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Itafos reported 2Q19 results for the quarter ended 30 June 2019. Revenues rose year on year on higher MAP and SPA volumes and contributions from Itafos Arraias, while adjusted EBITDA fell on higher input costs and constrained output from a repurpose plan.
The company also secured a multi-year agreement with OCP Group to supply phosphate rock to Itafos Arraias.
Company-level earnings give little new information on the phosphate supply-demand balance, though the cited difficult global market conditions and higher input costs point to tight margins for phosphate producers.
worldfertilizer.comJohn WilliamsAug 20, 2019After 38 past neutral report events, DAP moved a median +0.5% over 5 sessions (61% higher; middle half -0.5% to +1.6%), and +3.9% 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.
