Loading…
China is rolling out export quotas for phosphates for the second half of 2022, with about 3 million tonnes reportedly issued to producers. The quotas are set well below year-ago export levels.
Sharply lower Chinese phosphate exports tighten global phosphate supply while prices are already near record highs, supporting DAP and phosphate rock prices.
reuters.comEmily Chow, Dominique PattonJul 15, 2022After 151 past bullish policy events, DAP moved a median +0.0% over 5 sessions (50% higher; middle half -0.6% to +0.9%), 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.
