Keeping an eye on Incitec Pivot's recent price sensitive...

Keeping an eye on Incitec Pivot's recent price sensitive announcement on the impact of dry weather on and the Queensland rail outage East Coast sales

https://hotcopper.com.au/threads/ann-first-half-update-fy2019.4694851/?post_id=37958533#.XKP5HcKP4lI

Extract...

"As a result of the dry weather across pasture, summer and winter cropping regions in Eastern

Australia, distribution sales in the first half of FY19 are currently down approximately 200,000
tonnes versus the prior corresponding period (pcp), and it seems unlikely at this stage that
there will be any substantial recovery of those lost volumes in the second half. The impact of
these lower volumes on first half FY19 EBIT is expected to be approximately A$20M​

compared to the pcp."

Whilst the rail line was a one off event IMO the  drought problem is likely to extend and this may have an impact on gas requirements for Phosphate hill (PWC GSA) and Gibson Island (CTP GSA) particularly after 2019.

Regards

OGP