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Di-ammonium phosphate prices in China fell to $630-640/t FOB Qingdao, and US quotes were $584-590/t FOB, below December 2022 levels. Buyers are waiting for new orders while demand stays weak across major import markets.
Weak buying and falling ammonia and gas costs point to continued softness in DAP pricing for feed-related phosphate supply chains.
chemanalyst.comEmilia JacksonFeb 14, 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.
