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
- Bespoke consulting project support
Latest phosphate news
Browse the latest market moving news on the global phosphate industry.
Algeria to accelerate Annaba phosphate port expansion
Algeria to accelerate Annaba phosphate port expansion
London, 13 July (Argus) — Additional workers and equipment will be deployed this month and next to Algeria's Annaba phosphate port expansion project, aiming for completion by the first quarter of 2027, Algeria's works and infrastructure ministry said. The project's workforce will be doubled and Annaba "will be reinforced with additional machinery and equipment... to accelerate the pace of work and guarantee the project's delivery within the scheduled deadlines", the ministry said, according to Algerian state-controlled media. The project centres on building a deepwater quay that can handle 80,000t-capacity ships, to strengthen "the logistical competitiveness" of Algerian phosphate rock and fertiliser exports. The port expansion is part of Algeria's Integrated Phosphate Project (IPP), which is a partnership between state-owned energy company Sonatrach and state-owned mining firm Sonarem. The IPP includes the development of phosphate deposits in Bled El Hadba and a phosphoric acid, sulphuric acid and ammonia facility in Oued Keberit, Souk Ahras province. The IPP "is scheduled to enter production during the first quarter of 2027, coinciding with the completion of the Annaba port expansion project and its readiness to export its initial phosphate shipments", the Algerian government said last month. The IPP Souk Ahras phosphoric acid production facility will have a capacity of 900,000 t/yr of P2O5, with a potential phosphate rock demand of around 3mn t/yr, according to Argus analysts. The Bled El Hadba mine will supply the Souk Ahras facilities and is already in operation and building up stocks, Argus understands. Algerian phosphate rock producer and Sonarem-subsidiary Somiphos expects to complete a 1mn t/yr expansion at its Djebel Onk mine by mid-2027. Its current phosphate rock capacity is around 1.5mn t/yr, according to Argus analysts. After this expansion is complete, Somiphos will likely supply phosphate rock to Indonesia, under an agreement for up to 1mn t/yr signed with state-owned fertilizer group Pupuk Indonesia in January . By Adebiyi Olusolape and Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Mosaic to further curtail US, Brazil phosphate output
Mosaic to further curtail US, Brazil phosphate output
Houston, 8 July (Argus) — US fertilizer producer Mosaic today said it will further reduce its phosphate operations at select North American and Brazilian facilities because of curtailed raw material supply availability. The reduced availability is due to traffic still largely halted through the strait of Hormuz . Further temporary operational measures are being taken by Mosaic as sulfur inventories decline, while supply availability and fertilizer affordability remain constrained, the company said in a statement. "These actions are a temporary response to extraordinary market conditions and do not change the company's long-term strategy or commitment to global agriculture," Mosaic said. Mosaic will further reduce output at its Bartow, Florida, plant and Faustina, Louisiana, facility, which saw its operating rates reduced earlier this year. Production at Mosaic's Riverview, Florida, plant and Uncle Sam, Louisiana, facility will now also be reduced. Multiple customers have said they expect a full halting of operations at the Faustina plant because it was idled earlier this year, while Bartow operations could continue at a reduced rate if the sulfur supply outlook becomes more positive. But no specifics from Mosaic were provided on the scale of the operational pullback at any one plant. In Brazil, additional temporary curtailments and idling of facilities are underway after the producer idled and closed SSP production and mine activity in April. In May, the producer also paused Brazilian phosphate rock production. The additional curtailment news also comes nearly a week after the US government announced it would pause countervailing duties on Moroccan phosphate imports for eight months, opening the door for the return of OCP phosphate tonnes into the US market after Mosaic in 2011 alleged the countries' imports materially injured the US market. In May, the producer announced it would withdraw its 2026 phosphate production guidance of at least 7mn metric tonnes (t) and had initiated steps to curtail production at plants in Louisiana and Florida, alongside scaling back output in Brazil. The reduction in phosphate operations was also a direct result of limited raw material supply availability from the ongoing conflict in the Mideast Gulf, which has forced domestic and global phosphate producers to reduce output. By Taylor Zavala Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
India 3Q phosacid settles at $1,700/t P2O5 cfr
India 3Q phosacid settles at $1,700/t P2O5 cfr
London, 1 July (Argus) — Indian importer Coromandel has agreed a price of $1,700/t P2O5 cfr India with 30 days credit for third-quarter phosphoric acid deliveries with Jordanian producer JPMC. The price is up by $340/t P2O5 from the second quarter, largely driven by firm sulphur prices. Prices for dry bulk sulphur to India rose by 49pc over the second quarter. By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Australia’s Dyno Nobel sells Phosphate Hill plant
Australia’s Dyno Nobel sells Phosphate Hill plant
Sydney, 1 July (Argus) — Australian explosives producer Dyno Nobel has sold its 769,000 t/yr Phosphate Hill plant to Australian energy and resources firm Mayfair for A$1 (0.69¢), with support from federal and state government loans, the company said on 1 July. Phosphate Hill is Australia's only MAP/DAP production plant and has recently faced issues with sulphuric acid supply , as well as rail disruptions on the Mount Isa line , which transports product to the Port of Townsville. The sale agreement was signed on 30 June. Dyno Nobel likely sold Phosphate Hill for a nominal A$1 as part of its plan to divest from the fertilizer sector, with the plant facing ongoing operational and cost pressures . The Australian federal and Queensland state governments have provided a A$160mn loan to support operations at Phosphate Hill, the Ministry for Industry and Innovation said. The loan will help Mayfair to upgrade the facility and includes assistance to manage higher sulphur costs following the US-Iran war. Australia imports 99pc of its sulphur from Canada, according to the Australian Bureau of Statistics (ABS). Argus -assessed sulphur at $1,150/t fob Vancouver on 25 June, up by 136pc from 26 February. Production at Phosphate Hill fell by 9pc on the year to 272,800t in the financial half year to 31 March 2026. MAP/DAP exports from the Port of Townsville were flat on the year at 116,700t in the same period, trade data from ABS show. Exports in January-April dropped by nearly 100pc on the year to 43t. Australian agribusiness Ridley held a supply agreement for all MAP/DAP output from Phosphate Hill through Incitec Pivot Fertilizers before the sale and plans to renegotiate this deal with Mayfair . Ridley did not respond to requests for comment by the time of publication. Argus last assessed MAP/DAP at $883-933/t fob Townsville on 25 June. Dyno Nobel reported net emissions of 446,062t CO2 equivalent to scope 1 emissions from Phosphate Hill in the financial year ending 30 June 2025, after surrendering 26,089 Safeguard Mechanism Credits. By Susannah Cornford Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
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