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Chinese fertilizer additive firm Hubei Forbon Technology plans a 50/50 joint venture with Morocco's OCP Group in Wuhan, with registered capital up to USD10 million. The JV will be OCP's first Asia-Pacific R&D center and will focus on conventional and value-added fertilizers.
The JV is an R&D and technology partnership with no immediate change to phosphate supply, so its price impact is minimal.
yicaiglobal.comZhang YushuoJun 18, 2019Not enough comparable past events yet for a historical read.
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.
