Loading…
SunSirs data show Chinese monoammonium phosphate and 64% DAP ex-factory prices slipping about 0.3-0.8% between April 1 and April 16, 2020. Domestic phosphate orders are scarce and the market is sluggish.
Prices remain near multi-year cycle lows.
Weak Chinese phosphate demand and falling prices point to softer global DAP and MAP pricing and reduced phosphate costs for feed producers.
sunsirs.comApr 17, 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.
