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Oxford Analytica reports that supply of high-purity phosphate will not keep pace with demand. Prices have risen since China's export tariffs, Moscow's export ban and Russia's invasion of Ukraine.
Demand from lithium iron phosphate batteries for energy storage is adding upward pressure, and a US court withdrew approval for an Idaho phosphate rock mine.
The high-purity phosphate niche is driven by battery demand rather than feed or crop fertilizer, so its direct effect on feed-relevant phosphate prices is limited.
doi.orgOxford AnalyticaAug 16, 2023Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 156 past report events, DAP moved a median 0.0% over 5 sessions (45% higher; middle half -0.6% to +0.9%), and +0.9% over 20.
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.
