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CF Industries shuts Oklahoma nitrogen complex for repairs

  • CF Industries (CF) says it has shut down its entire nitrogen complex at Woodward, Okla., due to a problem in one of the boilers.
  • CF says it will take 6-8 weeks to return the plant to normal operations; during that time, the plant will carry out maintenance that had been scheduled for June.
  • Woodward has average annual production capacity for 480K tons of gross ammonia, 820K tons of UAN, and 25K tons of urea liquor.
Comments (3)
  • Michael Bryant
    , contributor
    Comments (5760) | Send Message
     
    Bad news for (TNH)? As for (CF), this would be a great buying point when the stock falls on this temporary event.
    21 Apr 2014, 08:44 PM Reply Like
  • Chris Damas
    , contributor
    Comments (1359) | Send Message
     
    Why would it be bad for TNH? CF will have to cover Woodward's spring UAN shipments once any inventory is depleted and the closest plant is TNH Verdegris. Look for a rally in TNH tomorrow. No impact on CF because the rest of the operation gets a tightened UAN market and could firm up prices. At 820,000 tons, eight weeks outage at Verdegris at maximum capacity about 136,000 tons. But restarts don't always go to plan.
    21 Apr 2014, 10:49 PM Reply Like
  • jrun@prodigy.net
    , contributor
    Comments (9) | Send Message
     
    cf good short for quick trade
    22 Apr 2014, 08:19 AM Reply Like
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