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CRU analysis says NP and NPK fertilizer capacity has grown quickly as producers seek better margins than in weakened global fertilizer markets. China's NP/NPK capacity rose from about 5 Mt in 2000 to about 70 Mt in 2016, with growth concentrated in physical compounds, and capacity has also expanded in South and Southeast Asia.
Expanding compound fertilizer capacity, especially in China, increases supply of NP and NPK products and can weigh on compound fertilizer prices over time.
crugroup.comAuthor Calvin Ball NP/NPKsOct 23, 2017Not 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.
