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Non-Tech : UAN - The variable distribution MLP that could go a long way
UAN 77.05-0.6%3:32 PM EST

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To: Elroy who wrote (270)10/13/2021 6:04:58 PM
From: Area51  Read Replies (1) of 320
 
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Have you heard any announcements by any fertilizer maker that they are going to build a new nitrogen fertilizer plant?>>

Looks like this company in Russia may be expanding. kuazot.ru
As part of the joint venture with Maire Tecnimont Group, the implementation of one of the most ambitious projects of the Company continues - the construction of a urea unit with a capacity of 1,500 tons / day. The project envisages the use of advanced technologies that ensure environmentally friendly and safe production, as well as the resource consumption at the level of the best world analogues. The total investment is estimated at 11 billion rubles. Project completion is scheduled for 2021-2022.


Granted Russia exports are more likely to go to Europe and the cost advantage may not be large when you add in the transport costs to middle America?. With corn at $5.2x and UREA at $710 demand destruction may also be something to worry about. I wouldn't count on fertilizer staying high ad-infinitum unless corn also stays high. I suspect there will still be future down cycles in the price of fertilizer. But not until after 2023 I hope <g>.
https://twitter.com/JLinvilleFert/status/1447938979236618246
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