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China Customs data show that in September 2019 China exported 2.55 million tons of fertilizers, including 550,000 tons of urea and 700,000 tons of DAP. Year-to-date exports were 20.69 million tons, up 22%, with urea exports up 188%.
Surging Chinese urea and fertilizer exports increase global supply and keep downward pressure on international fertilizer prices.
fcchemicals.comSeptember China's fertilizer import, export detailsNov 3, 2019After 81 past bearish trade events, Urea moved a median -1.0% over 5 sessions (28% higher; middle half -7.2% to +0.4%), and -5.5% over 20.
After 40 past bearish trade events, DAP moved a median -0.1% over 5 sessions (38% higher; middle half -3.7% to +0.5%), and -2.4% 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.
