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Nutrien shipped the last railcar of monoammonium phosphate from its Redwater, Alberta plant after 50 years of production. The site is being converted to produce ammonium sulfate, with capacity expected to double to 700,000 tonnes per year.
Nutrien will consolidate phosphate output at its Aurora and White Springs plants and stop buying imported phosphate rock.
Removing MAP capacity and cutting imported rock purchases reduces Canadian phosphate supply and demand for rock imports, a modest bearish signal for rock and a mild bullish one for MAP.
nutrien.comMay 8, 2019Not enough comparable past events yet for a historical read.
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.
