Rentech Nitrogen +3.5% on encouraging East Dubuque update

|About: Rentech Nitrogen Partners, ... (RNF)|By:, SA News Editor

Rentech Nitrogen Partners (RNF +3.5%) confirmed late yesterday its estimate that it will take $1M-$2M to repair its ammonia synthesis loop that was recently damaged in a fire at its East Dubuque production facility.

RNF expects the "overwhelming majority" of the impact on deliveries of lost production due to the fire to occur in 2013, with minimal impact on previously forecast deliveries for 2014.

RNF continues to anticipate ammonia production at the increased rate of ~1,020 tons/day by the end of Jan. 2014.