The ICIS Phosphates Fertilizers Report is published weekly in Europe. This reliable weekly price report contains price assessments for diammonium phosphate (DAP) in the US Gulf and north Africa, triple superphosphate (TSP) in north Africa and phosphate rock in Morocco. There is also a monthly price forecast and analysis publication, The Outlook: Phosphates, and more intelligence on phosphates can be found in the global coverage of the weekly publication The Market.
These up-to-date and trustworthy publications are an essential business tool to help you make informed decisions.
Updated to Q2 2019
Asia
The phosphates supply to Asia in the second quarter has been stable. Chinese phosphates producers have focused on the export market, as the domestic season slowly drew to a close. However, most domestic diammonium phosphate (DAP)/monoammonium phosphate (MAP) plants continued to keep their operating rates low following the government’s environmental crackdown. Moreover, cargoes have been arriving to India, Pakistan, Bangladesh and southeast Asia from Morocco, Saudi Arabia, China and US, as producers look there for price direction.
Asia and especially the Indian subcontinent have seen a rise in phosphates demand for the second quarter. In India, 1.5m tonnes of DAP arrived at Indian ports as buyers took advantage of low DAP prices before the settlement of the phosphoric acid price for Q3 contract deliveries. However, there are ample stocks in the country as buyers purchased around 6.5m tonnes of DAP last year. In Bangladesh, the annual import DAP/trisodium phosphate (TSP) tender is expected to take significant tonnage out of the market.
Europe
Supply to Europe has been steady for the second quarter, as producers were trying to find demand outlets. Cargoes from Russia, Tunisia and Morocco are arriving constantly, as there is seasonal demand in Russia and the neighbouring countries. Also, there is enough product in storage in south Europe and the Mediterranean, since Q2 demand has been subdued. Producers have started to offer product at higher levels due to favourable freight rates.
Europe saw subdued demand in the second quarter, as buyers were reluctant to make purchases. The adverse weather has delayed application further into the second quarter, so deals have been scarce. Moreover, phosphates buyers are waiting for prices to improve before they make purchases, but they are expected to come back to the market for the summer. Demand was steady in Russia and the regional markets due to seasonality.
US
Supply levels were decreased during the second quarter. Fewer barges moved to northern destinations, and inland warehouses saw their volumes dwindle through seasonal buying. The reduction in barge traffic was owing to challenging logistics along the US river system. Also US price levels were not attractive enough to draw additional imports.
Facing unprecedented weather delays, US demand was lower during the quarter. The shortened spring planting window kept less acreage from being sowed. That increase in prevented plantings diminished the amount of nutrient applications. While there was steady movement from terminals to cover spring crop needs, fewer barges changed hands than would typically be seen during this period.
We offer the following regional Phosphate fertilizers analysis and news coverage to keep you informed of factors and developments affecting prices in the Phosphate fertilizers marketplace.
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Phosphate fertilizers
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