this presentation nor is any obligation assumed to update such information. Such forward-looking statements are based on information and assumptions known to date and are by their nature subject to significant uncertainties and contingencies. Actual results, performance or achievements could be significantly different from those expressed in, or implied by, this presentation. Forward-looking statements are not guarantees of future performance. Before making an investment decision, you should consider, with or without the assistance of a financial adviser, whether an investment is appropriate in light of your particular investment needs, objectives and financial circumstances.
    [Show full text]
  • Argus FMB Nitrogen Formerly FMB Weekly Nitrogen Report
    Argus FMB Nitrogen Formerly FMB Weekly Nitrogen Report Issue 13-06 | Thursday 7 February 2013 MARKET SUMMARY PRICE GUIDE Pause or plateau? FMB nitrogen fertilizer price guide Urea prices have risen nearly $50/t in two weeks to reach 7-Feb 31-Jan $445/t fob Yuzhny. The increase is based on sales for Prilled urea – fob bulk February shipment to nearby markets that are in peak Yuzhny 435-445 408-430 season, principally Turkey and Italy. Baltic 405-430 396-408 Croatia/Romania 455-465 440-450 Traders are selling long positions taken for February and Arabian Gulf 420-425 412-415 making good money on them. However, there is a growing China 420-422 410-415 reluctance to reposition for March, raising the question Brazil (cfr) 430-440 423-430 whether the market is pausing for breath after a rapid run Granular urea – fob bulk up or has reached a plateau. Arabian Gulf all netbacks 410-455 405-455 Arabian Gulf – US netback* 442-454 436-455 Certainly, buyers were deserting the paper market on Arabian Gulf – non US netbacks 410-455 405-450 Thursday and the only trading company buying physical Iran 400-405 395-400 tonnage in Yuzhny this week appeared to be Trammo. Egypt 495-510 495-510 Indonesia/Malaysia 415-444 413-444 Against this, trader positions are dwindling, Latin American Southeast Asia (cfr) 430-435 428-435 buyers are snapping up Baltic cargoes, Egyptian urea Venezuela/Trinidad 420-446 415-439 exports are likely to total less than 100,000t in February US Gulf (pst barge) 432-442 425-442 and Turkey and Italy need more urea.
    [Show full text]
  • Sulphur 2017 Delegate List
    Sulphur 2017 Delegate List company job title country Independent Consultant United States Abtrex Industries International Business Development Principal United States Abu Zaabal Fertilizers & Chemicals - The Polyserve Group Managing Director Egypt Acid Engineering & Consulting, Inc. President United States Adisseo France SAS Purchasing Director France AdvanSix, Inc. Mgr, Global Procurement United States AdvanSix, Inc. Process Safety Process Engineer United States AFEPASA Spain Aglobis AG President Chemtrade Aglobis Switzerland Aglobis AG Manager Procurement and Sales Switzerland Aglobis GmbH Germany Aglobis GmbH Vice President Marketing & Sales Germany AgriChem Marine Transportation LLC Managing Member United States AirBTU, inc. Principal Engineer United States AirBTU, inc. CEO United States Alberta Sulphur Research Ltd (ASRL) General Manager Canada Alberta Sulphur Research Ltd (ASRL) Project Manager Canada Ameropa Trader United States Ameropa AG Product Manager Switzerland AMETEK Fluoropolymer Products Regional Sales Manager United States AMETEK Process Instruments Sulphur Recovery Product Manager Canada AMETEK Process Instruments US Sulphur Recovery Applications United States Aramco Services Company Engineering Specialist United States Argus Media Editor United States Arkema France Strategic Raw Materials Purchaser France Aspen Technology Product Manager United States Aurubis AG Director Sulphuric Acid Germany Aurubis AG Director Germany Aurubis Bulgaria AD Director Bulgaria Axens Sulfur Recovery Technologist France ©CRU Publishing
    [Show full text]
  • Robin Zwiers Acknowledgements
    Erasmus University Rotterdam MSc in Maritime Economics and Logistics 2010/2011 Analysis of the Potential for a Commodity Trader in the Bioethanol Market By Robin Zwiers Acknowledgements Of the many people who have helped me during the process of writing this thesis, I am especially thankful to my supervisor, Lars Klausen who is Chartering Manager for Transammonia, for his help in providing me with important contact details and all the necessary data. Lars always stimulated me in finding new approaches and pushed me towards important solutions. I would also like to express my gratitude to Eelco van Asperen who is Deputy Director of MEL and who guided me and kept me on the right path. A very special recognition needs to be given to Henk van Dalfsen who is CEO of Transammonia, for all his time and efforts for providing me with everything that was required for writing this thesis. Without him, this thesis could not have been written. He not only provided me with the opportunity to combine the thesis process with an internship at Transammonia, but Henk also gave me the opportunity to visit the United States for essential background information that was used in this thesis. I would also like to acknowledge Rod and Fletcher Beeler, from the Transammonia Des Moines office, who gave me a warm welcome during my trip to Des Moines and who were both very helpful in providing me with all their local ethanol information, setting up various meetings and even arranged a visit to an ethanol plant in Iowa. In addition I want to thank all the employees from various offices of Transammonia for supporting and taking care of me during my thesis process.
