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ADNOC and OCP announced a long-term sales agreement under which ADNOC will supply granulated sulphur to OCP until 2025. Both companies will also explore a larger cooperation on phosphates and sulphur, and ADNOC exported over 2 million tonnes to Morocco in 2016.
A long-term sulphur contract secures a major phosphate producer's input supply, which supports OCP's fertilizer output and therefore the phosphate supply outlook.
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.