Morocco: DAP/MAP prices flat as May schedule builds

摘要

Moroccan DAP/MAP values are flat this week as OCP's scheduled shipments to African markets limit availability for May. The company is understood to be targeting around $380-390/mt FOB for new European DAP sales and as high as $395/mt CFR, or $380/mt FOB, for new MAP sales to Brazil. With Brazil MAP currently assessed at $375-380/mt CFR this will be a difficult task in the near term.