Chinese phosphate rock domestic prices were reported at 1,017 yuan/ton for 30% grade on November 11. Industry executives expect tight supply from environmental policy, new energy demand and slow capacity additions to keep prices high.
Higher Chinese phosphate rock prices reflect tight raw material supply that feeds through to phosphate fertilizer costs globally. Expectations of sustained high prices support DAP and phosphate rock values.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.