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Chinese high-grade phosphate ore prices reached new highs, and a listed phosphorus chemical company attributed this to shrinking merchant rock supply and rising demand for iron phosphate battery materials. The article notes China holds about 5% of global phosphate reserves.
Stronger Chinese rock prices and diversion of rock to battery materials tighten global phosphate supply, supporting DAP and MAP fertilizer prices.
ysfrit.comZibo Yishun Ceramic Pigment, Glaze Co.,LtdMar 15, 2023Not 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.
