AEV 0.00% 1.1¢ avenira limited

disturbing lag of rp to dap

  1. 1,517 Posts.
    The Last time RP was at about the same level as now
    was DEC 07 when it was 135 and DAP whats disturbing is
    DAP was at 594 usd/t.
    To get an idea of where RP is heading assuming constant
    DAP due to the lag effect I checked what the RP price
    was last time DAP was similiar ro price now.This was in
    Feb 07 when DAP was 345/t.The scary answer is RP was
    only 46/t then !!
    Also on top of that forecasts for DAP are not good with
    DAP futures at 278/t in July 09 (Refer fert. report)

    If your not concerned about this historical analysis
    you should be.The risk/reward simply doeant stack up.
 
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