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DTN reports that the global phosphate market appears well balanced heading into 2019, citing Mosaic analysis. Phosphate shipments rose from about 61 million tons in 2010 to an estimated 70 million tons in 2018.
Possible Chinese environmental curbs on production and exports could tighten supply and lift prices.
Balanced supply now, with a risk of Chinese export cuts, leaves phosphate prices exposed to upside if those curbs take hold. Higher phosphate costs would pressure feed phosphate inputs.
dtnpf.comRuss QuinnDec 7, 2018Not 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.
