The company states: “Average selling prices for the first quarter of 2024 were lower than in the first quarter of 2023 as lower global energy costs reduced the global market clearing price required to meet global demand. Sales volumes in the first quarter of 2024 were similar to the first quarter of 2023 as higher ammonia sales volumes due primarily to the addition of contractual commitments served from the recently acquired Waggaman ammonia production facility were offset primarily by lower urea sales volumes due to the reduced availability of ammonia for upgrade and the impact of severe weather that caused urea plant outages.”
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