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An outlook piece says phosphate fertilizer demand has risen since 2012 and is expected to reach 46.6 million tons by 2018, growing about 2.2% per year. Asia accounts for 58% of projected demand growth, and about 7.3 million tons of new phosphoric acid capacity is due between 2013 and 2018, with large additions in Morocco, Saudi Arabia and China.
Rising phosphate demand, led by Asia, supports DAP prices, but the planned capacity additions could cap gains. Buyers should expect firm but not sharply rising phosphate costs.
vinachem.com.vnFeb 8, 2017Not 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.
