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IOC, AdvanSix announce AS price increases

February 16, 2017Ammonium Sulfate, Breaking Industry NewsDan Cole

Interoceanic Corp. (IOC) has announced a price increase for PCI’s premium grade ammonium sulfate. After close of business on Feb 20, 2017, prices will be adjusted to $260/st FOB Minneapolis, Minn., and Midwest river terminals; $265/st FOB inland Midwest terminals; and $255/st FOB Northern inland terminals. IOC said to call for railcar pricing.

AdvanSix also announced an ammonium sulfate price increase. Effective Feb. 14, the company’s granular postings in the Midwest firmed to $265-$275/st FOB, depending on location, and $275/st rail-DEL in Illinois, Wisconsin, Iowa, and Minnesota. AdvanSix’s mid-grade ammonium sulfate postings firmed on Feb. 14 to $230/st FOB Byron, Ill., and Roseport, Minn.; $240/st FOB Danville, Ill.; and $240/st rail-DEL in Illinois, Wisconsin, Iowa, and Minnesota.

CVR in loss column; sees ’17 improvement

February 16, 2017Breaking Industry NewsSteve Seay

CVR Partners LP today announced a fourth quarter 2016 net loss of $14.5 million ($0.13 per common unit), on net sales of $84.9 million, compared to net income of $18.7 million ($0.26 per unit) on net sales of $66.0 million for the fourth quarter a year ago.

For full year 2016, CVR Partners had a net loss of $26.9 million ($0.26 per unit), on net sales of $356.3 million, compared to net income of $62.0 million ($0.85 per unit), on net sales of $289.2 million for full year 2015.

CVR Partners’ results for the three and 12 months ended Dec. 31, 2016, include the results of the East Dubuque fertilizer facility beginning April 1, 2016.

“We are pleased with the operating performance of our plants during the 2016 fourth quarter,” said Mark Pytosh, CEO. “Both facilities continued to post high on-stream rates, with the East Dubuque ammonia and UAN units operating at nearly 100 percent. While fourth quarter ammonia shipments from our East Dubuque plant were impacted by unfavorable fertilizer application conditions, we anticipate the tonnage that was not applied in the fall will be applied during the spring planting season. Since December, we have seen a significant improvement in nitrogen fertilizer pricing for deliveries during the first half of 2017, which has been driven by the delay of additional supply coming online from new and expanded U.S. production facilities, lower levels of imports into the U.S., and the expectation of a strong spring corn planting season in the U.S.”

Court delays emptying of NH3 tank

February 16, 2017Ammonia, Breaking Industry NewsSteve Seay

A Haifa District Court judge has delayed the emptying of Haifa Chemicals’ ammonia storage facility. The judge granted the company a temporary injunction on an appeal by the company against a lower court decision issued Feb. 12 that gave Haifa Chemicals 10 days to empty the facility. The order is to remain in effect until Haifa Chemicals presents its case to the district court. A hearing has been scheduled for Feb. 26.

County approves Mosaic expansion

February 16, 2017Breaking Industry NewsSteve Seay

Manatee County Commissioners voted 5-2 Feb. 15 to approve The Mosaic Co.’s request to rezone some 3,600 acres in the county for phosphate mining. Opponents, citing the recent New Wales sinkhole, have turned out in force at the meeting and two earlier hearings. Opponents are vowing to continue legal action.

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