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Global phosphoric acid prices slowed in early December 2023 as slow offtake and Chinese inventory dumping weighed on the market. US producers face losses from high phosphate rock costs and the cut in Moroccan tariffs to 2.12% from mid-November.
Weaker phosphoric acid prices reduce input costs for phosphate fertilizers, but producers running at limited capacity and the lower Moroccan tariff pressure domestic supply economics.
chemanalyst.comLi HuaDec 18, 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.
