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PhosAgro expects seasonal softening in phosphate prices after the spring season, with DAP at $355/t in Tampa, down $5 week on week from spring highs of $375. Chinese capacity cuts are expected to support prices, while new capacity in Morocco and Saudi Arabia may cap increases.
Chinese export curbs and capacity cuts provide a floor for DAP, but expanding output elsewhere limits price gains for phosphate-based inputs.
vinachem.com.vnMay 30, 2017Not 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.
