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Incitec Pivot said fertiliser prices may stay depressed into 2017 after urea and DAP hit 10- and 12-year lows this year. The company pointed to improved Australian rainfall supporting demand, and reported signs of Chinese phosphate producers cutting output.
Chinese output cuts and better Australian demand could lift urea and DAP prices from cyclical lows, though the company expects weak prices to persist short term. Lower fertiliser costs remain supportive for farm margins in the near term.
vinachem.com.vnNov 11, 2016Not enough comparable past events yet for a historical read.
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.
