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CRU analyst Chris Lawson says the phosphates market recovered somewhat in 2020 after a difficult 2019 marked by weak demand and new capacity in Morocco and Saudi Arabia. Idled Chinese capacity and COVID-19 lockdowns tightened supply, while fertiliser demand has been strong.
Few new capacity projects are expected in 2020 or 2021.
Limited new phosphate capacity and tighter Chinese supply support higher feed phosphate prices. Buyers should expect firmer DCP and MCP costs in the near term.
agtechnavigator.comJane ByrneSep 10, 2020Not enough comparable past events yet for a historical read.
Not 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.
