Fertilizer Index shows DAP FOB Tampa up $2 this week to $321. Holding steady is a good thing and still shows demand at this price. This is looking better for the underlying Rock Phosphate price by the end of the year. Once DAP reaches $350 (hopefully by Christmas) you will be fairly confident of RP prices reaching $150 FOB and a profitable Wonarah mine.
Not bad considering the Indian Monsoon.
dap creeps up to $321
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1.1¢ |
Change
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