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DAP prices were mixed in the week ended December 8, 2017. India rose 1.3% to $392 per metric ton, NOLA rose 1.1% to $324, and China gained 75 basis points to $403.
Morocco was the only location to decline, falling to $398.
Weekly moves were small and uneven across regions, so there is no clear new driver for phosphate prices. Buyers should expect DAP to trade sideways absent a fresh supply or demand shock.
marketrealist.comAdam JonesDec 11, 2017Not 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.
