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Chinese urea and phosphate fertilizer prices have declined in recent days, with Shandong and Hebei urea quoted around 1880-1930 yuan per ton. Compound fertilizer makers and phosphate producers also reported weaker prices, while potassium chloride held up better.
The article attributes the downturn to a temporary supply-demand imbalance.
Lower Chinese urea and phosphate prices reflect soft domestic demand and ample supply, which weighs on global fertilizer benchmarks and modestly reduces input costs for feed grain producers.
echemi.comMay 29, 2019Not enough comparable past events yet for a historical read.
Not 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.
