Loading…
Morocco's state phosphate company OCP has started production at a new fertiliser unit at its Jorf Lasfar export centre. OCP expects its fertiliser output capacity to rise 50% during 2018.
Added Moroccan fertiliser capacity and higher export volumes increase global phosphate supply, which is bearish for DAP and phosphate rock prices.
doi.orgDec 13, 2017After 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.
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.
