
Newly imposed US import tariffs of at least 10pc on non-North American phosphate are deterring vessels from Nola and lifting MAP prices. The Nola MAP price averaged a $5.75/st premium to DAP for April so far, after trading at a discount in March.
Market participants expect the MAP premium to widen as fall application season approaches.
Tariffs cut import supply into the US and restore a MAP premium, which tightens the phosphate market and raises costs for growers. Price strength may persist through fall application season.
Setelah 193 peristiwa perdagangan bullish sebelumnya, DAP bergerak median +0,4% selama 5 sesi (54% lebih tinggi; separuh tengah -0,3% sampai +1,8%), dan +1,9% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.