Terra Nitrogen Co LP

Most Recent

  • uploads///Urea Prices
    Miscellaneous

    Did Capacity Shutdowns in China Impact Urea Prices?

    For the week ending October 28, the overall movement in urea prices was flat to positive. Granular urea prices rose 6.6% to $211 per metric ton in China.

    By Adam Jones
  • uploads///Wholesale Segment Gross Margin
    Earnings Report

    What Benefited Agrium’s Wholesale Gross Margins in 1Q16?

    Agrium’s Wholesale segment’s gross margins declined from 27% in 1Q15 to 24% in 1Q16. This was primarily driven by a decline in gross margins in the Nitrogen and Phosphates segments.

    By Adam Jones
  • uploads///Fertilizer Companies Stocks For Week Ended September
    Basic Materials

    How Did Fertilizer Stocks Perform in the Week Ended September 23?

    Last week was mostly negative for agricultural fertilizer (FXZ) stocks. However, the VanEck Vectors Agribusiness ETF (MOO) ended the week in positive territory.

    By Adam Jones
  • uploads///N Demand
    Basic Materials

    How Much Demand Will There Be for Nitrogen in the Near Term?

    According to CF Industries, nitrogen prices could remain under pressure as new capacities come online in 2017. However, the company believes that things should improve in 2018.

    By Adam Jones
  • uploads/// World Urea Production Cost
    Basic Materials

    Why industry capacity changes also affect urea prices and profits

    Generally, a capacity increase tends to lag demand growth, as producers like to see a stronger market before making significant investments.

    By Xun Yao Chen
  • uploads///CF Industries Next  Month Capital Expenditure Estimates
    Basic Materials

    Capital Expenditure Expectations for CF Industries in 2Q17

    CF Industries (CF) is expected to see a significant reduction in its capital expenditure (or capex) year-over-year (or YoY) in 2Q17 and for the next four quarters.

    By Adam Jones
  • uploads///Fertilizer Affordability
    Basic Materials

    How the Fertilizer Affordability Index Trended Last Week

    Last week, the Fertilizer Affordability Index was unchanged week-over-week at 0.7x.

    By Adam Jones
  • uploads///fruit _
    Basic Materials

    How Fertilizer Prices Moved in Week Ending February 16

    CVR Partners (UAN) emerged as the top gainer among fertilizer stocks with a 6.7% rise last week to close at $3.18 per share.

    By Adam Jones
  • uploads///IPIs Potash Realized Prices
    Company & Industry Overviews

    How Lower Fertilizer Prices Are Hurting Intrepid Potash

    Realized prices for fertilizer companies are the main culprit for the dismal performances among companies in the agricultural fertilizer sector.

    By Adam Jones
  • uploads///Pet Coke Price Index
    Macroeconomic Analysis

    Weekly Price Update: Coal Price Index Remained Unchanged

    According to the U.S. EIA, for the first time natural gas will be the largest fuel source for energy. Natural gas should pass coal in 2016, which may explain why coal prices are low.

    By Adam Jones
  • uploads///Urea Prices
    Miscellaneous

    Granular Urea Prices Rose for the Week Ending April 7

    Urea prices in the US Gulf NOLA rose 4.8% week-over-week to $197 per short ton. Prices in the Middle East rose 3.1% week-over-week to $200 per metric ton.

    By Adam Jones
  • uploads///Median Nitrogen Shipment Growth
    Basic Materials

    How Nitrogen Shipments of These Fertilizer Companies Trended

    In 4Q17, the overall nitrogen shipments of the five companies discussed below moved lower year-over-year.

    By Adam Jones
  • uploads///Fertilizer Stocks for the Week Ended March
    Miscellaneous

    Fertilizer Stocks and Commodity Prices in the Week Ended March 10

    The week ended March 10, 2017, was broadly negative for agricultural fertilizer stocks. Israel Chemicals (ICL) emerged as the top performer, falling ~3.7% to $4.43 per share.