    [Show full text]
  • Redstone Commodity Update Q3 2015
    The Redstone Commodity Update Welcome to the Redstone Commodity Update 2015: Q3 This quarter has certainly been an interesting one with increased volatility across commodities prices. Diminished Chinese consumption of raw materials married with depreciating foreign currencies has led to many commentators noting that the commodity bear market could be here for a while. However, there is still plenty of recruiting activity with most of our tracked hires taking place in EMEA. Well-financed companies with a long term outlook are certainly finding that they can cherry pick candidates for their business units. Noteworthy Energy Talent Moves With headlines dominated by the price of crude oil and diminishing upstream headcount, the principal focus has remained centred on the sales and trading of refined products. The clear winner in the hiring leagues for Q3 has been the traditional trading house outfit, accounting for over 1 in 4 tracked hires – with scoops for vertically-integrated oil companies having decreased considerably in comparison to 18-24 months ago. Managing Director of Commodities Sales & Structuring David Gallagher has left Goldman Sachs to join Mercuria Energy Group. He was hired as the new head of the Group’s London office and Head of Structuring. David Leavenworth, Attila Konkoly, and Cary Robinson, the former Energy team within Black River Asset Management, have joined Freepoint Commodities in Minneapolis. Leavenworth, leading the team, has been appointed to a Senior Vice President role for petroleum products trading while analysts Attila and Cary have been assigned to Vice President posts. Another hire by Freepoint Commodities was coal trader Adam Giannone in Houston, previously Executive Director with J.P.
    [Show full text]
  • Investor Presentation Fiscal 2019, First Quarter Safe Harbor
    Investor Presentation Fiscal 2019, First Quarter Safe Harbor. This presentation contains certain forward- looking statements concerning Matrix Service Company’s operations, economic performance and management’s best judgment as to what may occur in the future. The actual results for the current and future periods and other corporate developments will depend upon a number of economic, competitive and other influences, many of which are beyond the control of the Company, and any one of which, or a combination of which, could materially affect the results of the Company’s operations. Such forward- looking statements are subject to a number of risks and uncertainties as identified in the Company’s most recent Annual Report on Form 10-K and in subsequent filings made by the Company with the SEC. To the extent the Company utilizes non-GAAP measures, reconciliations will be provided in various press releases and on the Company’s website. Why MTRX is a sound long-term investment • Diversified, premier North American EPC contractor with focus on select KEY PERFORMANCE TARGETS international markets TRIR / Safety 0 2022 Revenue goal $2+ Billion • Clear vision and strategy backed by growing backlog, strong balance sheet and low capital intensity Net working capital < 6%* EBITDA ≥ 7%* • Organic growth strategy, leveraged to significant North American energy and industrial infrastructure ROIC > 12% needs, supplemented with strategic M&A Construction overhead recovery Full Recovery • Recently refreshed, diversified, and engaged SG&A < 5.5%* Board that is aligned with shareholder interests CAPEX < 1.5%* • Driven by culture of safety, people and Voluntary employee turnover (excluding Craft) < 5% communication, and execution excellence Average annual training hours per employee ≥ 40 • Tenured senior management team *As a percentage of consolidated revenue 1 Our vision To be the company of choice for engineering, constructing and maintaining the energy and industrial infrastructure that people rely on around the world.
    [Show full text]
  • Commodity Update
    The Redstone Commodity Update Welcome to the Redstone Commodity Update 2018: Q4 Fluctuations within oil have continued from a turbulent 2018 with prices falling as stocks held in the US in particular continue to rise. We are consistently seeing a back and forth as Opec cuts production causing a time limited price rise which is then offset by an increase in production from the likes of the US, China and North sea producers as the profit margins increase. Overall Oil was seen as the big loser with regards to pricing last year and this has been reflected in the recruitment levels and specific requirements within the market. Conversely grains, cocoa and precious metals are seen to be the winners of 2018. We have noticed that recruitment interest has been particularly strong within Asia with Singapore leading the way here. Precious metals also finished the year in a stronger position – notably raw materials have struggled with Chinese output falling leading to the government reducing banks reserve requirement levels by 1% in an effort to increase lending by Chinese banks to boost production. All eyes are set to be watching the China – US trade talks which will have significant implications for the global commodities markets. As mentioned in previous updates 2018 has been characterised by underlying fundamental strength within commodities markets being offset by geo-political tensions. Noteworthy Metals Talent Moves Metals has had a mixed year but despite this we have seen increased demand for both steel and base metal traders also backed by an increasing need for larger operations and contracts administration teams.
    [Show full text]