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Chinese MAP and DAP prices were stable on November 29 according to Feidoodoo data, with the 55% powder MAP index at 3,483.75. Downstream demand is weakening and new orders are slowing, while DAP prices held firm on limited supply.
Producers are considering slight MAP price cuts.
Slowing downstream orders and falling ammonia costs point to softer phosphate prices, though tight supply limits the downside for now.
fdd-global.comFeidoodooNov 28, 2023fdd-global.comFeidoodooNov 30, 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.
