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Vietnam's state chemical group Vinachem plans to sell its entire stake in 15 subsidiaries, including all four of its DAP and urea production assets. Analysts expect strong phosphate and nitrogen demand in Vietnam to attract interest in the assets.
A corporate divestment does not directly change near-term fertilizer supply, so its effect on feed input prices is minimal; it mainly signals continued demand growth in Southeast Asia's rice-driven fertilizer market.
crugroup.comAuthor Wahome Muya Nitrogen PhosphatesFeb 6, 2018After 45 past macro events, DAP moved a median -0.1% over 5 sessions (31% higher; middle half -1.1% to +1.1%), and -0.6% over 20.
After 10 past neutral macro events, Urea moved a median -0.3% over 5 sessions (40% higher; middle half -0.7% to +2.5%), and -3.9% 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.
