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Chinese diammonium phosphate averaged 3,772 yuan/ton in late December, up 4.29% from early December. Supply is tight, especially for 64% grade, as strong export demand and limited domestic availability left some areas with spot shortages.
Tight Chinese supply and firm export demand keep phosphate input prices elevated, which supports DAP costs for global buyers while China's exports remain a key source of supply.
fdd-global.comBaichuan YingfuDec 21, 2022Not 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.
