LSB Industries Inc. reported a 64 percent increase in
fourth-quarter Ag segment sales volumes to 233,942 st from the year-ago 142,488
st. UAN volumes were up 105 percent. However, prices were off from year-ago
levels.
“Our substantial year-over-year increase in production
volume more than offset the continued pricing headwinds on fertilizer sales and
the pandemic-related impact on industrial and mining demand that we experienced
during the quarter, said Mark Behrman, LSB President and CEO. “Despite the challenges we
faced across our end markets, we still generated a 44 percent year-over-year
increase in adjusted EBITDA for the period.”
Nutrien Ltd. has confirmed a purchase of 25,000
mt of ammonia from Fertiglobe out of Algeria which will be loaded in late March
or early April to be delivered to the U.S. The company says the purchase
reflects a delivered cost of $470/mt, which is up from the last done of
$400/mt. In the meantime, the industry awaits March business for Tampa, which
was concluded at $330/mt DEL for February.
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