Investors In China Are Feverously Dumping Foreign Held Investments, Fertilizer Prices Soar, Shipping

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Spot prices for nitrogen fertilizer on the US Gulf Coast skyrocketed to a near-decade high on a report the world's largest nitrogen manufacturing plant declared force majeure.
CF Industries Holdings Inc. in Donaldsonville, Louisiana, closed its massive complex ahead of Ida. The complex has 19 plants, including six ammonia and five urea facilities, producing nitrogen-based products for agricultural and industrial markets.
The last half-decade was full of Chinese firms acquiring overseas businesses, but the flow appears to be reversing as buyers turn into sellers amid lofty valuations and the need to divert monies into more profitable areas.
"These days, Chinese companies are proactively looking at their asset portfolios, rather than simply buying," Bagrin Angelov, head of China cross-border mergers and acquisitions at China International Capital Corp., told Bloomberg in an interview. "When there is a good offer, they are open to at least evaluate it."
Data compiled by Bloomberg shows Chinese companies have already divested $10.5 billion worth of overseas assets. The current trajectory suggests a record-setting year, surpassing last year's $15 billion.