Canpotex Ltd. said July 4 that it is fully committed on potash sales until October 2018. The Saskatchewan export organization cited strong demand and solid agricultural fundamentals in its offshore markets. The announcement was made as major buyers China and India continue to assess their annual contracts, with suppliers pushing for significantly higher prices.
LSB Industries Inc., Oklahoma City, said July 5 that the ammonia plant at its El Dorado, Ark., chemical facility resumed production on June 30, 2018. As previously announced, El Dorado was taken out of service after a power outage resulted in tube failures in the ammonia plant’s boiler on June 4, 2018.
In addition, while El Dorado’s ammonia plant was out of service, the company elected to pull forward work previously planned for the September 2018 turnaround, which shortens the planned turnaround in the third quarter to five days, from the previously revised twelve days, resulting in additional third quarter production and reduced turnaround expense.
