Report
Seth Goldstein
EUR 100.00 For Business Accounts Only

Raising Our Long-Term Nitrogen Price Forecast to $240 Per Ton on Reshaped Cost Curve

We've taken a fresh look at both our near-term and long-term nitrogen price forecasts. We are increasing our near-term urea price forecast by $10 per ton to $240 from $230. Increased anthracite coal prices in China, which have resulted in lower production and lower exports to the U.S., are driving our near-term price forecast. We think this dynamic will continue to support nitrogen prices through the remainder of 2018 and into 2019.
Separately, we've also reviewed our long-term price forecast an...
Underlying
CF Industries Holdings Inc.

CF Industries Holdings is a global fertilizer and chemical company. The company's principal nitrogen fertilizer products are anhydrous ammonia, granular urea, urea ammonium nitrate solution and ammonium nitrate. The company's other nitrogen products include diesel exhaust fluid, urea liquor, nitric acid and aqua ammonia, which are sold primarily to its industrial customers, and compound fertilizer products, which are solid granular fertilizer products for which the nutrient content is a combination of nitrogen, phosphorus, and potassium. The company serves its customers in North America through its production, storage, transportation and distribution network.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Seth Goldstein

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