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India's 2016 urea imports fell 27% to 4.9 million tonnes, and DAP imports fell 29% to 4.2 million tonnes. Potash imports rose 8% to 2.9 million tonnes after India delayed its contract settlement while waiting for prices to bottom.
Lower Indian nitrogen and phosphate demand weighs on exporter prices, while the rise in potash imports supports potash pricing.
marketrealist.comAdam JonesJul 7, 2017After 81 past bearish trade events, Urea moved a median -1.0% over 5 sessions (28% higher; middle half -7.2% to +0.4%), and -5.5% over 20.
After 40 past bearish trade events, DAP moved a median -0.1% over 5 sessions (38% higher; middle half -3.7% to +0.5%), and -2.4% 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.
