Phosphates
Overview
The global phosphates market has witnessed increasing volatility, in response to military conflicts, political tensions and changing market dynamics. Price fluctuations have continued to buffet the market, with increasing demand from south and Southeast Asia the main regions driving consumption growth. Rising raw material prices and improved affordability have lifted prices once again.
Phosphates' usage is also not solely limited to fertilizers. Battery-material suppliers are increasingly seeking to source phosphate rock and specialty phosphates-based products to meet the rapidly rising demand for lithium-iron-phosphate batteries for electric vehicle production.
Our extensive phosphates coverage includes DAP, MAP, TSP and SSP, as well as raw materials phosphate rock and phosphoric acid, with assessments also spanning feed products MCP and DCP. Argus has many decades of experience covering the phosphates market and incorporate our multi-commodity market expertise in key areas including sulphur and ammonia to provide the full market narrative.
Argus support market participants with:
- Daily and weekly phosphates price assessments, proprietary data and market commentary
- Short and medium to long-term forecasting, modelling and analysis of processed phosphate and phosphate rock prices, supply, demand, trade and projects
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Latest phosphate news
Browse the latest market moving news on the global phosphate industry.
India’s SECI seeks long-term green ammonia supply
India’s SECI seeks long-term green ammonia supply
Singapore, 10 June (Argus) — State-owned Solar Energy Corporation of India (SECI) has issued a tender on 7 June to select eligible suppliers to supply 539,000 t/yr of green ammonia. The ammonia will be supplied to 11 fertilizer facilities in India, owned by eight different fertilizer producers. Offers are to be submitted online by 29 July and in hard copy by 31 July. SECI will then hold a reverse auction to select the successful suppliers. SECI will sign a Green Ammonia Producers Agreement (Gapa) with the successful suppliers for a period of 10 years based on the terms and conditions of the tender. Participants are to submit a fixed price which shall remain valid for the duration of the Gapa. Successful suppliers under this tender are required to set up green ammonia production facilities in India to produce and supply green ammonia to the phosphate fertilizer producers listed in the table below, including building storage and transporting product to the producers. Successful suppliers will have access to the following government subsidies: 8.82 rupees/kg ($105.62/t) of green ammonia in the first year of production and supply Rs7.06/kg during the second year of production and supply, Rs5.30/kg during the third year of production and supply They will also be eligible for carbon credits, which will be issued by a separate entity and not discussed in this tender. This tender was initially announced in January . It is part of SECI's efforts as an agency under India's Ministry of New and Renewable Energy (MNRE) and the implementing agency for the Implementation of Strategic Interventions for Green Hydrogen Transition (SIGHT) Programme under India's National Green Hydrogen Mission aimed at enabling rapid scale-up, technology development and cost reduction of green hydrogen production. By Huijun Yao Tendered capacity for green ammonia supply unit Fertilizer Producer Location Green ammonia requirement (t/yr) Shipment schedule Indian Farmers Fertilizer Cooperative Limited (IFFCO) Kandla, Gujarat 100,000 25,000 t/quarter IFFCO Paradeep, Odisha 100,000 25,000 t/quarter Madras Fertilizers Limited (MFL) Manali, Chennai, Tamil Nadu 4,000 350 t/month Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) Bharuch, Gujarat 50,000 12,500 t/quarter Paradeep Phosphates Limited (PPL) Paradeep, Odisha 75,000 23,500 t/quarter PPL Zuarinagar, Goa 25,000 4,500t every other month Indorama India Private Limited (IIPL) Haldia, West Bengal 20,000 1,100-1,200 t/month Mangalore Chemicals & Fertilizers Limited (MCFL) Panambur, Mangalore, Karnataka 15,000 3,000 t/quarter Coromandel International Limited (CIL) Vishakhapatnam, Andhra Pradesh 50,000 - CIL Kakinada, Andhra Pradesh 85,000 - CIL Ennore, Tamil Nadu 15,000 - Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
