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Egypt's NCIC issued a tender to sell 50,000 tons of fertilizers by end-August, closing July 26, with DAP at $610-620 per ton FOB. Saudi producer Ma'aden sold 30,000 tons of DAP to Pakistan at $615 per ton, and ICL agreed to supply 840,000 tons of potash to China at $273 per ton for 2024.
Firm DAP offers near $615 per ton and a fixed China potash contract point to elevated phosphate and potash costs for fertilizer buyers heading into the northern season.
kelewell.deAntonia ZJul 24, 2024After 193 past bullish trade events, DAP moved a median +0.4% over 5 sessions (54% higher; middle half -0.3% to +1.8%), and +1.9% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
