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 offers in phosacid tender
Bangladesh’s BCIC receives offers in phosacid tender
London, 18 November (Argus) — State-owned Bangladeshi fertilizer importer and producer BCIC received offers ranging from $1,163-1,213/t P2O5 cfr equivalent in its tender to buy 10,000t of merchant grade phosphoric acid, which closed today. Trading firm Gentrade FZE made the lowest offer, for Moroccan phosphoric acid, at $628.10/t cfr, or $532.10/t fob. Guangxi Pengyue Eco-Technology — a subsidiary of China's Guizhou Chanhen Chemical — offered at $629.91/t cfr, or $542.91/t fob. And trading firm Sun International offered South African acid at $631/t cfr, or $538/t fob. BCIC is likely to have received no offers in its 29 October tender to buy 10,000t of the same grade of phosphoric acid. By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
Bangladesh gets DAP, TSP offers in tender
Bangladesh gets DAP, TSP offers in tender
London, 18 November (Argus) — Bangladesh's ministry of agriculture got offers for 120,000t of DAP ranging $678.40-717.00/t cfr and 113,000t of TSP ranging $561.90-585.00/t cfr in its latest private-sector tender, which closed today. The ministry received four offers for DAP in the tender as follows: Bulk Trade International — 40,000t at $678.40/t cfr Saifullah Takwa — 40,000t at $711/t cfr Taiba Saifullah (G.L.) — 20,000t at $711/t cfr Taiba Saifullah (S.A.) — 20,000t at $717/t cfr And five offers for TSP as follows: Bulk Trade International — 30,000t at $561.90/t cfr Mounata Trade Index — 20,000t at $584/t cfr Alif Trading Corporation — 3,000t at $585/t cfr Noapara Traders — 30,000t at $585/t cfr Taiba Saifullah (S.A) — 30,000t at $585/t cfr The ministry of agriculture likely awarded the offers received under its 10 November private-sector tender . Trading firms had offered 94,000t of DAP at $692-697/t cfr and 30,000t of TSP at $573/t cfr under the tender. By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
Bangladesh’s BCIC issues phosrock buy-tender
Bangladesh’s BCIC issues phosrock buy-tender
London, 14 November (Argus) — Bangladeshi fertilizer producer and importer BCIC has issued a tender to buy 30,000t of phosphate rock of at least 70 BPL (32pc P2O5), closing on 31 December. BCIC wants the cargo to be shipped to Chattogram within 30 days from issuing the letter of credit. Bangladeshi demand has added support to phosphates in the east and helped to tighten availability. BCIC will also close tenders to buy phosphoric acid on 18 and 20 November, and 1 January. And Bangladesh's ministry of agriculture has reportedly awarded cargoes under its 10 November private-sector tender after getting offers for 94,000t of DAP ranging $692-697/t cfr and 30,000t of TSP at $573/t cfr. The awarded prices, volumes and origins have not yet emerged. The ministry will close another private-sector tender seeking 200,000t of DAP and TSP on 18 November. By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
Brazil's MAP imports were above average in October
Brazil's MAP imports were above average in October
London, 12 November (Argus) — Brazil imported 441,000t of MAP in October, slightly above the five-year average for the month, according to Global Trade Tracker (GTT) data. Morocco's share of MAP exports fell on the year and was exceeded by the market shares of Saudi Arabia and Russia. MAP imports last month were below the 470,000t recorded in October last year but slightly above the 2019-23 October average of 424,000t. Receipts in the first 10 months of this year totalled about 3.76mn t, a sharp decline from 4.32mn t a year earlier, but only slightly below the 3.9mn t average over 2019-23. Since July, receipts have been above the norm, helping offset below-average imports in the first half of this year. A total of 457,000t of MAP are lined up to arrive in November so far, according to Unimar line-up data. This is below the 496,000t in November last year but above 411,000t in November over 2019-23. A further 28,000t have already been earmarked for December arrival. Brazilian MAP imports typically peak in July and remain at above 400,000t from July-November, according to the five-year average. Morocco's share falls Morocco's market share of the Brazilian MAP market fell by 20.2 percentage points on the year to 26pc last month, or 115,000t. Russia was the largest-single exporter to Brazil last month at 179,000t, representing a 40.5pc market share compared with 25pc in October last year. Saudi Arabia's share rose by 8.8 percentage points to 28.8pc, or 127,000t, also surpassing Morocco's share. Russia has remained the top MAP exporter to Brazil every month this year apart from in August, when it was surpassed by Morocco. And for the first month since July last year, Saudi Arabia's share of Brazilian MAP imports outweighed that of Morocco. About 44.9pc of November MAP deliveries to Brazil were of Russian origin, against only 8.8pc for Morocco and 16.8pc for Saudi Arabia, Unimar line-up data suggest. The US is set to deliver 25.8pc of November volumes. Moroccan phosphates exports to Brazil have focused more heavily on TSP this year. GTT data suggest that from January-August, Morocco sent 772,000t of MAP and 973,000t of TSP to Brazil, compared with more than 1mn t of MAP and 589,000t of TSP in the same period in 2023. And 542,000t of MAP is lined up to leave Jorf Lasfar in September-November, along with 438,000t of TSP, according to line-up data. Line-up data show that last year, 778,000t of MAP and 265,000t of TSP left the port over the same period. With lower volumes of Moroccan MAP on offer to Brazil this year, importers had to turn to Russia to secure the volumes they needed. Russia last week sold 30,000t MAP in the high $670s/t cfr to India, netting back to $623-627/t fob. This sale is above the netback of $603-605/t fob that Russia could have achieved with Brazil. By Adrien Seewald Brazil monthly MAP imports t Month 2024 2023 2019-23 October 441,000.0 470,000.0 424,000.0 September 430,000.0 474,000.0 475,000.0 August 564,000.0 532,000.0 475,000.0 July 525,000.0 519,000.0 501,000.0 — GTT Brazil monthly MAP imports by origin '000t Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
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