Loading…
SunSirs reports that China's 30-grade phosphate rock price rose to about 1,008 RMB per ton on October 26, up 3.92% from early October. Spot supply of medium and high grade ore is tight in some regions.
Downstream demand is steady but slowed by the winter storage season.
Tight Chinese rock supply supports phosphate raw material costs and limits export availability, which underpins prices for downstream phosphates. Slower winter demand could cap further gains.
sunsirs.comOct 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.
