Thanks Saracen for posting this. It lines up with other reports which have also been posted lately regarding RP, DAP & phos acid ongoing price increases.
Backontrack, world bank commod prices are always one to two mths behind the market reality. Market reports such as Fert Week, Profercy etc are more timely indicators of current pricing & price directions.
It's also worth keeping in mind that RP pricing typically lags DAP price movements by around 2-3 mths. So with DAP moving from low to mid $600's, RP should in due course move north of $200. The timing is about perfect for us to further encourage NMDC to sign on the dotted line & partner with us on rolling out Wonarah.
Cheers
Thanks Saracen for posting this. It lines up with other reports...
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