Loading…
The USITC said phosphate fertilizers from Morocco and Russia may have harmed the domestic industry and will continue its investigation into the alleged unfair subsidized trade. The commission's preliminary finding keeps the countervailing duty case moving toward a Commerce Department determination.
Possible duties on Moroccan and Russian phosphate would reduce import supply to US buyers and could lift DAP and TSP prices.
mlex.comDocuments Statement Related Sections TradeAug 7, 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.
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.
