Phosphate Market Outlook – Video Update

This concise video update from the Argus fertilizer analytics team addresses key questions including:

• Price forecasts: How will demand destruction and markets entering the off-season impact DAP and MAP prices?
• Trade balance: As markets exit buying seasons will DAP and MAP markets shift to a surplus?
• Production Costs - DAP ex-works: To what extent have falling sulphur prices in China and the sulphur subsidy in India impacted production costs?
• TSP market: How will softer Brazilian demand and stronger SSP competition widen the TSP surplus?