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Chinese phosphate fertilizer prices rose in the week to November 6, with the MAP 55% powder index up 2.58% to 3278.75. Factories had more than a month of orders waiting to ship, and DAP output kept falling.
DAP inventories dropped both weekly and annually.
Falling DAP output and shrinking inventories tighten supply and support higher phosphate prices, which raises fertilizer costs for downstream producers.
fdd-global.comFeidoodooNov 6, 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.