    By Adam Jones
  • uploads///Weekly Ammonia Spot Price at Tampa
    Macroeconomic Analysis

    Why Ammonia Prices Will Benefit Phosphate Producers

    The average price of ammonia for the week ending March 11 stood at $310 per metric ton, remaining unchanged from the previous week.

    By Adam Jones
  • uploads///Fertilizer Affordability
    Basic Materials

    Fertilizer Affordability Update for the Week Ending January 26

    Last week, the fertilizer affordability showed some positive momentum week-over-week.

    By Adam Jones
  • uploads///Fertilizer Stocks for the Week Ended November
    Basic Materials

    How Did Fertilizer Stocks Perform Last Week?

    In the week ending November 3, agricultural fertilizer stocks were broadly positive.

    By Adam Jones
  • uploads///Henry Hub Natural Gas Spot Price
    Miscellaneous

    Analyzing Natural Gas Prices for the Week Ending April 7

    Last week, as reported by the EIA, natural gas prices at Henry Hub rose 1.3% week-over-week to $3.03 per MMBtu (million British thermal units).

    By Adam Jones
  • uploads///Agriums YTD Performance versus Benchmarks
    Earnings Report

    Analysts’ Estimates for Agrium in 3Q16

    Agrium (AGU) is set to announce its 3Q16 earnings on November 3, 2016, before the market opens. It will hold the earnings conference call the same day. Agrium’s performance is generally more stable than peers’.

    By Adam Jones
  • uploads///CF Industries versus Agri Business ETF
    Earnings Report

    CF Industries to Announce Its 4Q16 Earnings: What to Expect

    CF Industries (CF) is set to announce its 4Q16 earnings on February 15, 2017, with estimated earnings per share of -$0.05. In 4Q15, CF Industries reported EPS of $0.76.

    By Adam Jones
  • uploads///CF Industrues Analysts NTM Recommendation and Target
    Miscellaneous

    What Are CF Industries’ Price Targets and Recommendations?

    CF Industries (CF) closed at $27.3 per share on June 9, which was 13.4% lower than its levels at the beginning of this year.

    By Adam Jones
  • Energy & Utilities

    Why Agrium Inc. suspending capacity addition will affect other producers (Part 1)

    The importance of capacity utilization Capacity utilization measures how much of an industry’s or company’s available production output is being used. It’s based on dividing actual output by potential output. Because an industry or firm will often try to match production to demand, a rising capacity utilization rate means faster growth in demand relative to […]

    By Xun Yao Chen
  • Short term moves in natural gas has limited impact on fertilizer costs
    Basic Materials

    Short term moves in natural gas has limited impact on fertilizer costs

    Natural gas is a major input in the production of nitrogenous fertilizers, such as urea and ammonia. Therefore, when the natural gas price in the United States rises, it is a negative move for producers. Natural gas price rose on the week ending March 15th The Henry Hub Natural Gas Spot Price, a benchmark for […]

    By Xun Yao Chen
  • uploads///China NPK Export
    Macroeconomic Analysis

    How China’s Fertilizer Export Sector Is Changing

    China is the largest consumer of nitrogen fertilizers, but it produces most of it within its borders. Urea is Chinese farmers’ top choice.

    By Adam Jones
  • uploads///Nitrogen Gross Margins in Q
    Earnings Report

    CF’s Gross Margin Plunges in 3Q16: What about Other Players?

    In 3Q16, CF Industries’ (CF) consolidated nitrogen margins plunged almost 30 basis points from 18% in the corresponding quarter a year ago.

    By Adam Jones
  • uploads///Fertilizer Affordability
    Miscellaneous

    Fertilizer Affordability Fell for the Week Ending April 28

    For the week ending April 28, the Fertilizer Affordability Index fell slightly to 0.58x—compared to 0.59x the previous week.

