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EuroChem reported record FY2020 EBITDA of US$1.8 billion and sales of US$6.2 billion on 25.6 million tonnes of volume. Potash sales doubled year-on-year to 2 million tonnes, and net leverage fell to 2.53x.
The results reflect higher fertilizer output and potash growth at a major producer, but they describe past performance rather than a new supply shock, so the direct price effect is limited.
eurochemgroup.comFeb 9, 2021After 150 past report events, Urea moved a median +0.0% over 5 sessions (50% higher; middle half -2.3% to +2.7%), and +1.6% over 20.
Not enough comparable past events yet for a historical read.
After 156 past report events, DAP moved a median 0.0% over 5 sessions (45% higher; middle half -0.6% to +0.9%), and +0.9% 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.
