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Chinese fertiliser producers have reportedly said they will temporarily suspend exports to secure domestic supply, though Rabobank says no formal ban exists. Rabobank says DAP prices have risen up to 75% and that about 50 to 65% of Australia's MAP imports come from China.
Reduced Chinese export availability tightens global phosphate supply and keeps DAP and MAP prices high for importers such as Australia.
abc.net.auMatt BrannAug 7, 2021After 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.
After 129 past bullish policy events, Urea moved a median -0.1% over 5 sessions (47% higher; middle half -1.3% to +2.3%), and +1.4% 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.
