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The US International Trade Administration published an amended preliminary countervailing duty determination on phosphate fertilizers from Morocco, applicable December 29, 2020. The notice updates the preliminary duty rates and cash deposit requirements for Moroccan imports.
Updated cash deposit requirements raise the landed cost of Moroccan phosphate into the US, supporting domestic DAP prices and limiting import competition.
federalregister.govDec 29, 2020After 193 past bullish trade events, DAP moved a median +0.4% over 5 sessions (54% higher; middle half -0.3% to +1.8%), and +1.9% 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.
