Loading…
China's domestic MAP prices rose through May 2024 on strong demand from compound fertilizer producers and tight spot supply, with the 55% powdered index up 6.29% for the month. DAP prices slipped on weak transactions and rising inventories, and port stocks for both products fell sharply year on year.
Diverging MAP and DAP trends show firm phosphate demand in some grades, but weak summer demand and softer raw material costs point to limited upside, so phosphate input prices are likely to consolidate.
fdd-global.comFeidoodooMay 28, 2024Not 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.