    By Adam Jones
  • Why natural gas price affects nitrogenous fertilizer stocks (Part 1)
    Industrials

    Why natural gas price affects nitrogenous fertilizer stocks (Part 1)

    Natural gas and nitrogenous fertilizers Natural gas is a major raw material input in the production of nitrogenous fertilizers, such as urea and ammonia, ranging from 40% to 70% of cost of goods sold. A higher natural gas price increases the cost of goods sold and compresses margins. This in turn lowers earnings and free […]

    By Xun Yao Chen
  • uploads///Fertilizer Stocks for the Week Ended December
    Basic Materials

    Fertilizer Prices Update: Week Ended December 8

    CVR Partners (UAN) emerged as the top gainer last week, rising 17.4% week-over-week to close at $3.70. CF Industries (CF) followed, rising 4.4% to close at $39.30.

    By Adam Jones
  • uploads///Henry Hub Natural Gas Spot Price
    Miscellaneous

    Natural Gas Prices Fell for the Week Ending April 21

    Natural gas prices trended lower week-over-week for the week ending April 24. Summer months are usually less demanding for natural gas.

    By Adam Jones
  • uploads///Urea Prices
    Company & Industry Overviews

    How Urea Prices Continued to Fall despite Capacity Shutdowns

    Urea prices have fallen YTD (year-to-date) as of June 23, 2017. They’re now trading even lower than the levels they saw in the corresponding week in 2016.

    By Adam Jones
  • uploads///Fertilizer Affordability
    Basic Materials

    Are Rising Prices Affecting Fertilizer Affordability?

    Recently, the Fertilizer Affordability Index has seen an upward trend.

    By Adam Jones
  • uploads///Fertilizer Affordability
    Basic Materials

    Fertilizer Affordability Remains Stable amid Strengthening Prices

    Fertilizer affordability has seen some tightening in the last couple of months.

    By Adam Jones
  • uploads///Grain price and Urea
    Basic Materials

    2 key things that set the floor and ceiling for urea prices

    Without an understanding of factors that affect crop prices, it would be difficult to formulate a view on future crop prices and demand for nitrogenous fertilizers.

    By Xun Yao Chen
  • uploads///Wheat Prices
    Miscellaneous

    Why Wheat Prices Are Trading at a 5-Year Low

    In its January report, the USDA (United States Department of Agriculture) reported that the world’s ending stock for wheat rose to 253 million metric tons from 252 million metric tons in December.

    By Adam Jones
  • uploads///Fertilizer Players
    Company & Industry Overviews

    Who Are the Biggest Players in the Fertilizer Industry?

    There’s a handful of big players in the agricultural fertilizer industry. Setting up business requires huge capital, which makes for a high barrier to entry.

    By Adam Jones
  • uploads///Nitrogen Gross Margins in Q
    Basic Materials

    How Nitrogen Margins for Fertilizer Companies Trended in 4Q17

    In the recent quarters, fertilizer companies (MOO) have rationalized their output and costs to sustain the downward momentum in fertilizer prices that seemed to keep going down.

    By Adam Jones
  • uploads///CF Industries Next  Month Revenue Estimates
    Earnings Report

    Analysts Estimate CF Industries’s Revenues Could Fall in 4Q16

    With respect to CF Industries’s (CF) upcoming 4Q16 earnings, Wall Street analysts expect the company to report total sales of $908 million from all segments.

    By Adam Jones
  • uploads///Fertilizer Stocks for the Week Ended February
    Miscellaneous

    Last Week Proved Negative for Fertilizer Stocks

    The week ended February 17, 2017, was negative for agricultural fertilizer stocks. In this series, we’ll take a look at the performance of eight major publicly listed agricultural fertilizer companies.

    By Adam Jones
  • uploads/// Cost Curve
    Basic Materials

    China might cut its urea export tax in 2015, helping Agrium and CF

    Industry experts often show ex-China global urea capacity utilization because China’s export tax makes domestic producers’ urea more expensive for international buyers.

    By Xun Yao Chen
  • uploads///Ammonia Prices at Tampa
    Macroeconomic Analysis

    Why Ammonia Prices Are Falling

    The average price of ammonia for the week ending March 4, 2016, stood at $310 per metric ton compared to $311 per metric ton a week ago.

