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A World Fertilizer analysis says the global phosphate market has shifted toward supply-driven competition over the last three years. North American DAP exports have fallen below 2 million tonnes as China, Saudi Arabia and Morocco gained share, with China's export tariffs distorting trade.
Structural loss of North American export capacity and Chinese export control keep phosphate supply tight and support DAP price levels.
worldfertilizer.comDavid RowlandsMar 9, 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.
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.
