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SunSirs reported that the average ex-factory price of powdered ammonium biphosphate in China was unchanged at 1,900 RMB/ton between August 1 and August 20, 2020. The average price of 64% DAP rose 0.76% over the same period, to 2,218 RMB/ton, with operating rates near 60%.
Stable Chinese phosphate prices with a slight DAP firming point to steady export and domestic supply costs for phosphate fertilizer. The gain is small, so the implication for feed-ingredient prices is limited.
sunsirs.comAug 21, 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.
