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OCI N.V. reported first-half 2017 adjusted EBITDA of US$316 million and adjusted net income of US$47 million, with record own-produced volumes up 10.4%. The company cited an unplanned shutdown at Sorfert, with business interruption expected to be covered by insurance.
Its CEO said urea and ammonia prices had dropped to unsustainably low multi-year levels during the half.
Fertilizer producer results and volume data show nitrogen supply staying ample while prices remain weak, which keeps input costs for feed grain growers under pressure. The direct effect on feed commodity prices is small.
worldfertilizer.comAnna NicklinSep 6, 2017After 42 past bearish report events, UREA moved a median +0.3% over 5 sessions (57% higher; middle half -1.9% to +3.3%), and +2.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
