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Chinese domestic MAP price indices were stable on March 27, with the 55% powdered index at 3067.50 and the 64% granular DAP index at 3846.67. Weak new orders and soft downstream demand from compound fertilizer producers kept the trend under bearish pressure.
Oversupply and sluggish buying in China keep phosphate prices under pressure, which suggests limited upside for DAP in the near term.
fdd-global.comFeidoodooMar 28, 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.
