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CRU reports that Egyptian phosphate rock producers have some of the lowest production costs in the global industry, allowing exports to continue despite weak prices. Egypt is the third-largest phosphate rock exporter, with over 60% of output shipped abroad.
Producers are now planning downstream capacity, including a first phosphoric acid plant at Abu Tartour.
Low-cost Egyptian rock keeps supply available and caps phosphate rock pricing, while the shift toward downstream processing may gradually reduce the volume of traded rock.
crugroup.comAuthor Humphrey Knight PhosphatesAug 10, 2017
prnewswire.co.ukCRUAug 11, 2017Not 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.
