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OCP, the top phosphates exporter, is negotiating quarterly phosphoric acid prices with EU buyers and faces pressure to cut prices. The pressure follows its agreement to a discount for India.
A discount granted to India and pressure from EU buyers signal weaker phosphate pricing for the current quarter. That points to softer phosphate input costs in import markets.
zmp.deJul 14, 2017Not enough comparable past events yet for a historical read.
After 273 past trade events, DAP moved a median +0.3% over 5 sessions (53% higher; middle half -0.4% to +1.5%), and +1.3% 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.
