
Morocco is set to receive two Russian sulphur cargoes at Jorf Lasfar port to replace reduced supplies from the UAE, a major supplier to OCP. Kpler data show the cargoes were loaded in October and are due before month-end, while Russian sulphur exports recovered to 115,000 tonnes in September.
Global sulphur prices have reportedly risen about 75%.
Sulphur is a key input for phosphoric acid and phosphate fertilisers, so tight supply and a steep price rise raise phosphate production costs and support DAP and TSP prices.
After 31 past bullish logistics events, DAP moved a median +0.5% over 5 sessions (58% higher; middle half -0.4% to +0.9%), and +1.6% over 20.
Not enough comparable past events yet for a historical read.
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.