Loading…
PhosAgro reported record 2019 fertilizer production of 9.52 million tonnes, up 6.1% year on year. Fourth-quarter phosphate and nitrogen sales rose strongly year on year, with phosphate sales up 16.6%.
Higher phosphate output and sales from a major Russian producer add supply to DAP and MAP markets, which is mildly bearish for phosphate prices.
newsnreleases.comNNRJan 29, 2020After 35 past bearish report events, DAP moved a median 0.0% over 5 sessions (37% higher; middle half -0.7% to +1.5%), and +0.6% 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.
