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.

Latest phosphate news

Bangladesh DAP/TSP tender offers emerge: Correction


08/07/24
Latest phosphate news
08/07/24

Bangladesh DAP/TSP tender offers emerge: Correction

Corrects the total volume of TSP offered in the fourth paragraph London, 8 July (Argus) — Bangladesh's private-sector tender for 500,000t of DAP, which closed today, drew offers from 13 traders for at least 394,000t at $645-695/t cfr for lots of 15,000-40,000t. There was also one small offer of 4,000t at $925/t cfr. Freight from China, the likeliest source of the DAP, is estimated at $30-35/t, with other associated costs at $30-55/t. This suggests the lowest netbacks to China are at around $560/t fob. It is unclear how much backing local traders have and whether Chinese producers would support offers at the low end. Bangladesh received seven TSP offers totalling 125,500t, with three specifying Moroccan or Lebanese origin. Prices ranged at $645-661/t cfr for 10,000-30,000t lots, with two traders offering 2,500-3,000t lots at $940-950/t cfr. The tender had sought 250,000t of TSP. A full list of offers and further analysis will be published in due course. By Mike Nash Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Latest phosphate news

Fertilizer affordability falls from May on higher urea


08/07/24
Latest phosphate news
08/07/24

Fertilizer affordability falls from May on higher urea

London, 8 July (Argus) — Global fertilizer product affordability has weakened sharply over the past two months on lower crop prices and higher urea prices following supply restrictions at key producers in Egypt. Nutrient affordability fell to 1.06 points in the first week of July, from an average of 1.24 points in May. An affordability index above one indicates that fertilizers are more affordable, compared with the base year, which was set in 2004, while below one indicates lower nutrient affordability. The decline in nutrient affordability over the past two months comes as farmers prepare to harvest grain crops in the northern hemisphere. The fertilizer index ⁠— which includes international prices for urea, DAP and potash, adjusted by global usage ⁠— reached the highest value since March, mostly driven by a jump in urea prices, which weighs heavily on the fertilizer index owing to the relatively higher global usage when compared to DAP and potash. Prices for urea surged from May into early July, supported by tight spot availability, as urea plants in Egypt were affected by gas supply constraints from mid-late May. The unplanned urea plant shutdowns in Egypt caught the market by surprise and resulted in the Middle East benchmark rising by an average of 23pc since May, to $353.5/t fob on a midpoint basis in the first week of July. But output at some urea plants in Egypt has started to resume from early this month following the restoration of natural gas supply, which should help to improve availability and provide some respite to overall supply tightness. By Lili Minton Affordability Index Regional Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Latest phosphate news

Brazil MAP imports rise to 2024 high in June


05/07/24
Latest phosphate news
05/07/24

Brazil MAP imports rise to 2024 high in June

London, 5 July (Argus) — Brazil imported 441,000t of MAP in June, the highest monthly total so far this year, GTT data show. Receipts climbed by over 100,000t on the month and by 128,000t on the year in June. But they were below the 2019-23 June average of 459,000t owing to particularly high imports in 2021 and 2022. Brazilian MAP imports typically climb during the second quarter and peak in August. Receipts over the first half of this year have been lagging against long-term averages, totalling 1.8mn t in January-June compared with 2.3mn t a year earlier and a five-year average of 2mn t. But last month was the first so far this year where imports increased compared with a year earlier. This trend may persist in the coming months, with Unimar line-up data suggesting that 464,000t of MAP will be delivered to Brazil in July, compared with 383,000t a year earlier. The share of Brazil's MAP imports from Russia fell to 43.5pc, having remained above 50pc every month since December. Russia's share of MAP deliveries to Brazil was 41.1pc in June last year. Moroccan flows filled the gap left by the declining share of Russian arrivals, with Brazil importing 35.2pc of its MAP from Moroccan producer OCP. Imports from the country had remained below a third of total MAP flows to Brazil since December, and were at 32pc in June 2023. And the share of imports from Saudi Arabia fell by 3.2 percentage points on the month to below a fifth of total flows, and compared with 22.9pc in June last year. Brazilian buyers delayed their phosphate purchases this year, expecting MAP prices to decline in line with weakening Indian DAP cfr prices, which fell to a low of $508/t cfr in mid-May. Indian DAP prices are now firming but remain below levels in the first quarter. Brazilian MAP prices have been rising steadily over the past month, to $630/t cfr from a range of $580-600/t cfr at the start of June. Persistent lower availability of imports within the application window for the 2024-25 soybean crop has supported MAP prices. By Adrien Seewald Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Latest phosphate news

Fertistream buys Africa-focused Nutrisource


05/07/24
Latest phosphate news
05/07/24

Fertistream buys Africa-focused Nutrisource

London, 5 July (Argus) — UAE-based trading firm Fertistream has acquired Singapore-based Nutrisource and its fertilizer assets in Africa. The deal includes the purchase of Nutrisource's new 200,000 t/yr blending unit in Togo. The unit has 60,000t of storage capacity for raw materials and 30,000t for finished product. Production of blends at the facility is expected to begin in the fourth quarter, for sale to the local region. The new unit will have the ability to produce high-phosphate NPK blends, which are in demand in the region, as well as tailored blends to meet the needs of regional crops and soils. The unit is north of the port of Lome, enabling it to supply neighbouring countries, including Burkina Faso, Ghana, Niger, Benin and Mali. Fertistream has sold almost 500,000t of fertilizers to African markets so far this year, and the acquisition will further strengthen the company's position in the continent, especially in west Africa. By Nykole King Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Related events

No Results Found