PhosAgro reported first-quarter 2021 fertiliser production up 2.2% year-on-year to 2.7 million tonnes, with sales up 2.6% year-on-year and about 40% quarter-on-quarter. Growth was driven by seasonal demand and carry-over sales.
Strong seasonal fertiliser sales from a major Russian producer point to firm near-term phosphate and NPK demand, though supply growth is modest.
After 38 past neutral report events, DAP moved a median +0.5% over 5 sessions (61% higher; middle half -0.5% to +1.6%), and +3.9% 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.