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Chinese phosphate producers Wengfu and Kailin are nearing a merger, likely to close by end of June, accelerated by the Guizhou provincial government. The combined company would be the third largest producer of phosphoric acid and phosphate rock globally.
A larger Chinese phosphate producer may influence phosphate salts and value-added markets more than basic fertilizer prices, with limited direct effect on feed-ingredient prices.
crugroup.comAuthor Chris Lawson, Isabel Chen China PhosphatesMay 22, 2019Not enough comparable past events yet for a historical read.
After 29 past neutral policy events, DAP moved a median +0.2% over 5 sessions (55% higher; middle half -0.4% to +1.3%), and +1.9% over 20.
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.
