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Updated to Q2 2019
US
In the US as more activities emerge during the upcoming quarter for the spring season the amount of supply is expected to also increase. This lift will come mainly from an uptick in import cargos. Vessels bound for New Orleans are expected to rise during the period, especially if values remain favourable compared to the global markets.
The upcoming period will see demand steadily increase as farmers fully engage in spring plantings and applications for the season. The uptick in demand that will be present across the US, will certainly be seen in those regions where winter weather and late harvest cut the amount of fall applications. Phosphate values are still viewed as favourable despite crop prices still remaining under pressure.
Europe
In the second quarter supply to Europe is expected to remain stable for phosphates. Russian producers are focusing on nearby markets where netbacks are better and while they wait for international demand to kick in. Producers from North Africa, like OCP, will continue to supply the continent, with supply from GCT being erratic with a few production problems.
European phosphates demand is expected to increase in the second quarter, as buyers need to make purchases for the upcoming season. So far, purchases have been sporadic due to the adverse weather and requirements are covered so far. However, as the weather improves and logistics become easier we expect to see more shipments to the continent.
Phosphate fertilizers news and market information products from ICIS
We offer the following regional Phosphate fertilizers analysis and news coverage to keep you informed of factors and developments affecting prices in the Europe & US Phosphate fertilizers marketplace.
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