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Indian fertilizer importer GSFC awarded a tender to trading firm Aries for 125,000 t of DAP at roughly $430-432/t CFR, above the 115,000 t initially sought. A further 50,000 t purchase from a trader is reported but unconfirmed.
Large Indian import purchases at mid-$430s support global DAP prices and tighten near-term phosphate supply for other buyers.
drybulkmagazine.comStephanie RokerJul 10, 2018After 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.
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.
