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Chinese domestic 30% grade phosphate rock averaged about 1,054 RMB/ton on October 13, down 0.91% from October 1 and 4.16% below August 1. Prices were weak after the National Day holiday as the phosphate fertilizer market was cold, though tight supply kept miners offering high.
Softer Chinese phosphate rock prices point to easing domestic input costs, though limited mine supply limits the downside.
sunsirs.comOct 14, 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.
