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World Fertilizer reports that phosphate prospects have firmed on rising demand and reduced supply. Chinese authorities are ordering closures of older, polluting phosphate plants, with about 3 million tons of P2O5 capacity expected to close during 2015-2020.
Chinese phosphate exports have been running at about 6 million tons a year.
Permanent capacity closures and falling Chinese exports tighten global phosphate supply, which supports DAP and phosphate rock prices. Higher phosphate prices raise feed mineral costs.
worldfertilizer.comRobyn WainwrightDec 28, 2018After 151 past bullish policy events, DAP moved a median +0.0% over 5 sessions (50% higher; middle half -0.6% to +0.9%), and +1.9% 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.
