Acron Group’s Consolidated Output (Operating Results for Acron, Dorogobuzh and Hongri Acron)
| Product, ‘000 t | Q1 2011 | Q1 2010 | YOY |
| Ammonia | 462.4 | 438.7 | 5% |
| Incl. own use | 409.8 | 366.4 | |
| Nitrogen fertilisers | 635.9 | 571.1 | 11% |
| Incl. own use | 95.9 | 80.4 | |
| Ammonium nitrate | 397.5 | 332.0 | 20% |
| Incl. own use | 31.5 | 16.3 | |
| Urea | 111.7 | 109.5 | 2% |
| Incl. own use | 64.4 | 64.1 | |
| Urea-ammonium nitrate (UAN) | 126.7 | 129.6 | -2% |
| Complex fertilisers | 688.4 | 591.1 | 17% |
| Incl. own use | 14.4 | 5.5 | |
| NPK | 605.7 | 560.5 | 8% |
| Incl. own use | 14.4 | 5.5 | |
| Bulk blends | 82.7 | 30.6 | 170% |
| Organic compounds | 94.6 | 90.9 | 4% |
| Incl. own use | 49.6 | 45.8 | |
| Methanol | 18.7 | 20.0 | -7% |
| Incl. own use | 18.0 |
16.8 | |
| Formalin | 34.3 | 32.0 | 7% |
| Incl. own use | 31.4 | 28.9 | |
| Urea-formaldehyde resins (UFR) | 41.6 | 38.9 | 7% |
| Non-organic compounds | 170.8 | 151.5 | 13%> |
| Low-density and technical-grade ammonium nitrate | 48.3 | 45.1 | 7% |
| Calcium carbonate | 68.2 | 55.6 | 23% |
| Liquid carbon dioxide | 10.2 | 8.1 | 26% |
| Argon | 1.8 | 1.7 | 6% |
| Hydrochloric acid | 42.3 | 41.0 | 3%< |
| TOTAL COMMERCIAL OUTPUT (output less own consumption) | 1,482.4 | 1,345.2 |
10%
|
Comments:
In Q1 2011, the Group’s total commercial output was up 10% year-on-year to 1,482,000 tonnes. Strong demand for mineral fertilisers and higher prices allowed the Group to fully utilise its key production capacity.
Nitrogen Fertilisers and Ammonia
In the reporting period, the Group’s ammonia output increased 5% and nitrogen fertiliser output was up 11% year-on-year. Due to strong seasonal demand for ammonium nitrate, Acron boosted its production 54% and Dorogobuzh increased its output 6%. Global ammonium nitrate prices in Q1 2011 were up an average of 21% to $301 per tonne (FOB Baltic Sea).
Complex Fertilisers
Complex fertiliser output was up 17%. Acron increased NPK production 7% to 292,000 tonnes, Dorogobuzh raised its NPK output 5% to 160,000 tonnes and Hongri Acron’s NPK production was up 14% to 153,000 tonnes. In addition to NPK output, Dorogobuzh and Hongri Acron more than doubled production of dry bulk blends. In Q1 2011, average global prices for NPK 16-16-16 were up 15% year-on-year to $400 per tonne (FOB FSU).
Organic and Non-organic Compounds
In Q1 2011, the Group posted higher output of industrial products. In the reporting period, Acron increased its output of organic compounds 4% due to higher formalin and UFR production. Higher output of calcium carbonate, low-density and technical-grade ammonium nitrate and liquid carbon dioxide resulted in a 13% increase in output of non-organic compounds.