    By Adam Jones
  • uploads///Urea Prices
    Basic Materials

    Urea Prices Continued to Rise in the Week Ending October 13

    On average, granular urea prices were flat to positive week-over-week. In NOLA (New Orleans), granular urea prices rose as much as 3.5% week-over-week.

    By Adam Jones
  • uploads///Pet Coke Price Index Remains Stable
    Macroeconomic Analysis

    Weekly Price Update: How Did the Coal Price Index Move?

    For the week ending March 18, the pet coke index remained unchanged compared to a week ago.

    By Adam Jones
  • uploads///Ammonia Prices
    Miscellaneous

    How Prices of Ammonia Moved in the Week Ending April 22

    In the week ending April 22, 2016, ammonia prices in Tampa CFR (Cost and Freight) continued to move sideways for the 13th straight week.

    By Adam Jones
  • uploads///Wholesale Ammonia Prices and Brent Oil    e
    Basic Materials

    Why Chinese producers pressure global fertilizer prices

    The operating rate in China is below average Historically, the expense of using coal to produce nitrogen-based fertilizers has kept Chinese firms away from increasing production, because they would have had to sell the fertilizers at a loss. As a result, the operating rate (capacity utilization) in China has been lower than the rest of […]

    By Xun Yao Chen
  • uploads///Fertilizer Stocks for the Week Ended January
    Miscellaneous

    Fertilizer Stocks’ Peformance: Week Ending January 27

    The week ending January 27 was broadly positive for agricultural fertilizer stocks. The VanEck Vectors Agribusiness ETF (MOO) rose by 64 basis points.

    By Adam Jones
  • uploads///Henry Hub Natural Gas Spot Prices
    Basic Materials

    How Did Natural Gas Prices Move Last Week?

    In recent weeks, US natural gas prices have started trending higher, and they continued to do so last week. Prices significantly impact nitrogen fertilizer producers.

    By Adam Jones
  • uploads///Fertilizer Companies YTD Performance
    Earnings Report

    Earnings Preview: What to Expect from CF Industries’ 1Q16 Earnings

    CF Industries (CF) is expected to announce its 1Q16 earnings on May 4, 2016. CF Industries has lost 17% of its value since January 2016, with the stock trading at $33.70 as of April 27, 2016.

    By Adam Jones
  • uploads///Henry Hub Natural Gas Spot Price
    Miscellaneous

    Natural Gas Prices Were Subdued Last Week

    Based on data provided by the EIA last week, average weekly natural gas prices at Henry Hub rose by an average of 1.2% to $2.95 per MMBtu.

    By Adam Jones
  • uploads///Crop Index
    Basic Materials

    Is More Weakening Expected in Agricultural Fertilizers?

    Low crop prices raise concerns about the recovery in the fertilizer sector. Low crop prices mean a lower farm income. Farmers have to rethink operating expenses.

    By Adam Jones
  • uploads///Coal Prices versus Natural Gas
    Miscellaneous

    How Coal Prices Moved for the Week Ended April 15

    Coal prices, like natural gas prices, have hit a low point due to a low demand and excess supply imbalance. Recently, natural gas prices have ticked up while coal prices are mostly unchanged.

    By Adam Jones
  • Low US natural gas price should continue to benefit domestic fertilizer producers
    Basic Materials

    Low US natural gas price should continue to benefit domestic fertilizer producers

    Natural gas is a major input in the production of nitrogenous fertilizers, such as urea and ammonia. According to Terra Nitrogen Company L.P.…

    By Xun Yao Chen
  • Corn price hits record in 2012, favorable for fertilizers
    Basic Materials

    Corn price hits record in 2012, favorable for fertilizers

    Corn prices often drive fertilizer prices. Among the three major crops, corn, soybean and wheat, corn requires more nitrogen based fertilizers.

