Morocco: OCP reports $5-7/t rise in Q2 phosrock contracts

摘要

OCP said it has agreed its second-quarter contracts for 68-72% BPL phosphate rock with buyers at $5-7/t increases on an FOB basis. The rise is mainly due to a slump in freight rates since the end of December 2019 with Morocco to India phosphate rock freights down as much as $10/t during the period and freight rates to Europe and Latin America down $5-9/t.