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Coronavirus lockdown in Hubei province has halted transport and may limit phosphate movement. MAP 11-52 rose to $310/t cfr Brazil from $278/t at end-December, though still well below a year earlier.
Hubei is a major phosphate and NPK production hub, so logistics halts could tighten global supply and support Brazilian phosphate prices, though high Brazilian inventories cap gains.
argusmedia.com31 gen 2020Dopo 11 eventi malattie rialzista passati, DAP si è mosso in mediana di +0,9% in 5 sedute (64% in rialzo; metà centrale da 0,0% a +3,3%), e di +2,9% in 20.
Ancora troppi pochi eventi passati comparabili per una lettura storica.
Variazioni del benchmark di ciascuna materia prima rispetto all'ultima chiusura prima dell'evento. Le letture storiche raggruppano eventi passati dello stesso tipo; descrivono ciò che è accaduto, non ciò che accadrà. Non è consulenza di investimento.
Hubei lockdown halting transport and limiting phosphate movement lifted MAP cfr Brazil from $278/t to $310/t, a direct phosphate supply-disruption price signal consistent with DAP's jump.
Hubei lockdown halting transport may limit Chinese phosphate movement, and MAP prices into Brazil are already rising, which supports DAP via supply and trade-flow tightness.
Hubei lockdown halting phosphate transport lifted MAP cfr Brazil from $278 to $310/t, directly showing phosphate price strength in the same period.
