DCP Price to Go Further Down

By CnAgri2013-06-20 14:21:42 Print DCP：On June 19th, 2013, the average price at major production and sales areas is RMB2,010Yuan/MT, down 0.3% compared with last week. Domestic DCP market still saw bearish. Cost supports weakened as sulfur acid price went further down hit by weak phosphate fertilizer market. In downstream, demand was still not strong and some manufacturers’ stocks began to see pressure. Therefore, BOABC predicts that domestic DCP market shall keep the weak trend and the price shall go down in some areas but with limited space. (Table 11)



From “China Livestock and Feed Market Weekly Report”