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AGF Nitrogen's CEO says the ammonia producer is considering plant shutdowns because of high natural gas costs and weak demand. The company is weighing this option amid the current cost and demand conditions.
Plant shutdowns would reduce nitrogen fertilizer output, which could support urea and ammonia prices, while weak demand points the other way; the net effect on fertilizer markets is uncertain.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.