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A weekly phosphate report shows MAP prices rising 3.06% on strong pending orders and low port inventories, while DAP prices eased 0.71% on weak domestic demand. Operating rates are around 51 to 53 percent.
Divergent MAP and DAP trends point to tight MAP supply versus soft DAP demand. DAP is likely to stay stable, with MAP firmer as restocking continues.
fdd-global.comFeidoodooJun 3, 2024Not 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.
