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DAP prices edged up in North America and Europe in late September as feedstock ammonia, phosphoric acid and natural gas costs rose. An earthquake in Morocco damaged a major phosphoric acid producer, tightening regional supply and pressuring exports to India, Germany and Turkey.
Morocco's phosphoric acid outage tightens global DAP supply while strong South Asian demand persists, supporting phosphate fertilizer prices.
chemanalyst.comPatrick KnightOct 12, 2023After 11 past bullish disease events, DAP moved a median +0.9% over 5 sessions (64% higher; middle half 0.0% to +3.3%), and +2.9% 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.
