While activity across the global urea market was muted for the most part this week, the US has been the exception. With freezing temperatures currently being experienced in the country’s Midwest and gas prices sky-rocketing, nitrogen producers have scaled back production. Producers have been able to sell gas back into the market at a notable…
The impact of extreme cold weather in the USA and heavy ice in the Baltic has contributed to the hottest market for ammonia since mid-2018. Severe outages in the USA this week caused by forced or opportunistic diversion of gas to residential use and affecting as much as 7m. tonnes/year of capacity, has added fuel…
CF Industries this week announced net earnings of $87m during Q4 2020, up from $55m in Q4 2019, while it’s EBITDA was at $334m, an increase from $306m. The firm’s full year 2020 earnings declined to $317m, while EBITDA also fell to $1,316m, compared to 2019 net earnings of $493m and EBITDA of $1,620m. Net sales…