AEV 0.00% 0.4¢ avenira limited

dap rises $10

  1. 3,048 Posts.
    DAP has risen for the second week in a row to $308.75. This bodes well for the underlying Rock Phosphate prices.


    DAP has sat around the $280 mark for the last 2 months but is now picking up steam as the Chinese are walking back into the market and buying up surplus DAP. There is little slack in the system at the moment, if buyers keep it up there will be a push on to $350 before the North Hemisphere planting next year.

 
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