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.
Submissions in under EABC’s DAP buy-tender: Update
Submissions in under EABC’s DAP buy-tender: Update
Updates ETG's offer for lot 6 and details on Bio Green's offer for lot 6 London, 9 January (Argus) — Six trading firms submitted prices ranging from $600-639/t fob in response to Ethiopian Agricultural Businesses (EABC)'s counterbids under its 23 December tender to buy DAP. ETG, Samsung, Montage Oil, Promising International, Bio Green and Aditya Birla offered nine DAP cargoes from Saudi Arabia, Jordan, Russia and Egypt. The cargoes will likely be 50,000-60,000t. EABC has not awarded any of these latest offers yet. Argus understands that Bio Green offered Kazakh DAP, but its offer has been cancelled. EABC had initially received offers for 13 DAP cargoes from Saudi Arabia, Egypt, Jordan and China at prices ranging $639-705/t fob under the tender. It then countered , requesting revised offers at $639/t fob or below. The importer awarded lot 4 — laycan 9-15 February — to trading firm Midgulf International at $639/t fob, quoted as Jordanian product. But supplier backing for this cargo has yet to be confirmed. By Tom Hampson Submissions to EABC 23 December DAP buy tender Lot number Offering party Origin Loading port Laycan Price 1 ETG Saudi Arabia Ras Al-Khair 16-22/1/2025 $639/t fob 2 Samsung Jordan Aqaba 25-30/1/2025 $638.75/t fob 2 Montage Oil Russia Ust-Luga 25-30/1/2025 $630/t fob 5 Montage Oil Russia Ust-Luga 10-15/2/2025 $630/t fob 5 Promising International Egypt Adabiya 10-15/2/2025 $639/t fob 6 Promising International Egypt Adabiya 21-25/2/2025 $639/t fob 6 Bio Green Kazakhstan Jebel Ali 21-25/2/2025 $600/t fob 6 Aditya Birla Jordan Aqaba 21-25/2/2025 $639/t fob TBC ETG Saudi Arabia Ras Al-Khair March $639/t fob Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Submissions in under Ethiopian EABC’s DAP buy-tender
Submissions in under Ethiopian EABC’s DAP buy-tender
London, 9 January (Argus) — Six trading firms submitted prices ranging from $600-669.30/t fob in response to Ethiopian Agricultural Businesses (EABC)'s counterbids under its 23 December tender to buy DAP. ETG, Samsung, Montage Oil, Promising International, Bio Green and Aditya Birla offered nine DAP cargoes from Saudi Arabia, Jordan, Russia and Egypt. The cargoes will likely be 50,000-60,000t. EABC has not awarded any of these latest offers yet. EABC had initially received offers for 13 DAP cargoes from Saudi Arabia, Egypt, Jordan and China at prices ranging $639-705/t fob under the tender. It then countered , requesting revised offers at $639/t fob or below. The importer awarded lot 4 — laycan 9-15 February — to trading firm Midgulf International at $639/t fob, quoted as Jordanian product. But supplier backing for this cargo has yet to be confirmed. By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
India’s Fact issues tender to buy phosacid
India’s Fact issues tender to buy phosacid
London, 6 January (Argus) — Indian fertilizer importer and producer Fact has issued a tender to buy up to 12,000t of phosphoric acid solution, closing on 13 January. Fact wants offers for phosphoric acid containing 46-53pc P2O5 for arrival at Kochi port on India's southwest coast between 25 February and 6 March. Offers are to be quoted as a premium or discount to $1,060/t P2O5 cfr — the contract price of phosphoric acid shipments to India in the fourth quarter of last year — including 30 day's credit. Bangladeshi state-owned importer BCIC closed a tender to buy 20,000t of 52-54pc P2O5 phosphoric acid solution on 1 January. It received one offer from trading firm Sun International at $617.76/t cfr, equivalent to $1,144-1,188/t P2O5 cfr and down from offers in November. Sun International gave the only offer in BCIC's 20 November tender for 20,000t of the same grade of acid, equivalent to $1,150-1,194/t P2O5 cfr. In its 18 November tender to buy 10,000t of merchant-grade acid, BCIC received offers ranging from $1,163-1,213/t P2O5 cfr equivalent. By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Ethiopia’s EABC counters at $639/t cfr for DAP
Ethiopia’s EABC counters at $639/t cfr for DAP
London, 2 January (Argus) — Fertilizer importer Ethiopian Agricultural Businesses (EABC) has countered offers for lots 1, 2, 3, 5 and 6 at $639/t fob under its 23 December tender to buy DAP. Suppliers have until 10:00am on 5 January to respond. Reports that EABC awarded lot 4 — 60,000t with laycan 9-15 February — to trading firm Midgulf International at the offered price of $639/t fob Jordan have emerged. But Jordanian producer JPMC has so far not committed to supplying this cargo to Midgulf International. EABC has not given counterbids for lots 7, 8 or 9, and has probably scrapped these lots. Offers for DAP from Jordan, Egypt, Saudi Arabia and China totalled 780,000t and ranged $639-705/t fob . EABC had initially sought to buy 611,000t in the tender. The importer stipulated laycans for its counterbids in a document seen by Argus as follows: Lot 1: 16-22 January Lot 2: 25-30 January Lot 3: 1-5 February Lot 5: 10-15 February Lot 6: 21-25 February Each lot is for 60,000t. Initially, the laycans for lots 5 and 6 had been 21-27 February and 5-11 March, respectively. By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
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