OCP Sees Possible 2H Production Cuts

OCP SA, Casablanca, says it and rivals in North America, China and Russia may cut production in the second half to mitigate the impact of new capacities from Saudi Ma’aden, Tunisia and Egypt on supply, according to a Bloomberg report citing OCP’s annual report. OCP indicated that the market “will however remain relatively fragile” with the risk of “interventionism by China” to boost its exports.