    By Xun Yao Chen
  • Brent crude oil moves nitrogenous fertilizer prices
    Basic Materials

    Brent crude oil moves nitrogenous fertilizer prices

    Brent crude oil price is a leading indicator for nitrogenous fertilizer revenues. When the price of Brent oil rises, it’s generally followed by a rise in ammonia prices.

    By Xun Yao Chen
  • uploads///Newcastle Thermal Coal Price    e
    Basic Materials

    Thermal coal prices hit $80.60, positive for fertilizer stocks

    So far, global economic growth is expected to pick up in 2014. This case would generally be positive for commodities like coal.

    By Xun Yao Chen
  • uploads///Wholesale Ammonia Prices and Brent Oil    e
    Basic Materials

    Essential fertilizer trends: The importance of Brent oil prices

    Why oil affects fertilizer price In a competitive industry like nitrogenous fertilizer, the marginal producer’s cost sets the floor for the industry. These producers are the most expensive manufacturers to supply the product at that point in time. When the marginal producer’s cost rises, so does the industry’s. On the the other hand, falling costs […]

    By Xun Yao Chen
  • uploads///Newcastle Thermal Coal Price    e
    Basic Materials

    Essential fertilizer trends: Thermal coal prices are stabilizing

    Why coal prices affect fertilizer producers While most of the world uses natural gas as an input, 80% of China’s plants use coal to produce nitrogen-based fertilizers like urea and ammonia. As one of the costlier producers of the fertilizer used to support plant growth, fluctuations in coal prices can have a significant impact on […]

    By Xun Yao Chen
  • uploads///Australian Dollar and Indonesian Rupiah    e
    Basic Materials

    Essential fertilizer trends: Currencies impact prices and stocks

    Why Australian and Indonesian currencies affect fertilizer price The currency movements of major coal-exporting countries can have a major influence on nitrogenous fertilizers. When the currency of an exporting country like Australia and Indonesia depreciates, it can have a negative impact on fertilizer prices. Conversely, when the currencies of the two exporters are rising, they […]

    By Xun Yao Chen
  • uploads///Production of Nitrogenous Fertilizers
    Basic Materials

    Key inputs and processes of nitrogenous fertilizer production

    The importance of costs Understanding how fertilizers are produced is an important part of investing. What companies buy and what they pay for will be their costs. When costs are rising, they can have a negative impact on earnings and cash flow if the industry can’t pass them on to buyers. Conversely, when costs are falling, […]

    By Xun Yao Chen
  • uploads///Thermal Coal Price    e
    Basic Materials

    Coal prices bounce, positive for nitrogenous fertilizer companies

    Coal prices’ significance to the fertilizer industry While most of the world uses natural gas as an input, 80% of China’s plants use coal to produce nitrogen-based fertilizers like urea and ammonia. As one of the costlier producers of the fertilizer used to support plant growth, fluctuations in coal prices can have a significant impact […]

    By Xun Yao Chen
  • uploads///Wholesale Ammonia Prices and Brent Oil    e
    Basic Materials

    The relationship between ammonia and Brent oil hasn’t returned

    In a competitive industry like the nitrogenous fertilizer industry, the marginal producer’s cost sets the industry floor.

    By Xun Yao Chen
  • Urea falls to 1,701 renminbi in China but utilization crashes
    Basic Materials

    Urea falls to 1,701 renminbi in China but utilization crashes

    The impact of China’s urea prices China’s urea prices can have a significant impact on global fertilizer prices. Although the production cost of urea is on the higher end, as urea production uses a large source of nitrogen extracted using coal instead of natural gas, coal prices can have a significant impact on the cost […]

    By Xun Yao Chen
  • Why Chinese producers are driving nitrogenous fertilizer prices down (Part 3)
    Basic Materials

    Why Chinese producers are driving nitrogenous fertilizer prices down (Part 3)

