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The Green Markets North America Fertilizer Price Index fell 1.2% in the week, with NOLA urea down $7/ST and NOLA DAP down $1, while Cornbelt potash rose $5/ST. India called an urea tender earlier than expected, and Uralkali announced plans to expand potash capacity to 15 million tons by 2025.
An Indian urea tender supports global nitrogen prices and may open Chinese export flows, while expanded potash capacity is a longer-term bearish factor for potash costs.
linkedin.comDaniel Houder7 oct 2019Tras 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.
Todavía no hay suficientes eventos comparables pasados para una lectura histórica.
Tras 36 eventos neutral de comercio pasados, DAP se movió una mediana de +0,7 % en 5 sesiones (64% al alza; mitad central entre -0,0 % y +2,1 %), y +0,4 % 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.
Published 2019-10-07, just before the move, it reports a weekly fertilizer price index decline and NOLA DAP down $1, pointing to softening fertilizer sentiment that plausibly contributed to the DAP drop.
Published 2019-10-07, before the move, it reports a weekly fertilizer index decline of 1.2% and NOLA DAP down $1, which points to soft DAP sentiment and plausibly contributed to the drop, though the DAP cut itself was small.
