Short-term support for complex phosphate fertilizers has been found as Chinese producers are now out of the export market on the back of exploding costs, while the market focus moves away from Southern Asia. Strong deliveries of complex phosphate fertilizers during 2017 do not seem to tally up with agricultural fundamentals – the risk of strong stock carryover into 2018 is very high. Meanwhile, the relative pricing of NPKs versus DAP/MAP suggests that the current high prices are not fully sustainable – while the market has firmed for now, the risks have not disappeared.
How it helps:
Get the full picture.
Plan ahead with our 10-year forecasting.
Read in-depth analysis in each issue.