    Continued from Part 2 Increased supply will drive exports to a record Given the increased supply, Chinese firms have already begun exporting some of their urea, a type of nitrogenous fertilizer. While exports have historically remained close to zero during the busy season, export activity has remained above 200,000 metric tonnes a month this year. […]

    By Xun Yao Chen
  • Why Chinese producers are driving nitrogenous fertilizer prices down (Part 2)
    Industrials

    Why Chinese producers are driving nitrogenous fertilizer prices down (Part 2)

    Continued from Part 1 Operating rate rises as China becomes more competitive Historically, the expense of using coal to produce nitrogen-based fertilizers has kept Chinese firms away from increasing production, because they would have had to sell the fertilizers at a loss. As a result, operating rate (capacity utilization) in China has been lower than […]

    By Xun Yao Chen
  • Why Chinese producers are driving nitrogenous fertilizer prices down (Part 1)
    Basic Materials

    Why Chinese producers are driving nitrogenous fertilizer prices down (Part 1)

    How China affects the global fertilizer market China, the world’s largest producer of nitrogen (a chemical used to make nitrogenous fertilizers for growing plants) occupies roughly 40% of global production capacity. Although much of its output is sold to domestic farmers—as an export tax of as much as 75% during the on-season restricts domestic firms […]

    By Xun Yao Chen
  • uploads///Newcastle Thermal Coal Price    e
    Basic Materials

    Glencore Xstrata’s coal comment will benefit CF, POT, AGU, and TNH

    Coal is one of the main inputs used in China to make nitrogenous fertilizer. Fluctuations in coal prices can have a significant impact on global prices.

    By Xun Yao Chen
  • uploads///China Average Urea Price    e
    Basic Materials

    Urea prices in China rebounded to 1,751 renminbi but remain low

    According to the China National Chemical Information Center, the average selling price of urea stood at 1,751.48 renminbi per metric tonne on November 22.

    By Xun Yao Chen
  • uploads///US Retail Urea Price    e
    Industrials

    Retail urea falls sharply, maintaining a negative outlook

    Retail urea price in decline Let’s start with U.S. retail urea price. On September 13, U.S. urea retail price stood at $509 per metric tonne, according to DTN Energy. Just last week, prices were at $513 per mt (metric tonne), and at the end of August, they were $543 per mt. Persistently high corn prices […]

    By Xun Yao Chen
  • uploads///Wholesale Urea Prices    e
    Industrials

    Why falling fertilizer prices will cut into producer revenues

    Prices for wholesale urea slumping hard Prices for urea sold wholesale have performed worse than retail prices so far. According to Green Markets’ data, prices started to fall towards the end of March, when wholesale urea exchanged at ~$450 per mt (metric tonne). As of September 16, the last exchanged price was $309 per mt, representing a […]

    By Xun Yao Chen
  • uploads///Henry Hub Natural Gas Spot Price
    Basic Materials

    Natural Gas Prices for Fertilizer: Week Ended December 8

    According to the EIA (U.S Energy Information Administration), natural gas prices were broadly mixed from November 29 to December 6, 2017.

    By Adam Jones
  • uploads///Urea Price and Anthracite
    Basic Materials

    Why coal prices affect global urea fertilizer producers like CF

    This series covers key trends that are currently affecting coal and natural gas prices and, consequently, nitrogen fertilizer producers as well.

    By Xun Yao Chen
  • uploads///North America Nitrogen Import
    Basic Materials

    Must-know: Why US fertilizer companies offer a key advantage

    The United States is one of the largest producers of agricultural products in the world, but it’s not a key producer of nitrogen fertilizers.

    By Xun Yao Chen
  • uploads///Nitrogen production process
    Basic Materials

    An investor’s guide to nitrogen fertilizers: Key 2014 drivers

    Nitrogen is an important nutrient for crop development and growth. It’s also the most important input that allows farmers to feed billions of people in the world.

    By Xun Yao Chen
  • uploads///TNH Company Price
    Basic Materials

    Why TNH stock dropped another 10%: Could this be an opportunity?

