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Phosphate inventories in North America are well below average, with supply reduced by lower Chinese MAP and DAP exports, US tariffs on Moroccan phosphate, and Florida hurricanes that halted production for a month. A Nutrien representative said tight phosphate conditions are unlikely to ease in 2025.
Tight supply against weak crop prices makes phosphate expensive relative to grain, which squeezes farm margins and supports DAP and phosphate rock prices. The outlook implies continued elevated phosphate costs through the spring season.
producer.comRobert Arnason2025年1月15日在过去 193 次看涨的贸易事件之后，DAP 在 5 个交易日内中位数变动 +0.4%（54% 上涨；中间一半区间为 -0.3% 至 +1.8%），20 个交易日内为 +1.9%。
历史可比事件尚不足，暂无法给出历史解读。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件；仅描述已发生的情况，不代表未来走势。不构成投资建议。
