Loading…
SunSirs reports that the reference price of 30% grade phosphate rock in mainstream Chinese areas rose 366 RMB per ton, or 53.04%, over 2022, ending near 1,056 RMB per ton. Chinese supply tightened as medium- and high-grade reserves declined and mining grew harder under environmental rules.
January to November 2022 output was 95.04 million tons, up 2.3% year on year.
Tighter Chinese supply of medium- and high-grade rock keeps phosphate costs high for fertiliser makers, which feeds through to crop input prices.
sunsirs.comJan 19, 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.
