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US DAP spot prices (Gulf) averaged about $643 per ton in September 2021, up 6.7% month on month and roughly 180% year on year. Moroccan rock phosphate rose 7.76% to $147.5 per ton, while Black Sea urea dipped 6.29% to $418.75 per ton.
Henry Hub natural gas averaged $5.94 per MMBtu, up 37% from August.
Monthly price benchmarks confirm sharply higher phosphate and nitrogen input costs, with natural gas strength feeding through to nitrogen production costs and reinforcing the cost pressure on feed grain producers.
fertiliserindia.comFertiliserIndia.comOct 5, 2021After 66 past bullish report events, DAP moved a median 0.0% over 5 sessions (41% higher; middle half -0.6% to +0.7%), and +0.3% over 20.
Not enough comparable past events yet for a historical read.
After 42 past bearish report events, Urea moved a median +0.3% over 5 sessions (57% higher; middle half -1.9% to +3.3%), and +2.9% over 20.
After 74 past bullish report events, Natural Gas moved a median +1.3% over 5 sessions (55% higher; middle half -4.0% to +11.3%), and +2.1% over 20.
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.
