
The US Commerce Department opened countervailing duty investigations on July 17 into phosphate fertilizer imports from Morocco and Russia after a petition by Mosaic. Morocco's OCP Group warned it could halt phosphate sales to the US if anti-subsidy penalties are imposed, and Morocco and Russia were the top DAP and MAP exporters to the US in early 2020.
If duties are imposed on Moroccan and Russian DAP and MAP, US import supply tightens and domestic phosphate prices likely rise, while global phosphate supply could be redirected and prices elsewhere could ease.
Todavía no hay suficientes eventos comparables pasados para una lectura histórica.
Todavía no hay suficientes eventos comparables pasados para una lectura histórica.
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.
The US countervailing duty investigation and OCP's threat to exit the US market raise the risk of lost DAP/MAP supply from the top exporters, supporting higher prices.