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Analyzing DAP Prices for the Week Ending April 14

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Phosphate fertilizers

The week ending April 14, 2017, was flat to negative for DAP (diammonium phosphate) and MAP (monoammonium phosphate) fertilizers. In this part, we’ll discuss DAP price movements.

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Weekly movement

Overall, DAP prices in the above location fell by an average of 106 basis points week-over-week. Prices in Central Florida fell as much as 3.1% to $339 per short ton (or $308 per metric ton) from $350 per short ton (or $318 per metric ton) to $339 per short ton (or $308 per metric ton).

Similarly, prices in the US Gulf NOLA (New Orleans) fell by as much as 32 basis points to $311 per short ton (or $282 per metric ton) to $312 per short ton (or $282 per metric ton). On the other hand, prices at Tampa Bay remained flat week-0ver-week at $370 per metric ton.

Morocco

Morocco, which has the largest reserve of phosphate rock, saw its DAP prices fall by as much as 79 basis points to $379 per metric ton from $382 per metric ton week-over-week.

Last week, phosphate rock prices remained unchanged week-over-week at $93 per metric ton in Morocco. In the next part, we’ll discuss MAP price movement in more detail.

Overall, prices at the above four locations rose by 83 basis points year-over-year. Phosphate prices are still in 2017—a negative for producers (SOIL) such as Mosaic (MOS), Israel Chemical (ICL), PotashCorp (POT), and Agrium (AGU).

Next, we’ll look at weekly MAP price movements.

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