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 Q3 2020
Asia
Supply from Asia was stable in Q3, especially as China returned to full production after lockdowns. Producers in China focused on the export market and offers started to rise. Suppliers concentrated on demand in southeast Asia, especially as other regions did not see much activity. Chinese producers also started offering DAP/MAP at higher prices as global availability started to tighten in Q3.
Demand increased in Q3 as India and Pakistan were active in the market. Buyers continued to issue purchase tenders in India following a good monsoon and phosphates stocks in the country rose. Pakistani buyers also returned to the market for DAP cargoes for prompt shipment. Bangladesh demand also increased as the annual DAP import tender was issued for 600,000 tonnes and producers competed for the business. This tender kept many producers busy in Q3.
Europe
Producers continued to steadily ship cargoes to Europe throughout the quarter. Russian producers focused on domestic and regional markets where demand was strong and freight rates were more favourable. Product from North African producers kept arriving at European ports as demand elsewhere was slow. Suppliers were expecting an upcoming boost in seasonal demand in Europe in Q3 and shipped product to the continent for the next season.
European activity was fairly slow in Q3 due to bad weather earlier in the year and the summer holiday. Dry weather at the beginning of the year resulted in buyers and distributors having high stocks. Therefore, they were reluctant to make new purchases and the season was pushed back. Regular shipments from Russian and North African producers kept coming to the continent, but demand was slow.
US
Supply decreased during Q3. Imports were further limited during the quarter as the US Department of Commerce continued its countervailing duty investigations concerning imports of products from Morocco and Russia.
Demand dropped off as crop needs had been fully satisfied. Sharp increases in pricing as result of the duty investigation resulted in a spurt of buying which quickly receded. With attention turned towards harvest, end-users were not concerned with restocking or fall applications yet.
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