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OCP S.A. reported 4Q18 and full-year 2018 results, with revenues of MAD 55.9 billion, EBITDA up 34%, and a 31% EBITDA margin. Management attributed the gains to higher phosphate product prices, favorable product mix and cost efficiencies despite higher sulfur prices.
Higher sulfur costs and strong pricing show phosphate producers are passing costs through, which supports firm DAP and phosphate fertilizer prices going into the 2019 season.
worldfertilizer.comNicholas WoodroofMar 26, 2019After 66 past bullish report events, DAP moved a median 0.0% over 5 sessions (41% higher; middle half -0.6% to +0.7%), and +0.3% over 20.
Not 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.
