"If all projects proceed as scheduled, a
large potential surplus may develop in the
export market in the near term.
For the period 2009 to 2013, the global
phosphoric acid supply/demand balance shows
a sustained surplus ranging between 3.0 Mt
and 3.8 Mt P2O5 p.a. The potential surplus in
2013 is likely to equate to 7% of world supply."
does anyone actually believe that all the projects will be proceeding on schedule ?? - particularly seeing that unless project economics are very good, it will be difficult for them to raise the necessary capital...
and looking at the projected 3 to 3.8 MT p.a. surplus... well that also is probably based on the scheduled projects meeting their ramp up targets within the first few years as well... and how likely is that to happen ??
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