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NOLA DAP phosphate prices fell from the upper $700s to about $750 per short ton in late May 2022. Spring demand was weaker than expected due to weather, leaving higher inventory carryover into summer, and Russian exports are finding buyers again.
Heavier carryover inventory and returning Russian supply pressure phosphate producers and suppliers, pointing to continued weakness in North American DAP prices.
stonex.comJosh LinvilleMay 31, 2022stonex.comJosh LinvilleMay 31, 2022Not 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.
NOLA DAP prices fell in late May as weak spring demand, higher inventory carryover and Russian exports returning to buyers pushed prices lower, which directly explains the DAP decline.
NOLA DAP prices fell in late May as weak spring demand, higher inventory carryover and Russian exports finding buyers again eased supply tightness, directly explaining the drop.
