In March xxxx, the Water Soluble Fertilizers (WSF) market in China showcased bullishness in its trend for the second consecutive month. The current market sentiments can be attributed to the high production cost due to the surging prices of the feedstocks. Despite the presence of ample inventory and ongoing export restrictions, the market witnessed an incline due to the reluctance of traders to lower their quotations.
The WSF witnessed an incline in its trend and the prices reached USD xxx/MT (FOB-Qingdao), in March xxxx. This surge in the market sentiments of WSF can be attributed to the rising production cost amid a surge of x.xx in the feedstock Ammonia market while Phosphoric Acid remained unchanged. Moreover, sulphur has become much more costly as it witnessed a significant incline of xxx in just one month.
Therefore, despite the continued restriction on the Phosphates export, the WSF market...
