Petrόleo Brasileiro SA (Petrobras), Rio de Janeiro, has once again decided to push back the closure of its Sergipe and Bahia nitrogen plants in Brazil, according to company filings cited by Bloomberg. This time they are set to operate until Jan. 31, 2019. Earlier this year, Petrobras had said it would idle the plants at the end of June, and then later Oct. 31, 2018.
The company said it continues to assess the future of the plants and additional time is necessary to make a decision. It said the minimum levels of profitability are being maintained. Leasing the plants to third-parties is reportedly an option.
The Tampa anhydrous ammonia price for November has rolled over from the October number–$355/mt CFR. Sources said this reflects the relatively flat pricing at other international price points.
Intrepid Potash Inc., Denver, today reported third-quarter net income of $3.4 million, ($0.03 per share), a $5.3 million increase compared to the year-ago net loss of $1.9 million ($0.02 per share). Total sales of $36.5 million, were up $2.5 million, over the year-ago figure
“Higher realized prices for both potash and Trio®, increased by-product sales, and another quarter of solid demand for water added meaningfully to the bottom line in the third quarter,” said Bob Jornayvaz, Intrepid’s executive chairman, president and CEO.
Disclaimer of Warranty
All information has been obtained by Green Markets from sources believed to be reliable. However, because of the possibility of human or mechanical error by our sources, Green Markets or others, Green Markets does not guarantee the accuracy, adequacy, or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information.
For additional details visit our
Terms of Use.
