Rentech Nitrogen has secured strong product pricing in its spring forward sales book. The Company believes it properly gauged the market and sold a significant portion of its spring book during the September/October window last year when pricing for spring deliveries was at a premium. The Company sold limited additional tonnage in late December through February when product prices were softer. The premium pricing Rentech Nitrogen captured is reflected in the average pre-sold product prices for spring delivery, of $741 per ton for ammonia and $386 per ton for UAN, which are well above prices offered during last December through February. Product prices have strengthened recently, and the Company anticipates further nitrogen price appreciation as the spring season develops. Rentech Nitrogen sees factors such as record forecasted planted acres and high corn prices as positive indicators to support its view.Expansion Projects
Rentech Nitrogen Announces Results For Three Months Ended December 31, 2011
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.