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Chinese MAP 55% granular prices rose 20.57% in November 2023 as backlogs and limited supply lifted the market, though prices weakened late in the month on softer demand. DAP prices rose overall on tight supply and raw material costs, while production declined month on month and exports surged.
Rising Chinese phosphate prices and export volumes point to firmer global phosphate pricing, though softer late-month demand and falling raw material costs suggest possible December pullback.
fdd-global.comFeidoodooDec 4, 2023Not 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.
