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.
Bangladesh’s BCIC receives two phosacid offers
Bangladesh’s BCIC receives two phosacid offers
London, 18 March (Argus) — State-owned Bangladeshi fertilizer importer and producer BCIC received two offers in its tender to buy 20,000t of 52-54pc P2O5 phosphoric acid, which closed on Monday. Bangladeshi trading firm and newcomer to BCIC phosphoric acid tenders Qmark Group offered the lowest at $633/t cfr, equivalent to $1,172-1,217/t P2O5 cfr. Trading firm Sun International offered $655.90/t cfr, equivalent to $1,215-1,261/t P2O5 cfr. BCIC asked for the cargo to be shipped within 45 days of the receipt of the letters of credit, for delivery to Chattogram. The origins offered by the two firms are not yet known. The offers are higher compared with Sun International's offer at $617.76/t cfr — equivalent to $1,144-1,188/t P2O5 cfr — in BCIC's 1 January tender to buy 20,000t of the same grade of acid. They are also above the offers for 52-54pc P2O5 acid to BCIC in November at $620.87-631/t cfr — equivalent to $1,150-1,213/t P2O5 cfr. The lift in offers supports firmer expectations for the Indian phosphoric acid contract price — the global benchmark — for the second quarter, from the first-quarter price of $1,055/t P2O5 cfr India. By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
India’s RCF buys MAP, Hindalco receives no DAP offers
India’s RCF buys MAP, Hindalco receives no DAP offers
London, 17 March (Argus) — Indian fertilizer importer and producer RCF has bought 20,000t of MAP 10-50 from trading firm Hexagon at $649/t cfr with 30 days of credit in its 28 February tender. The cargo is due for shipment to Mumbai by 30 April. RCF had sought two 20,000t cargoes of MAP 10-50 or DAP in the tender, asking for the first cargo to be shipped within 30 days from issuing the purchase order. Dubai-based trading firm Petrotex offered DAP for the first shipment, but RCF has not accepted the offer. Hindalco receives no offers in DAP tender Fellow importer Hindalco received no offers in its tender to buy 40,000t of DAP, which closed on 14 March. It had asked for the cargo to arrive at Mundra on India's northwest coast in the second half of April. The lack of offers in the tender indicates the current tightness in global DAP supply because Chinese producers are focusing on meeting domestic demand, while many other producers have already sold DAP for March-April. By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Egypt’s NCIC issues tender to sell fertilizers
Egypt’s NCIC issues tender to sell fertilizers
London, 17 March (Argus) — Egyptian producer NCIC has issued a tender to sell various fertilizers for loading in April, closing on 24 March. NCIC is offering the following fertilizers: 30,000t of DAP — it sold 30,000t at $638-640/t fob in its 26 February tender 15,000t of TSP — it sold 17,000t at $487-490/t fob in its 26 February tender 10,000t of 19pc SSP — it sold 30,000t at $198-203/t fob in its 26 February tender and 20,000t at $213/t fob in its 4 March tender 12,000t of CAN27 — it sold 15,000t at $321-325/t fob in its 26 February tender 5,000t of granular urea — it offered 5,000t in its 26 February tender but was not awarded 1,500t of water-soluble SOP — it sold 1,500t at $580-590/t fob bagged, with the customer supplying the bags, in its 26 February tender The fertilizers sold in its 26 February tender were scheduled to load in March. NCIC only offered SSP for loading in April in its 4 March tender. By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Ethiopia's EABC issues new tender to buy DAP: Update
Ethiopia's EABC issues new tender to buy DAP: Update
Updates the quantity and loading requirements for each lot London, 12 March (Argus) — Ethiopian Agricultural Businesses (EABC) has issued a tender to buy 466,358t of DAP, closing on 25 March. Offers must be given on a fob basis for payment at sight or with 30 days of credit. EABC is seeking eight cargoes. The quantities and dates to complete loading are as follows: Lot 18: 60,000t, 15-20 April Lot 19: 60,000t, 20-25 April Lot 20: 60,000t, 25-30 April Lot 22: 60,000t, 25-30 April Lot 23: 60,000t, 5-10 May Lot 24: 55,000t, 15-20 May Lot 25: 55,000t, 20-25 May Lot 26: 55,358t, 25-30 May EABC has scrapped its 20 February tender, which sought 540,390t of DAP, after having received updated offers ranging from $630-670/t fob. It had counterbid at $625/t fob and below against initial offers ranging from $625-695/t fob. By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
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