Loading…
BMI Research forecasts Morocco will steadily gain phosphate production share through 2021 as China's share slows. The report cites large capacity additions in Morocco and Saudi Arabia and expects Chinese producers to lose ground to unprofitable operations and tighter environmental rules.
Shifting capacity toward Morocco and Saudi Arabia and away from China may change the supply balance for phosphate rock and fertilizers over the coming years. The effect on near-term prices is limited, since the forecast covers the period to 2021.
moroccoworldnews.comconstance-rentonJul 26, 2017Not enough comparable past events yet for a historical read.
After 156 past report events, DAP moved a median 0.0% over 5 sessions (45% higher; middle half -0.6% to +0.9%), and +0.9% 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.
