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PotashCorp forecasts Chinese phosphate exports will fall for a second straight year to 7.0 to 8.0 million tonnes in 2017, and urea exports to 5.0 to 7.5 million tonnes. It estimates only 52% of Chinese urea capacity is still producing, down from 62% last year, as rising coal costs and environmental rules curb output.
Prices of both nutrients continued to improve.
Lower Chinese phosphate and urea exports tighten global supply, supporting DAP and urea prices. Rising coal costs and environmental curbs in China add to the upward cost pressure.
vinachem.com.vnFeb 16, 2017vinachem.com.vnFeb 16, 2017After 129 past bullish policy events, Urea moved a median -0.1% over 5 sessions (47% higher; middle half -1.3% to +2.3%), and +1.4% over 20.
Not enough comparable past events yet for a historical read.
After 151 past bullish policy events, DAP moved a median +0.0% over 5 sessions (50% higher; middle half -0.6% to +0.9%), and +1.9% 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.
