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Latest Market News

Abu Dhabi's Adnoc raises July sulphur price by $140/t

  • Spanish Market: Fertilizers
  • 01/07/26

Abu Dhabi's state-owned Adnoc has set its July sulphur official selling price (OSP) for the Indian subcontinent at $1,000/t fob Ruwais, up by $140/t from its June OSP.

This is the highest level so far for the OSP, according to Argus records, $180-200/t above the previous record reached in June-August 2008, when the OSP hit $800-820/t fob.

Adnoc's July OSP implies a delivered price of $1,105-1,108/t cfr India, with the freight cost for a 40,000-45,000t shipment to the east coast of India last assessed at $105-108/t on 25 June. Additional costs such as insurance premiums on top of higher bunker costs could elevate delivered price levels further.

By Maria Mosquera

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01/07/26

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.

QatarEnergy raises July sulphur price

30/06/26
30/06/26

QatarEnergy raises July sulphur price

London, 30 June (Argus) — State-owned QatarEnergy Marketing has raised its July Qatar Sulphur Price (QSP) by $85/t to $890/t fob Ras Laffan/Mesaieed from $805/t fob in June. Freight rates as of 25 June were $125-140/t for a 30,000-35,000t shipment to Chinese ports. This implies a delivered cost of $1,015-1,030/t cfr, with additional insurance premiums raising prices further on a delivered basis. Vessel traffic through the strait of Hormuz has recovered in June, with more than 800,000t from previously loaded Middle East sulphur shipments crossing the strait, according to Argus estimates, and the majority under earlier sales or contracts. This has eased the most extreme stock shortages among major consumers, but the market remains very short due to delivery delays and production outages. Spot availability is limited to 2-3 Middle East shipments in trader hands. The number of LNG vessels holding positions near Ras Laffan have spurred optimism that QE could be preparing for a production ramp-up at the terminal following drone attacks and damage to the production facility. By Maria Mosquera Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

Trump suspends Morocco phosphate duties for 8 months

30/06/26
30/06/26

Trump suspends Morocco phosphate duties for 8 months

Houston, 29 June (Argus) — US President Donald Trump said late Monday he will temporarily suspend countervailing duties on certain phosphate fertilizer imports into the US from Morocco for eight months, citing a "supply emergency" for US farmers. Under the proclamation, anti-dumping and countervailing duties issued against certain phosphate fertilizers from Morocco will be suspended for eight months, or until the emergency order is terminated, depending on which occurs first. Global supply chains for phosphate fertilizers and fertilizer inputs have been disrupted by conflicts in fertilizer-producing regions, and trade actions taken by major fertilizer-producing regions, a fact sheet related to the proclamation said. This would include the US-Israel war with Iran, which had largely stopped traffic through the strait of Hormuz, trapping Saudi Arabian phosphate cargoes, while sending raw material costs such as sulfur and ammonia, significantly higher. Even with more Saudi Arabian phosphates cargoes moving through the strait in recent days, none of those vessels are en route to the US, according to vessel tracking data. The countervailing duties imposed on Morocco have been under a five-year sunset review by the Department of Commerce since early March, with Commerce earlier this month announcing it would be extending the deadline for a preliminary decision until 20 July. Moroccan fertilizer producer OCP and Russian fertilizer producers have been subject to countervailing duties on phosphate exports to the US since 2021, after US fertilizer producer Mosaic filed a petition with authorities alleging the two countries' phosphate imports materially injured the US market. It is unclear if Commerce was aware of Trump administration's emergency proclamation ahead of time. The circumstances related to fertilizer supply emergency will be monitored, according to the White House, with further action possible. By Taylor Zavala Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

Saudi DAP cargo transits strait of Hormuz

26/06/26
26/06/26

Saudi DAP cargo transits strait of Hormuz

London, 26 June (Argus) — The fourth Saudi Arabian phosphates cargo to pass through the strait of Hormuz this week so far completed its transit earlier today. The vessel Zagori is carrying 50,000t of DAP, which it loaded at Saudi Arabia's Ras Al-Khair port in the Mideast Gulf in late February-early March, according to vessel-tracking data from analytics platform Kpler. The cargo's destination is not yet known. The total volume of DAP/MAP to transit the strait this week so far now stands at 203,000t. The following cargoes made it through the strait earlier this week: Global Unity , with 61,000t of DAP, scheduled to arrive at Visakhapatnam in India on 3 July Banglar Joyjatra, with 37,000t of MAP, due to arrive at Durban in South Africa on 10 July BC Agility, with 55,000t of MAP, scheduled to arrive at Rio Grande in Brazil on 25 July These were the first transits since the first half of May, when the Mdl Toofan , carrying 55,000t of MAP, became the second phosphates cargo to cross the strait since the start of the US-Iran war at the end of February. This leaves the following cargoes remaining in the Mideast Gulf: Bahri Wafi loaded 72,000t of DAP in early April Bahri Bulk loaded 71,000t of DAP in late April-early May Bahri Trader loaded 71,000t of DAP in late March Chang Chang Dong Hai loaded 55,000t of DAP in early March, which Argus understands is bound for India Saudi Arabian producers remain cautious about loading fresh cargoes from Ras Al-Khair, despite the increase in vessel traffic through the strait of Hormuz this week. Saudi producer Maaden will load the 120,000t of DAP it sold to India in mid-June from Yanbu port in the Red Sea in July. By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

India's Fact issues long-term ammonia buy tender

26/06/26
26/06/26

India's Fact issues long-term ammonia buy tender

Singapore, 26 June (Argus) — Indian fertilizer producer Fact issued a tender to purchase up to 93,500t of ammonia on 25 June for delivery to Kochi port over a one-year period. Fact is seeking monthly lots of 8,000t +/- 5pc, and requested that suppliers must offer at least one lot of 8,000t. Pricing offers are to be submitted on a formula basis linked to the four-week average midpoint of Argus ' Middle East Fob assessment, with a variable premium or discount. Offers are to be submitted by 9 July 14:00 IST (08:30 GMT), and will be opened on the same day at 14:30 IST. Argus last assessed delivered prices to India at a midpoint of $760/t cfr on 25 June, and loading prices from the Middle East at a midpoint of $700/t fob. By Dinise Chng Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

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