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A press release claims China's natural gas diversion for winter heating has cut its domestic fertilizer output by about half, with domestic urea up 34 percent and compound fertilizer up 17.1 percent. The release names several fertilizer producers as potential beneficiaries.
If Chinese fertilizer output is cut sharply, global urea and phosphate prices could firm as China's export supply tightens, raising crop production costs. The claims are promotional and unverified, so the scale of the impact is uncertain.
presswire.comApr 27, 2018
prnewswire.comUSA News GroupApr 27, 2018Not 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.
