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StoneX analyst Josh Linville says he remains cautiously bearish on global phosphate prices despite a recent bounce. He expects Chinese exports returning and high Indian import levels could push prices back lower.
North American markets are tight because the US is effectively blocking major exporters China, Russia and Morocco, and inventories are low.
Expected returning Chinese supply and strong Indian imports point to lower global phosphate prices, although tight North American supply may limit the decline.
stonex.comJosh LinvilleAug 24, 2023Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
