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Chinese monoammonium phosphate (MAP) prices rose 1.95% last week on good market sentiment and on-demand purchases by compound fertilizer makers. Diammonium phosphate (DAP) prices were stable during the off-season, with average demand.
Firmer MAP prices and stable DAP prices point to steady Chinese phosphate demand with no major new supply shock. The effect on feed-ingredient prices is limited.
ruisterchem.comMay 31, 2021Not 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.
