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China's phosphate fertilizer market was stable to slightly lower in late December 2023, with MCP prices easing on weak demand. DAP prices also softened, while exports of MCP and DAP rose year on year.
Phosphate rock prices weakened and operating rates edged up.
Weak Chinese domestic demand and softer phosphate rock prices point to continued downward pressure on phosphate fertilizer prices. Strong exports help limit the decline.
fdd-global.comFeidoodooJan 2, 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.
