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Global phosphoric acid prices declined by mid-December 2024, with Moroccan prices lower as phosphate rock costs eased. Sulphuric acid price increases only partly offset the cost relief, and Moroccan export volumes remained strong.
Lower phosphoric acid prices point to softer phosphate input costs for fertilizer makers, a modest bearish signal for phosphate fertilizer prices that feed into crop input costs.
chemanalyst.comLucy TerryDec 16, 2024Not 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.
