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Domestic Chinese MAP prices were stable in early March, with 55% powdered MAP at 3,076.25 and 55% granular at 3,250. DAP 64% granular edged up to 3,855, and market participants cite tight DAP supply and firm order books into late March.
Firm domestic Chinese MAP and DAP prices and rising input costs support phosphate values, which can keep global DAP quotes from softening.
fdd-global.comFeidoodooMar 6, 2024Not 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.
