BultiesBrothers schreef op 19 augustus 2021 10:41:
Rating CF:
www.fitchratings.com/research/corpora...Improved Nitrogen Fertilizer Demand: Fitch recently raised its short-term nitrogen fertilizer price assumptions as a result of strong demand in the spring application season coupled with reduced supply on merchant outages and high feed-stock prices. Increased price assumptions for urea were driven by robust agricultural and recovering industrial demand in China, while production remains flat, leading to lower exports.
Fitch's nitrogen fertilizer price assumptions (published June 16, 2021) and natural gas price assumptions (published June 16, 2021) are as follows:
--Ammonia - FOB Black Sea $/tonne: 360 in 2021; 300 in 2022; and 260 in 2023 and thereafter.
--Urea - FOB Black Sea $/tonne: 330 in 2021; 280 in 2022; and 250 in 2023 and thereafter.
--Natural Gas Henry Hub $/mcf: 2.90 in 2021; 2.45 in 2022 and thereafter.
--Natural Gas TTF/NBP ($/mcf): 6.00 in 2021; 5.00 in 2022 and thereafter.