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Australian analyst commentary notes DAP FOB Australia quoted around A$850-875/mt for November, roughly A$220 lower year on year and well below the May 2022 peak. The piece says MAP and DAP price in similar ranges and that Chinese export restrictions have supported international prices.
Chinese export restrictions constrain global phosphate supply, keeping DAP prices high versus last year. Buyers should expect firm phosphate costs while Chinese curbs remain in place.
episode3.netAndrew WhitelawDec 11, 2023Not 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.
