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SunSirs reported China's 30% grade phosphate rock reference price at 856 RMB/ton on August 10, down 12 RMB from August 6. Weak downstream demand and limited new orders led some Chinese miners to trim prices by 10-20 RMB per ton that week.
Softer Chinese phosphate rock prices point to weaker raw material costs for phosphate fertilizer makers, though the impact on global feed-related prices is small.
sunsirs.comAug 11, 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.
