RE:RE:RE:RE:RE:Magnesium Nitrogen plant idea is brutal, better to moth ball the office for better days ahead.
Urea is currently trading at $425/tonne Western Canadian retail, fall price will be $365/tonne. China can produce more urea at $200/tonne ish than we can ever dream of, a little port called NewOrleans moves a pile a of Nitrogen into Manitoba and Saskatchewan at very cheap prices. If Natural gas hits $6-7 bucks there will be 0 Nitrogen produced in Western Canada.
NH3 (Anhydrous Ammonia) - Agricultural business is declining rapidly with new safety standards, will not be in existence in next 5 years, many retails refuse to sell it. The ammonia will end up in the industrial market at 0 to minimal margin, due to containment issues.
N-project - has stalled, Farmers of North America have a site selected at Belle Plain, unable to come up with producer funding to build it.
Potash is the commodity for KRN, with corn at $4/bushel, Potash will trade at $400-$500/tonne, which it is.
Commodity prices are low, fertilizer manufacturers can only extract what the market will bear.