Phosphoric acid prices are weakening because of oversupply, low fertilizer consumption and scrapped tenders in India and Bangladesh. Chinese exports are adding pressure, and buyers in Turkey and Europe are holding off on purchases due to affordability concerns.
Ethiopia recently finalized a DAP tender with competitive Chinese bids.
Weaker phosphoric acid and DAP demand points to lower phosphate input costs, though farmers' delayed buying could limit near-term fertilizer use.
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.