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China's domestic 30% grade phosphate rock price was about 1,054 RMB per ton as of December 1, 2023, flat from late November and up 2.93% from November 1. The market was stable and consolidating, with weak downstream phosphorus yellow and phosphoric acid demand offset by tight supply.
Stable Chinese rock prices and tight supply keep raw material costs for phosphate fertilizers firm, with limited near-term downside for DAP and MAP producers.
sunsirs.comDec 4, 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.
