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SunSirs reported that the China reference price for 30% grade phosphate rock was about 1,070 RMB/ton on May 9, 2023, down 20 RMB/ton from May 1. Prices weakened after the Labor Day holiday as downstream yellow phosphorus demand and operating rates stayed low.
Some Chinese miners cut mid to high-grade prices by 20 to 40 RMB/ton.
Weak domestic demand and falling Chinese phosphate rock prices suggest continued softness in raw phosphate input costs.
sunsirs.comMay 9, 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.
