Loading…
CRU reports China's potash and phosphate industries face rising operating costs after major capacity expansions since 2008. China has become the marginal producer in phosphate and nitrogen, and domestic potassium output has disrupted trade flows.
Rising Chinese production costs could eventually tighten export supply and firm global phosphate and potash prices.
crugroup.comAuthor Humphrey Knight Phosphates PotashNov 20, 2019After 28 past bullish macro events, DAP moved a median -0.2% over 5 sessions (36% higher; middle half -0.9% to +1.3%), and -0.8% over 20.
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.