    After collapsing about 20% in November, Terra Nitrogen Company LP (TNH)—a nitrogenous fertilizer producer—continued to slide.

    By Xun Yao Chen
  • uploads///Average Realized Prices For Urea Ammonia and UAN
    Basic Materials

    Comparing Producers’ Nitrogen Fertilizer Realized Prices in 4Q17

    For years, nitrogen prices have been trending lower, but in 4Q17, ammonia, urea, and UAN (urea ammonium nitrate) realized prices finally improved.

    By Adam Jones
  • uploads///agriculture _
    Basic Materials

    4Q Earnings Analysis: How These 8 Fertilizer Companies Stacked Up

    With the 4Q17 earnings season behind us, it’s time to take a closer look at how fertilizer companies (MOO) performed in the recent quarter.

    By Adam Jones
  • uploads///Urea Prices
    Basic Materials

    Urea Prices Rose Last Week

    Urea prices for the standard grade in the NOLA (New Orleans) region of the US and in Egypt saw the steepest weekly change last week.

    By Adam Jones
  • uploads///Urea Prices
    Basic Materials

    Urea Price Update for the Week Ending February 16

    Last week, urea price movements were broadly positive with prices in the Middle East experiencing strong gains week-over-week.

    By Adam Jones
  • uploads///Gross Margin Per Product Ton
    Basic Materials

    How CF Industries’ Per-Ton Margins Performed in 4Q17

    CF’s Ammonia segment’s gross margin per ton expanded from $1.00 per metric ton to $36.00 per metric ton.

    By Adam Jones
  • uploads///CFs Shipments by Segments
    Basic Materials

    How CF Industries’ Shipments Grew in 4Q17

    During 4Q17, CF Industries’ Ammonia segment grew 58.0% year-over-year to 1.2 million metric tons.

    By Adam Jones
  • uploads///Henry Hub Natural Gas Spot Price
    Basic Materials

    How Natural Gas Prices Trended Last Week

    In the week ending January 19, natural gas prices at Henry Hub remained elevated with the prices peaking at $5.46 per MMBtu (million British thermal units) on January 16, 2018.

    By Adam Jones
  • uploads///Urea Prices
    Basic Materials

    Urea Prices Fell Last Week

    Nitrogen fertilizer prices remained volatile on the back of the volatility in the input prices of natural gas.

    By Adam Jones
  • uploads///Fertilizer Stocks for the Week Ended January
    Basic Materials

    How Fertilizer Prices Moved Last Week

    In the week ending January 19, the VanEck Vectors Agribusiness ETF (MOO) rose 1%, and the broader market S&P 500 (SPY) also ended in positive territory with a gain of 1.2%.

    By Adam Jones
  • uploads///Henry Hub Natural Gas Spot Price
    Basic Materials

    Natural Gas Prices for the Week Ending January 12

    Natural gas is one of the critical input materials needed for nitrogen and some phosphate-based fertilizers.

    By Adam Jones
  • uploads///Urea Prices
    Basic Materials

    Urea Prices Were Positive Last Week, Remain a Concern

    Urea is sold in the granular and prilled variety. In the week ending January 12, granular urea prices were broadly flat to positive week-over-week.

    By Adam Jones
  • uploads///Henry Hub Natural Gas Spot Price
    Basic Materials

    Why Natural Gas Rose Sharply Last Week

    Natural gas is one of the key input components for gas-based nitrogen fertilizer producers (MOO)(MXI) such as CF Industries (CF), Terra Nitrogen (TNH), CVR Partners (UAN), and Nutrien (NTR).

    By Adam Jones
  • uploads///Urea Prices
    Basic Materials

    Urea Prices Saw Good Start to 2018

    In the week ending January 5, the prices for granular as well as prilled urea were broadly higher week-over-week.

    By Adam Jones
  • uploads///Shipment Volume Contribution by Segments
    Basic Materials

    Assessing the Shift in CF Industries’ Product Mix

    In the earlier part of this series, we discussed how shipments impacted CF Industries’ (CF) sales. From our analysis, it’s clear that a rise in selling prices remains the most important growth catalyst for the company.

