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1. |
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A statement that global nitrogen fertilizer demand has shown a compound
annual growth rate of 2.1% over the last ten years and is expected to grow 1.0% per year
through 2020. |
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2. |
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The assumption that 33 MMbtu of natural gas is representative for a U.S. Gulf natural
gas based plant to produce a ton of ammonia. |
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3. |
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The assumption that $27 is representative of the operating cost to produce a ton of
ammonia for a U.S. Gulf Coast natural gas based plant. |
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4. |
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The assumption that $18 per ton is a representative cash cost to convert ammonia to UAN
at a plant in the U.S. Gulf Coast. |
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5. |
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The use of our nitrogen price report in connection with your preparation of price
projections regarding the average plant gate price estimate for urea ammonium nitrate and
ammonia. |
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6. |
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A statement that U.S. potash and phosphate fertilizer volumes for 2009 both fell by
43%, from 2008 levels, whereas nitrogen fertilizer volumes fell by 12% during such period. |
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7. |
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A statement that CVR Partners, LPs UAN production in 2009 (677,700 tons) represented
approximately 6.4% of the total U.S. UAN demand and CVR Partners, LPs net ammonia for sale
(156,636 tons) represented less than 1.0% of the total U.S. ammonia demand. |
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8. |
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A statement that Southern Plains spot ammonia and corn belt spot UAN prices averaged
$436/ton and $274/ton, respectively, for the 2006 through September, 2010 period,
which represents an average 25% and 21% premium, respectively, over U.S. Gulf prices. |
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9. |
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The premium per ton for Southern Plains ammonia and Cornbelt UAN to U.S. Gulf Coast
prices from January 2006 to November 2010, shown in the table below. |