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Phosphate prices may have peaked as high raw yellow phosphorus prices stabilize and downstream demand weakens, with export activity not improving. The market is consolidating near the end of the off-season.
Yellow phosphorus prices surged to about 17,500 yuan per ton after energy-conservation curbs constrained output, lifting downstream products such as sodium tripolyphosphate.
Softer phosphate prices reduce input cost pressure for feed phosphate and fertilizer buyers, though energy-conservation curbs in China could support prices again later in the year.
en.gxcschem.comApr 22, 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.
Chinese phosphate market commentary says prices may have peaked as yellow phosphorus costs stabilize, downstream demand weakens and exports stay sluggish, a bearish sentiment signal for DAP.
