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S&P Global reports that COVID-19 has hit the fertilizer sector since the outset, mainly in China, the largest producer and consumer of phosphates, sulphur and sulphuric acid. Plant shutdowns from late January and transport constraints tightened phosphate supply and pushed prices up, while sulphuric acid prices collapsed.
China's agriculture ministry said it will monitor fertilizer prices to prevent unreasonable increases.
Tighter Chinese phosphate supply supports DAP and TSP prices, which raises feed-phosphate and crop-input costs. Brazil and India could become the next pressure points.
spglobal.com2020年3月24日在过去 31 次看涨的物流事件之后，DAP 在 5 个交易日内中位数变动 +0.5%（58% 上涨；中间一半区间为 -0.4% 至 +0.9%），20 个交易日内为 +1.6%。
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。
