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.
Egypt’s NCIC awards fertilizer sales tender
Egypt’s NCIC awards fertilizer sales tender
London, 23 April (Argus) — Egyptian fertilizer producer NCIC has awarded its latest tender to sell various fertilizers for loading this month at higher prices. NCIC reports the following sales in the tender, which closed on 20 April: 20,000t of DAP at up to $880/t fob — up from $840/t fob awarded in its 4 April tender 10,000t of TSP at up to $695/t fob — up from $618/t fob awarded in its 4 March tender 3,000t of urea at up to $830/t fob — up from $654/t fob awarded in its 4 March tender 5,000t of CAN26 at up to $412/t fob — up from $352/t fob awarded in its 4 March tender 1,000t of water-soluble SOP at up to $705/t ex-works in 25kg bags — up from $620-630/t fob awarded in its 15 March tender NCIC sold the full quantities of DAP, TSP, CAN and SOP offered in the tender. It offered 10,000t of urea. NCIC offered 15,000t of SSP in the tender, but no awards for SSP have emerged. The number of buyers for each product and the destinations of the cargoes are not yet known. By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
India’s NFL seeks DAP, TSP, NPK, NPS suppliers
India’s NFL seeks DAP, TSP, NPK, NPS suppliers
London, 16 April (Argus) — Indian fertilizer importer and producer NFL has issued a tender inviting suppliers to enter into long-term offtake agreements for imports of DAP, TSP, NPS and NPKs. The tender closes on 7 May. NFL has specified demand for the following grades: DAP 18-46 NPS 20-20-0+13S NPK 12-32-16 NPK 10-26-26 But it will also consider fertilizer grades included under India's fertilizer control order. The offtake agreements signed with successful applicants will last for one year from the date of signing. Cargoes supplied under the agreements will be priced on a cfr India basis. Over the April 2025-March 2026 fertilizer year, NFL imported 612,093t of DAP, 144,040t of NPS and 26,762t of NPKs, it said. This is up significantly from 553,928t of DAP and no NPKs or NPS imported in the previous fertilizer year. NFL says it plans to become one of the major players in the trading of phosphate and potash-based fertilizers. By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Weak monsoon may curb Thailand's fertilizer demand
Weak monsoon may curb Thailand's fertilizer demand
Singapore, 16 April (Argus) — Thailand is expected to receive lower-than-normal rainfall in the upcoming southwest monsoon season starting in May, which could slow paddy planting and reduce fertilizer offtake. The main fertilizer application season, mainly for paddy planting, runs over May-October and depends on monsoon rains because paddy cultivation requires a large amount of water throughout the growing period. Rainfall across most of Thailand over April-June could be about 10pc below normal, according to the Thai Meteorological Agency. In the northeastern and central regions, where most of the paddy is planted, rainfall is forecast at 380-480mm compared with the normal 474mm in the northeast, and 270-370mm compared 352mm in the central region. Rainfall will likely be above normal in April, but below normal in May and June. Fertilizer suppliers are also concerned about growers' affordability, given that rice export prices have fallen year on the year , likely reducing farmers' cash flow for purchasing inputs. The ongoing US-Iran war has also tightened urea and phosphate supply, pushing delivered prices to Thailand sharply higher in recent weeks. This will further erode growers' ability to afford fertilizers, traders said. Thailand's department of internal trade has launched a subsidy programme, Green Flag Fertilizer Plus, to ease the impact of high fertilizer costs and falling rice prices. But the initiative will likely do little to boost planting and fertilizer offtake this season, given expectations of below-normal rainfall levels. By Huijun Yao Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Vietnam's Vinachem buys phosrock at high-$80s/t cfr
Vietnam's Vinachem buys phosrock at high-$80s/t cfr
Singapore, 16 April (Argus) — State-owned fertilizer producer Vinachem has awarded a tender to buy about 25,000t of 27pc P2O5 phosphate rock at prices in the high-$80s/t cfr to a Vietnamese trading firm, according to several traders linked to the tender. The company closed the tender on 15 April after receiving three offers in the $90s/t cfr range. Vinachem initially sought 45,000t of phosphate rock, but reduced the volume in response to firm prices. The cargo is scheduled to load in Egypt in May. Vinachem was unavailable for comment. Vietnam imported phosphate rock only occasionally in the past but increased its imports in 2025 because of declining domestic output and lower ore quality. By Huijun Yao Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
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