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SunSirs reports that Chinese ammonium phosphate prices rose about 11% in December, with 64% DAP averaging 2,440 RMB/ton on December 23 versus 2,200 RMB/ton on January 1. The market was volatile through 2020, with a spring rally, a second-quarter slump and a late-year recovery.
Higher Chinese phosphate prices reflect firm input costs in a major producer and importer market, supporting the global DAP price trend and keeping phosphate costs elevated for feed ingredient producers.
sunsirs.comDec 25, 2020Not 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.