Australia’s IPL fertiliser sale process 'advanced'
Australia’s IPL fertiliser sale process 'advanced'
Singapore, 16 May (Argus) — Australian chemicals and fertilizer producer Incitec Pivot (IPL) said the sale of its fertilizer business, first proposed last year, is now in "advanced negotiations". The potential sale of Incitec Pivot Fertilizers (IPF) to Indonesian producer Pupuk Kalimantan Timur (PKT) is subject to agreeing and executing final binding transaction documents, although there is no certainty that any deal will be reached or that any sale will occur, IPL said its financial report for its October 2023-March 2024 half year on 16 May. While IPL considering the sale of its fertilizer unit first emerged in July 2023, it was unclear who the interested buyers were. PKT is a subsidiary of state-owned fertilizer group Pupuk Indonesia Holdings and has production capacity of 2.74mn t/yr of ammonia, 3.43mn t/yr of urea and 300,000 t/yr of NPKs. Should the deal eventuate, the Indonesian producer intends to continue supplying fertilizers to Australia, support the retention of IPF's workforce and grow IPF's business in Australia, PKT confirmed to IPL. IPL reported a 77pc year-on-year fall in its first-half earnings before interest and tax (ebit) to A$10mn ($6.7mn). This was mainly attributed to the closure of Gibson Island that was producing ammonia, urea, granular ammonium sulphate and diesel exhaust fluid AdBlue, as well as reduced manufacturing performance at Phosphate Hill in Queensland with a capacity of 1mn t/yr of DAP, MAP and specialty products. But its distribution business was supported by firm demand and a well-managed fertilizer supply chain with its first-half ebit more than doubling from a year earlier to A$27mn, which partially offset a weaker manufacturing performance. By Huijun Yao Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
Phosphates: Brazilian MAP imports recover in April
Phosphates: Brazilian MAP imports recover in April
London, 14 May (Argus) — Brazil's MAP imports in April reached their highest level so far this year, buoyed by plentiful supply from Russia and demand ramping up ahead of the main season. Brazil imported 378,147t of MAP in April, of which Russia accounted for nearly 260,000t, Morocco 67,000t and Saudi Arabia 51,500t. Year-to-date imports for the January to April period reached 1.025mn t, of which Russia accounted for 76pc, Morocco 15pc and Saudi Arabia 6pc. The main changes compared with 2023 are the nearly 600,000t fall in total MAP imports compared to last year. Russia has actually raised its market share from nearly 52pc last year to 76pc. Otherwise, Moroccan MAP exports fell from nearly 500,000t in 2023 to 158,000t, while US exports fell nearly 120,000t year-on-year. Saudi MAP exports almost halved from 109,000t in the first four months of 2023. Chinese MAP exports fell from over 37,000t in 2023 to just 9,000t in 2024. Several reasons explain the changes. Overall imports are down on an exceptionally high first four months of 2023. Average imports for the last five years were around 1.15mn t, imports for 2024 are on par. Moroccan producer OCP concentrated more on DAP shipments to India east of Suez as well as MAP shipments to Australia. High domestic prices in the US cut export availability and pulled in non-Russian and non-Moroccan cargoes from other markets. Saudi producers also concentrated more on DAP markets in India with Chinese phosphate supply out of play. Chinese producers concentrated more on the domestic market and faced customs inspections, which limited export availability for phosphates. By Mike Nash Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
Inundações podem prejudicar logística no Sul do Brasil
Inundações podem prejudicar logística no Sul do Brasil
