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OCP awarded Worley Chemetics a contract for three greenfield sulphuric acid plants for its Mzinda Phosphate Hub in Morocco. Additional TSP capacity is under construction at Jorf Lasfar and the Mzinda project will add about 4 million tonnes of TSP capacity by 2028-29.
Expanding phosphate capacity is a medium-term bearish factor for phosphate prices, though the new plants will not arrive until later in the decade.
linkedin.comDec 17, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 50 past bearish policy events, DAP moved a median +0.9% over 5 sessions (62% higher; middle half -0.1% to +1.6%), and +0.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
