Memuat…
China announced it will resume export of 7 million tonnes of DAP and MAP from March 15 under a quota. Separately, US urea prices rose by about USD 27/tonne on tight supply, and Brazilian and Egyptian urea offers also firmed.
The Chinese export quota adds sizeable phosphate supply, which should pressure DAP prices, while tight US urea supply and firm offers from other origins support nitrogen prices.
czapp.comStein Chingen Haugan4 Mar 2024Setelah 50 peristiwa kebijakan bearish sebelumnya, DAP bergerak median +0,9% selama 5 sesi (62% lebih tinggi; separuh tengah -0,1% sampai +1,6%), dan +0,9% selama 20 sesi.
Setelah 129 peristiwa kebijakan bullish sebelumnya, Urea bergerak median -0,1% selama 5 sesi (47% lebih tinggi; separuh tengah -1,3% sampai +2,3%), dan +1,4% 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.
China's announcement on 2024-03-04 of a 7 Mt DAP/MAP export quota resuming March 15 is a major supply and trade-flow signal that could trigger sharp repricing, though easing supply would normally be bearish, so the direction of the +6.55% move is not clearly explained and may reflect a rush to cover ahead of or amid the clarity.
