During May xxxx, the Water Soluble Fertilizers (WSF) market continued with its bullishness in its trend. This upward price of the commodity was witnessed due to the limited availability of supply, high production cost, re-entering of the Chinese suppliers in the export market, and the market uncertainty regarding the tariff implementation.
In China, the WSF market continued to showcase bullishness in its trend. In May xxxx, the WSF market witnessed a surge of x.xxx and the prices reached USD xxx/MT (FOB-Qingdao). This upward trend of WSF was driven by the limited global supply along with renewed optimism due to the announcement of the export quotas for phosphate fertilizers. This optimism in the market sentiments overshadowed the declined production cost as feedstocks, phosphoric acid, and ammonia decreased by xx.xxx and x.xxx, respectively.
This month, the strengthening of the bullishness in...