    By Adam Jones
  • uploads///Nitrogen Supply
    Basic Materials

    What 2018 May Hold for Nitrogen Prices

    Nitrogen in 2018 Nitrogen prices remained weak for most of 2017, falling as much as 27% YoY (year-over-year). Ammonia, a fundamental nitrogen input, is further upgraded to nitrogen fertilizers such as urea and urea ammonium nitrate. Ammonia supply As shown in the above chart, ammonia capacity saw a net addition of five million metric tons, or […]

    By Adam Jones
  • uploads///Henry Hub Natural Gas Spot Price
    Basic Materials

    Nitrogen Fertilizer Input Cost: Natural Gas Prices Fell Last Week

    For the week of December 6–13, 2017, natural gas spot prices at Henry Hub were broadly lower, according to the EIA.

    By Adam Jones
  • uploads///Henry Hub Natural Gas Spot Price
    Basic Materials

    What’s the Natural Gas Price Forecast?

    Henry Hub (MOO) natural gas prices saw a negative week-over-week trend, a continuation of the trend from the previous week.

    By Adam Jones
  • uploads///Henry Hub Natural Gas Spot Price
    Basic Materials

    How Natural Gas Prices at Henry Hub Moved Last Week

    Last week, the average weekly natural gas prices were broadly lower week-over-week at the Henry Hub in the US (MOO).

    By Adam Jones
  • uploads///Henry Hub Natural Gas Spot Price
    Basic Materials

    Natural Gas Prices Impacted Nitrogen Fertilizers Last Week

    The average weekly natural gas prices at Henry Hub for the week ending November 17 moved higher week-over-week.

    By Adam Jones
  • uploads///Urea Prices
    Basic Materials

    Urea Price Update for the Week Ending November 17

    Last week, urea prices at the Yuzhny location fell as much as 4.1% week-over-week to $256 per metric ton from $267 per metric ton a week ago.

    By Adam Jones
  • uploads///CFs Sales and Growth
    Basic Materials

    Why CF Industries’ Sales Grew 28% in 3Q17

    In 3Q17, CF Industries (CF) sales saw growth across each of its five segments year-over-year. Overall, the company’s sales grew 28% year-over-year to $870 million from $680 million in 3Q16.

    By Adam Jones
  • uploads///CF Industries Analysts NTM Recommendation and Target
    Basic Materials

    Analysts’ Views on CF Industries in October 2017

    CF Industries (CF) has managed to deliver a strong performance over the last month, rising 12.5% as of October 16, 2017.

    By Adam Jones
  • uploads///Henry Hub Natural Gas Spot Price
    Basic Materials

    Nitrogen Input: Natural Gas Prices Fell Last Week

    The natural gas prices at Henry Hub in the US fell 4.1% week-over-week from a weekly average of $2.96 per MMBtu to a weekly average of $2.84 per MMBtu.

    By Adam Jones
  • uploads///Henry Hub Natural Gas Spot Price
    Basic Materials

    Nitrogen Input: How Natural Gas Prices Moved Last Week

    So far this year, Henry Hub natural gas prices have hovered around $3 per MMBtu (million British thermal units).

    By Adam Jones
  • uploads///Henry Hub Natural Gas Spot Price
    Basic Materials

    Natural Gas Prices Rose for the Week Ending September 29

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    By Adam Jones
  • uploads///Gains
    Energy & Utilities

    Top MLP Gainers in Week Ended September 8

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    By Kurt Gallon
  • uploads///Loss
    Energy & Utilities

    Top MLPs Losers Last Week, Ended September 1

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  • uploads///Average Realized Prices For Urea Ammonia and UAN
    Basic Materials

    Behind the Outlook for Nitrogen: When Will Prices Rise?

    The higher supply of nitrogen fertilizer was the key reason that producers experienced lower selling prices YoY.

    By Adam Jones
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