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Phosphate prices rose as Mosaic, a US producer, pushed for import duties on phosphate from Morocco and Russia, arguing unfair competition. Concerns are growing that offshore prices will fall while importers look for alternative supplies to cover potential gaps.
The prospect of duties is already tightening available phosphate supply and encouraging importers to bid for non-targeted origins. This supports higher DAP prices in the US and globally.
mining-journal.comPaul HarrisAug 10, 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.
