AEV 0.00% 0.9¢ avenira limited

>Phosphate prices will soar 27% to an average of $650 a tonne,...

  1. 12,639 Posts.
    >Phosphate prices will soar 27% to an average of $650 a tonne, fuelled by delays to Saudi Arabia's Ma'aden project, which will boost spot supplies by 10%.

    I almost started to get excited when I realised that the article is incorrect as they are really only talking about the price of DAP.

    Approx 32% of DAP consists of Rock Phosphate so 32% of $650 is US$208 so that's your price for Rock phosphate.

    If the price of Rock Phosphate was anywhere near $650 I would have thrown the kitchen sink at it.

    :)
 
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