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CRU analysis notes Chinese producers supply nearly 30% of global DAP/MAP/TSP exports and hold 29% of world DAP capacity and 36% of urea capacity. Tougher Chinese environmental regulations are causing supply disruptions and higher production costs.
Environmental curbs on Chinese output tighten global phosphate and urea supply, supporting fertilizer prices and raising costs for feed-grain producers.
crugroup.comAuthor Alexander Derricott Nitrogen PhosphatesMay 2, 2018
prnewswire.comCRUMay 4, 2018After 129 past bullish policy events, Urea moved a median -0.1% over 5 sessions (47% higher; middle half -1.3% to +2.3%), and +1.4% over 20.
Not enough comparable past events yet for a historical read.
After 151 past bullish policy events, DAP moved a median +0.0% over 5 sessions (50% higher; middle half -0.6% to +0.9%), 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.
