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.
India’s CIL settles 1Q phosacid price at $1,290/t
India’s CIL settles 1Q phosacid price at $1,290/t
London, 12 February (Argus) — Indian phosphates producer and importer Coromandel International (CIL) has reported settling the first-quarter phosphoric acid contract price at $1,290/t P2O5 cfr with 30 days' credit with North American producer Nutrien. The price is steady on the fourth-quarter settlement between CIL and Jordan's JPMC, while Indian import prices for DAP — for which phosphoric acid is a key raw material — are down by more than $100/t since the beginning of October. But prices for dry bulk sulphur — a key raw material for phosphoric acid production — delivered to Indian ports have risen by almost $190/t at the midpoint in the same period. Nutrien has not immediately confirmed the settlement. By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Saudi Maaden sells 35,000-40,000t of DAP to Tanzania
Saudi Maaden sells 35,000-40,000t of DAP to Tanzania
London, 12 February (Argus) — Saudi Arabian phosphates producer Maaden has reported selling 35,000-40,000t of DAP to a single buyer at about $715/t cfr Tanzania for shipment in early March. The price is on a sight basis, without credit. It nets back to the mid-$690s/t fob Ras Al-Khair and is up from Maaden's reported DAP sale to east Africa in December at $700-707/t cfr . There has been no buy-side confirmation so far. By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Saudi Arabia’s Maaden settles DAP higher in India
Saudi Arabia’s Maaden settles DAP higher in India
London, 10 February (Argus) — Saudi Arabian phosphates producer Maaden has agreed to supply 55,000-60,000t of DAP to a buyer in India at $680-685/t cfr. The cargo will load at Ras Al-Khair early next week, to arrive on India's east coast by the end of the week. Argus understands that the settled price is towards the lower end of the reported range, which nets back to the high $660s/t fob or low $670s/t fob. It is up from Maaden's last settled price for DAP in India in the high $660s/t cfr in early January . The deal is under a long-term offtake agreement between Saudi Arabia and Indian importers, signed in July . The buy-side has not yet confirmed the settlement. By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Bangladesh’s BCIC opens phosrock offers
Bangladesh’s BCIC opens phosrock offers
London, 9 February (Argus) — Bangaldeshi fertilizer importer and producer BCIC received a lowest offer at $223.90/t cfr in its tender to buy 30,000t of minimum 70 BPL (32pc P2O5) phosphate rock, which closed today. Trading firm Gentrade FZE made the lowest offer for Moroccan rock. It quoted freight at $63.40/t and a netback price of $160/t fob in the offer. Fellow trading firm Midgulf also offered in the tender. It offered Jordanian rock at $257.50/t cfr, quoting freight at $35/t and a price of $222.50/t fob. Both offers are probably for 70BPL rock. Argus assessed the midpoint of Moroccan 70BPL phosphate rock prices at $177/t fob for the fourth quarter of last year. It assessed prices for Jordanian 68-70BPL phosphate rock at $159-182/t fob for the same period. BCIC asks for the sale to be completed within 30 days of issuing the letter of credit, and for the cargo to be delivered to the TSP complex jetty at Chattogram. By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
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