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Nutrien is shutting its Redwater phosphate plant in Alberta in 2019, which is Canada's only phosphate producer. The plant's main phosphate and one sulphuric acid plant will close, and the company will consolidate phosphate output at its US facilities while doubling ammonium sulphate production.
Removing Canada's only domestic phosphate supply tightens local DAP and phosphate availability and may push Canadian buyers toward imports. The shift of capacity to US plants keeps global supply broadly intact.
fortsaskatchewanrecord.comJeff LabineApr 26, 2018After 31 past bullish logistics events, DAP moved a median +0.5% over 5 sessions (58% higher; middle half -0.4% to +0.9%), and +1.6% over 20.
Not 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.
