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 2019
Asia
Asian phosphates supply was steady in the third quarter, as Chinese producers kept domestic operating rates low because of the government’s environmental crackdown. Cargo arrivals – especially in India – were steady from Morocco, Saudi Arabia, the US and Australia. Saudi producers were also shipping cargoes to southeast Asia. However, phosphates production at GCT in Tunisia has been intermittent due to disruptions from civil unrest and production issues.
Phosphates demand in Asia was strong in the third quarter, with India leading the charge. In the April-September period, around 3.09m tonnes of diammonium phosphate (DAP) arrived at Indian ports from various origins. However, high inventories in the country since 2018 meant that buyers were in no hurry to make purchases and DAP prices dropped. Also, buyers in Pakistan returned to the market and bought DAP volumes from China, Morocco and Australia.
Europe
European supply for phosphates in the third quarter has been stable, as producers shipped cargoes to the continent. European producers sold volumes to their traditional domestic and regional markets despite the slow demand during the summer. For instance, PhosAgro shipped about 150,000 tonnes of DAP/MAP/NP/NPK to the domestic and regional markets in September. Other suppliers concluded cargoes to nearby markets to take advantage of freight, especially as demand west of the Suez has been low.
Phosphates demand for the third quarter was down from other quarters, as buyers were slow in making purchases. The adverse weather during spring application has pushed purchases back and imports during the summer were low. Suppliers preferred to ship product to other regions with higher demand apart from Russia and nearby markets, where demand was strong. European phosphates demand is expected to pick up in the fourth quarter when most countries will return to the market for next spring.
US
In the US this quarter saw less of the weather and logistical issues. This allowed for a steady uptick in barge movement and placement of domestically produced volumes, which upped the inventory at hand at terminals and further inland. While values wavered and discouraged a greater rise in imports, there was more volumes coming in as regular shipments have continued on course.
In the US this quarter saw less of the weather and logistical issues. This allowed for a steady uptick in barge movement and placement of domestically produced volumes, which upped the inventory at hand at terminals and further inland. While values wavered and discouraged a greater rise in imports, there was more volumes coming in as regular shipments have continued on course.
Phosphate fertilizers news and market information products from ICIS
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