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Updated to Q3 2019
With the logistics difficulties over the spring season, there is less supply currently in place. This will prompt an uptick in positioning of volumes during the upcoming quarter, especially if refill interest picks up in the coming weeks. Imports are anticipated to increase, especially if values for New Orleans-bound vessels become more attractive as the market sees more forward activity.
The upcoming period will see demand steadily increase after it dropped during the spring period, with farmers and retailers trying to end the season on an uptick. Growers will attempt to capture lost inputs and boost crop growth while retailers prepare for refill buying later in the summer. Lessening of logistical issues on the river is seen as benefitting improved demand as well.
During the third quarter phosphates supply is expected to be stable, as producers focus on regions with more demand. However, product from traditional sources Russia and North Africa will keep arriving, as buyers have not bought enough volumes in the previous quarters. Producers will be looking to place product to get ready for the next season.
Demand for phosphates is expected to be strong, as purchases have been down so far this year following the continued adverse weather. Buyers need to make purchases for the next campaign and to refill stocks in storage. Demand is expected to pick up towards the end of the quarter, when buyers return to the market.
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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ICIS price assessments are based on information gathered from a wide cross section of the market, comprising consumers, producers, traders and distributors. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments, giving you a robust reference for your negotiations.
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