Last week, DAP (diammonium phosphate) prices in all three locations in the US rose week-over-week, while the other four locations outside the US saw sideways movement in DAP prices during the same period.
In the Tampa location, DAP prices rose 1.2% week-over-week to $408 per metric ton from $403 per metric ton. In the NOLA (New Orleans) region, prices rose 1.4% week-over-week to $340 per metric ton from $336 per metric ton. In the Central Florida location, prices rose 0.52% to $349 per metric ton from $347 per metric ton.
In contrast to the prices in the US (MOO), where Mosaic (MOS), Nutrien (NTR), CVR Partners (UAN), and Terra Nitrogen (TNH) are active, prices at the other four locations fell week-over-week. Prices stood at $416 per metric ton in Morocco, $412 in Saudi Arabia, $414 in China, and $407 in India.
Compared to the same week a year ago, prices at the above locations have risen in the double digits year-over-year. In Tampa, NOLA, and Central Florida, prices rose 11% year-over-year at each location. In the other four locations, the prices were up by an average of 15% year-over-year.
In the next article, we’ll discuss MAP prices.
In the week ending February 16, potash prices were broadly flat to positive compared to a week ago.
Verizon Communications stock (VZ) closed down 2.09% on Tuesday after the leading US mobile carrier reported mixed results for the first quarter of 2019 before the market bell yesterday.
Several European auto companies want Nokia’s (NOK) patent business subjected to an antitrust probe.
The first-quarter semiconductor earnings season has begun, and the stock market is showing bullish sentiment as investors buy ahead of earnings releases.
Netflix (NFLX) is working its way through a series of price increases in several markets, including the United States and parts of Europe.
Netflix (NFLX) is aiming to add 14.6 million paying subscribers in the first six months of 2019.
Earlier today, the second-largest US automaker, Ford Motor Company (F), announced a plan to invest $500 million in Plymouth-based automotive company Rivian.