Both Nutrien and Mosaic have announced fill programs for potash at $365/st FOB river terminals and $370/st FOB inland warehouses in the Midwest. Nutrien is also reportedly referencing a $375/st rail-DEL fill level, while Mosaic is quoting a NOLA barge reference of $335/st FOB for fill.
Mosaic’s program covers shipments through September with the order period expected to close at the end of the week, followed by higher postings for Q4 availability. Industry sources report that Nutrien is accepting fill orders through Friday, May 7, for tons shipped July through September. Sources said Nutrien has scheduled a $30/st increase when the order book closes.
Eastern Canada sources also confirmed fill offers from both producers at C$520/mt FOB warehouses for orders placed by close-of-business on May 7. After the order book closes, sources said the price will firm to C$560/mt FOB.
Growmark Inc., Bloomington, Ill., and Castlen Enterprises announced today significant progress on a project that will bring a new large-scale warehouse distribution center in Owensboro, Ky. The new facility is currently under construction and scheduled to be operational in Fall 2021.
Nutrien Ltd., Saskatoon, reports that its
Borger, Texas, nitrogen facility (ammonia and urea) began a 65-day turnaround
starting May 3. However, the company said it will continue to ship inventory
per its supply/demand plan. The Redwater, Alberta, facility is expecting a
68-day turnaround starting July 23, which will include the large ammonia plant
and urea.
ICL Group, Tel Aviv, today posted a 125 percent rise in first-quarter net income attributable to shareholders, to $135 million, up from $60 million a year ago. Earnings per diluted share were $0.11, up from $0.05 per share.
Sales for the first quarter were up 14 percent to $1.51 billion, from the year-ago $1.32 billion. EBITDA increased 18 percent to $295 million.
Looking to the full-year, ICL said the probability of the company achieving the high-end of its previous guidance range has risen “considerably”, and it now expects FY2021 adjusted EBITDA of $1.09 billion to $1.18 billion, compared with the previous guidance of $1.02 billion to $1.12 billion.
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.
