Loading…
US phosphate market participants hold mixed views on spring grower demand after a weak fall season. DAP and MAP prices at Nola averaged well above year-earlier levels because import tariffs deterred offshore supply.
Imports for July through September fell 71pc year on year, and the outlook for fresh imports early next year is uncertain.
Uncertain spring demand combined with possible extra supply from unsold warehouse stocks could soften near-term phosphate prices. Buyers should watch whether tariff-limited imports return.
argusmedia.comTaylor ZavalaMar 25, 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.
