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Domestic monoammonium phosphate traded in a narrow range on 13 November, with Hubei 55% powder ex-works quotes at 3,600-3,650 yuan/t. Diammonium phosphate was stalled at 4,600-4,800 yuan/t in Hubei, and capacity utilization stood at about 35% for MAP and 37% for DAP.
Low operating rates and stable domestic phosphate fertilizer prices signal ample supply and limited upward price pressure on phosphate feed-ingredient inputs in the near term.
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.