It's not a story about one ship. Or about pirates. It's about Houtis rebels (because of Israel / Gaza) and, for now, the difficult and dangerous passage in Gulf of Aden. Many ships choose to take a longer way (South Africa). Transportation costs are higher and take more time. Are asian customers paying less their Morocco phosphate to compensate transportation costs (and so get the same total price) ? I don't know. But seems possible. And could have an impact on pink sheet prices. LD99 think it's a Marocco price manipulation. I don't know. If I have to make a bet, I prefer the ship route explanation than manipulation. But no certainty.
With situation in Gulf of Aden is Centrex localisation an advantage for Asian markets ? Yes for sure. Does this advantage mean a better price than Morocco rock phosphate. I don't know. I hope so
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2 | 300000 | 0.052 |
4 | 224612 | 0.051 |
1 | 10000 | 0.050 |
2 | 121632 | 0.049 |
Price($) | Vol. | No. |
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0.054 | 177475 | 3 |
0.055 | 60000 | 1 |
0.056 | 84000 | 1 |
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