Loading…
Phosphate rock prices have been relatively stable, with Egyptian and Pakistani grades trading at roughly $70 to $115 per tonne CFR. DAP and MAP have surged to $690 to $710 per tonne CFR in India and Southeast Asia, and Asian buying remains steady.
Stable rock prices alongside high finished-product prices show that downstream margins, not raw material costs, are driving phosphate pricing, which keeps demand for rock firm in Asia.
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.