Sao Paulo, 10 May (Argus) — Enchentes sem precedentes no estado do Rio Grande do Sul devem criar uma situação logística ainda mais caótica no país e podem reduzir o uso de fertilizantes na safra de soja 2024-25 do estado. Chuvas intensas atingem o estado desde 29 de abril, culminando nas piores enchentes já registradas no Rio Grande do Sul. As enchentes alcançaram a área central do estado, fechando os portos de Pelotas e Porto Alegre, que movimentam commodities agrícolas, incluindo grãos, oleaginosas e fertilizantes. Os níveis elevados de água devem chegar até o Sul do estado, alcançando o porto de Rio Grande. Os três portos do Rio Grande do Sul movimentaram cerca de 44,8 milhões de toneladas (t) em 2023, sendo o porto de Rio Grande o maior deles, respondendo por pelo menos 42,6 milhões de t, de acordo com dados portuários. O perfil geográfico do estado e um canal particularmente estreito para o escoamento das águas até o mar sugerem que o pior ainda está por vir na parte Sul do estado. Os níveis de água devem aumentar na Lagoa dos Patos, um lago que recebe águas de diversos rios e desemboca no Oceano Atlântico. Porém, as operações estão acontecendo normalmente no porto de Rio Grande até 9 de maio. A Associação Nacional dos Exportadores de Cereais (Anec) projeta que 343.250t de soja e 131.778t de farelo de soja sejam embarcados na semana encerrada em 11 de maio, de acordo com o cronograma de embarques do porto. Os embarques entre 28 de abril e 4 de maio — que representam os dias em que as chuvas atingiram seu pico e o estado começou a inundar — totalizaram 183.559t e 133.424t de soja e farelo de soja, respectivamente. Dados de lineup da agência marítima Williams mostram que as exportações de soja devem totalizar 838.600t, quase o dobro do volume projetado na semana anterior. O tempo médio estimado de espera para embarque aumentou para 3 dias, em comparação com 2 dias estimados em 29 de abril. O porto de Rio Grande foi o 5º maior exportador de soja em 2023, com 3,8 milhões de t embarcadas no ano passado, de acordo com a Agência Nacional de Transportes Aquaviários (Antaq). O tempo de espera para descarga de fertilizantes está em torno de 1 dia, estável em comparação com a semana anterior. O porto de Rio Grande foi o 3º maior em termos de volumes de importação de fertilizantes no 1º trimestre de 2024, de acordo com dados da agência marítima Unimar. O porto de Paranaguá, no Paraná, recebeu 2 milhões de t de fertilizantes, seguido de Santos e Rio Grande, com 1,9 milhão de t e 990.640t, respectivamente. Dados de lineup para maio e junho apontam que Rio Grande deve receber 540.900t e 66.375t de fertilizantes, respectivamente. Os navios com destino a Rio Grande podem ser direcionados para outros portos, especialmente para São Franciso do Sul, em Santa Catarina, e Paranaguá, de acordo com participantes de mercado. Mesmo que os volumes de fertilizantes sejam descarregados conforme planejado inicialmente, o escoamento para as áreas agrícolas pode ficar comprometido. O principal acesso ao porto, a rodovia BR-116, já está parcialmente bloqueada, dificultando o fluxo de caminhões no estado. Os motoristas já buscam trechos curtos para transportar mercadorias, uma vez que os trechos longos os obrigam a procurar alternativas que elevam ainda mais o percurso, considerando que há cerca de 88 bloqueios parciais ou totais em rodovias no estado até 9 de maio. A empresa de logística Rumo também interrompeu parcialmente as operações no Rio Grande do Sul em 6 de maio. A empresa possui um terminal de grãos no porto de Rio Grande e uma malha ferroviária de cerca de 7.220km na região Sul do Brasil, que inclui os estados do Rio Grande do Sul, Santa Catarina e Paraná. Empresas de fertilizantes que atuam no Rio Grande do Sul relataram que estão tentando mover seus produtos para armazéns longes dos rios. Considerando a produção agrícola, os volumes que já foram colhidos e estavam armazenados em silos, estão encharcados agora. Com a previsão de mais danos, agricultores do Rio Grande do Sul podem se sentir desencorajados a investir em tecnologias e fertilizantes para a próxima safra de soja 2024-25. Mais chuvas para o fim de semana O Instituto Nacional de Meteorologia (Inmet) espera que as chuvas se intensifiquem novamente no Rio Grande do Sul, começando nesta sexta-feira, entre as regiões Centro-Norte e Oeste do estado. Os níveis de chuva devem diminuir até 12 de maio, mas podem ultrapassar 100mm antes disso. As áreas litorâneas das regiões Norte e Sul de Santa Catarina também devem ser afetadas, de acordo com o Inmet. Por Renata Cardarelli e Nathalia Giannetti Envie comentários e solicite mais informações em feedback@argusmedia.com Copyright © 2024. Argus Media group . Todos os direitos reservados.
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