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Chinese monoammonium phosphate (MAP) prices were mostly stable in the week to November 27, with the 55% powder index up 0.58% to 3495. DAP prices held mostly steady, though some grades dropped.
Domestic demand stayed weak, especially in the Northeast, while government price stabilization measures limit upside.
Firm supply and high raw material costs support phosphate prices, but policy controls and weak demand point to a slight softening in DAP for feed and crop input buyers.
fdd-global.comFeidoodooNov 27, 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.
