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Chinese MAP and DAP ex-factory prices stood at 1,880 and 2,202 RMB/MT at end-November 2019, down about 20% and 19% year on year. Low phosphate rock and sulfur costs, with sulfur at port the lowest since 2008, plus limited output cuts that failed to lift prices, are keeping P-fertilizer prices depressed.
Exports fell in January-October 2019.
Cheap Chinese phosphate supply and weak export demand point to continued low DAP and MAP prices in the near term, lowering input costs for phosphate-dependent feed inputs and fertilizer buyers.
en.cnagri.comDec 10, 2019Not 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.
