

Phosphates
Overview
The global phosphates market has witnessed increasing volatility, in response to military conflicts, political tensions and changing market dynamics. Price fluctuations have continued to buffet the market, with increasing demand from south and Southeast Asia the main regions driving consumption growth. Rising raw material prices and improved affordability have lifted prices once again.
Phosphates' usage is also not solely limited to fertilizers. Battery-material suppliers are increasingly seeking to source phosphate rock and specialty phosphates-based products to meet the rapidly rising demand for lithium-iron-phosphate batteries for electric vehicle production.
Our extensive phosphates coverage includes DAP, MAP, TSP and SSP, as well as raw materials phosphate rock and phosphoric acid, with assessments also spanning feed products MCP and DCP. Argus has many decades of experience covering the phosphates market and incorporate our multi-commodity market expertise in key areas including sulphur and ammonia to provide the full market narrative.
Argus support market participants with:
- Daily and weekly phosphates price assessments, proprietary data and market commentary
- Short and medium to long-term forecasting, modelling and analysis of processed phosphate and phosphate rock prices, supply, demand, trade and projects
- Bespoke consulting project support
Latest phosphate news
Browse the latest market moving news on the global phosphate industry.
Nepal’s KSCL opens DAP offers
Nepal’s KSCL opens DAP offers
London, 2 June (Argus) — Nepalese fertilizer distributor KSCL received two offers at $899/t and $903/t cip in its tender to buy 30,000t of DAP, which closed on 23 May. Aditya Birla gave the lowest offer — Sun International submitted the other offer. KSCL asked for the DAP to be delivered to its warehouses within 107 days from opening the letter of credit in the following split: Birgunj: 11,500t Biratnagar: 8,500t Bhairahawa: 10,000t The prices are significantly up from offers at $859.90-865.50/t cip in KSCL's 20 May tender, which also sought to buy 30,000t of DAP. KSCL has not yet awarded either its 20 May or 23 May tender. By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Nepal’s KSCL opens DAP offers
Nepal’s KSCL opens DAP offers
London, 28 May (Argus) — KSCL received two offers at $859.90/t cip and $865.50/t cip in its tender to buy 30,000t of DAP, which closed on 20 May. Aditya Birla offered lowest. Sun International gave the other offer. KSCL wants the product to be delivered to its warehouses within 107 days from opening the letter of credit in the following split: 11,500t to Birgunj 8,500t to Biratnagar 10,000t to Bhairahawa The prices are slightly up compared with offers ranging $855-858/t cip to fellow importer STCL's 11 April tender to buy 32,500t of DAP. By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Polish fertilizer output falls to 10-month low in April
Polish fertilizer output falls to 10-month low in April
London, 27 May (Argus) — Polish fertilizer production fell to its lowest monthly level in 10 months in April on the back of low nitrogen production, figures released by statistics office GUS show. Nitrogen, phosphate and potash output on a nutrient basis reached a combined 181,500t in April, a decline by 4pc on the year and by 19pc on the month, according to GUS data. Despite the weak April, overall year-to-date nutrient volumes remained 8pc up on the year at 809,000t. In April the decline in output was mainly caused by a slump in nitrogen production, which fell by 12pc on the year and by 19pc on the month to 136,600t. Two nitrogen plants, Anwil's Wloclawek and Grupa Azoty's Tarnow plant, reported outages in April, with the Anwil outage continuing until 20 May. Anwil's parent company Orlen said last week its expansion of Anwil's nitrogen production capacity by 40pc — about 495,000t/yr — to a total of nearly 1.5mn t/yr has not yet been commissioned, with the start of full capacity currently expected in summer this year. Grupa Azoty, Poland's largest fertilizer manufacturer, continues to have parts of its operations affected by shutdowns, according to its Remit notices issued within the EU's market transparency regulations. The company's NPK-specialist plant in Police in northwest Poland is undergoing a "balancing shutdown", reducing its capacity by about one third from 10 May until the end of this month. Azoty's plant in Tarnow, which has been operating at a reduced rate for several months, will fully shut its production for planned maintenance in the first three weeks of June. And Azoty's plant I Kedzierzyn is planning a maintenance shutdown between 24 August and 18 September. By Tomasz Stepien Polish fertilizer output (per nutrient) Apr-25 ±% April -24 Nitrogen 137 -12 Phosphate 20 -3 Potash 25 73 Source: Gus Poland fertilizer output.pdf Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
India’s IPL buys Saudi Arabian DAP
India’s IPL buys Saudi Arabian DAP
London, 23 May (Argus) — Indian fertilizer importer IPL has bought 90,000t of DAP from Saudi Arabian producer Ma'aden at $737-738/t cfr for shipment in June. The product will be shipped in two cargoes. The price is likely to net back to the high $720s/t fob Ras al-Khair. It is broadly in line with Ma'aden's latest sales to India. Ma'aden sold three DAP cargoes totalling 135,000t to fellow Indian importers at around $738/t cfr earlier this week, all for shipment in June. It sold 45,000t of DAP to one importer, 40,000t to Kribhco, and 50,000t to another importer. The latest sale to IPL brings Ma'aden's total sales to India this week to 225,000t. The producer also sold 120,000t of DAP to Ethiopia under EABC's 13 May tender. By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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Spotlight content
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China’s PPA Market: Growing non-fertilizer demand, forecast & new price assessments
This paper analyses purified phosphoric acid (PPA) demand, production processes and grades, influence of the battery metals/LFP sector, forecasts - and introduces Argus' new China PPA price assessments
Podcast - 30/04/25Fertilizer Matters Ep30: US Fertilizer Markets are Tariff-ied
Insight papers - 03/04/25Low DAP stocks in India and challenging affordability hurdles prompt launch of new price forecast
Concise market insight paper analysing India's DAP market and pricing risk as well as a new price forecast from Argus
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