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Africa Mining Intelligence reports that Morocco's OCP is supplying Europe and Asia with phosphates mined in Western Sahara. The article text is largely a paywall stub, so few details are available.
The headline points to active export flows from OCP.
Steady OCP export volumes to major importers help keep phosphate rock and DAP supply ample, which tends to cap price gains.
africaintelligence.comFeb 5, 2019Not enough comparable past events yet for a historical read.
After 40 past bearish trade events, DAP moved a median -0.1% over 5 sessions (38% higher; middle half -3.7% to +0.5%), and -2.4% 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.
