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SunSirs reports that the average price of 55% powdered ammonium phosphate in China rose from 2,566 to 2,616 RMB/ton between July 24 and July 28, a gain of about 1.95%. The average price of 64% DAP held at 3,687 RMB/ton, with tight supply and firm export demand cited.
Firm Chinese DAP prices and tight supply support global phosphate values, and rising export demand may keep upward pressure on phosphate-based feed mineral costs.
sunsirs.comAug 1, 2023Not 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.
Chinese DAP held firm at a high level with tight supply and firm export demand, and ammonium phosphate rose, supporting the global DAP price move.
