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A Chinese brokerage report says new domestic phosphate rock supply will be limited in 2025-2026. Design capacity is 19.447 million tonnes per year, with about 5.9 million tonnes of new capacity planned for 2025-2027.
Limited new supply supports high phosphate rock prices and keeps downstream phosphate feed ingredient costs elevated.
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.