Nitrogen producer LSB Industries Inc., Oklahoma City, reported a third-quarter net loss of $30.8 million on revenue of $75.5 million versus the year-ago loss of $26.1 million and $79.8 million, respectively. While losses grew and revenue was down, the company said adjusted EBITDA was up at $11.1 million from $10.6 million as a result of lower natural gas prices, higher production and lower overall costs.
Belarusian Potash Company (BPC) announced Oct. 26 it had reached an agreement on a new supply contract with Indian Potash Ltd. (IPL), making it the second supplier after Uralkali Trading to announce a contact settlement with the Indian buyer for 2019/20.
BPC said the result of negotiations was “the settlement of a contract implying the supply of potash fertilizers to the Indian market at $280/mt cfr with 180 days’ credit”. This is in line with the price Uralkali was reported to have agreed with IPL. The Belarus supplier did not comment on the delivery period or delivery volumes.
