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Indian fertilizer companies are waiting before buying after China banned urea exports, with the government negotiating supply deals on their behalf. Stocks in the pipeline are said to cover urea demand until mid-December, and DAP and potash until December.
Some companies fear the Chinese ban could push up DAP and muriate of potash prices, as happened during the 2021 ban.
Because India is heavily import-dependent, its delay in buying limits near-term urea demand, but a Chinese export ban could still lift DAP and potash prices if supply tightens further.
thehindubusinessline.comPrabhudatta Mishra8 sept 2023Tras 176 eventos alcista de comercio pasados, Urea se movió una mediana de +0,1 % en 5 sesiones (51% al alza; mitad central entre -1,3 % y +2,4 %), y +1,6 % en 20.
Tras 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.
