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Newly imposed US import tariffs of at least 10pc on non-North American phosphate are deterring vessels from Nola and lifting MAP prices. The Nola MAP price averaged a $5.75/st premium to DAP for April so far, after trading at a discount in March.
Market participants expect the MAP premium to widen as fall application season approaches.
Tariffs cut import supply into the US and restore a MAP premium, which tightens the phosphate market and raises costs for growers. Price strength may persist through fall application season.
argusmedia.comTaylor Zavala25 mar 2024Tras 193 eventos alcista de comercio pasados, DAP se movió una mediana de +0,4 % en 5 sesiones (54% al alza; mitad central entre -0,3 % y +1,8 %), y +1,9 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
