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Maaden, OCP sell MAP, TSP to Latam

  • Mercados: Fertilizers
  • 12/03/26

Saudi Arabia's Maaden and Morocco's OCP have reported sales of MAP and TSP to Latin America at higher levels.

Maaden has reported selling 15,000t of MAP at $815-820/t cfr South America for shipment this month.

The cargo is likely destined for Argentina but Maaden did not comment when asked about the exact destination.

The producer also did not provide details on how the cargo will ship, given that Saudi Arabia exports phosphates from Ras Al-Khair, and shipments to and from the port must pass through the strait of Hormuz, which Iran has declared closed.

OCP has reported selling 50,000t of MAP and 10,000t of TSP to Latin America excluding Brazil — also likely to include Argentina — at $810-820/t cfr and $645-650/t cfr, respectively, for shipment in April. It also reported selling 30,000t of MAP to Brazil at $800-805/t cfr for shipment in April.

The MAP prices net back to $775-790/t fob Morocco while TSP nets back to $615-625/t fob.

Direct buy-side confirmation for the sales could not be obtained, but the MAP sales likely to Argentina are in line with Argentinian buy-side indications and reports of sales during the week. Brazilian buyers report sales at up to $800/t cfr this week. No buy-side confirmations for deals above this level have yet emerged.


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