Views: 11 Author: Site Editor Publish Time: 2022-03-04 Origin: Site
The Russian invasion of Ukraine has brought the global phosphate market to a standstill, the market participants reassessing the impact of the action on the market. The conflict has halted ammonia exports from Ukraine, there are about 200,000 t/month from Pivdenny, will affect phosphate producers, especially in Morocco and Tunisia, and unbalance the global supply of the raw material.
OCP settled the phosphoric acid contract at $1,530/t P2O5 CFR India in the first quarter,it increased with $200/t than the previous price. Most sellers (producers and trading companies) withdrew their offers today.The trading price of DAP/MAP in Argentina is $930-940/t CFR. In Brazil, DAP/MAP was traded at $900-920/t CFR this week and quoted at $925-935/t CFR. In India, DAP sales and offers were at $920-925/t cfr this week,the price is a little higher than $917-923/t CFR.
The supply of phosphate is expected to be tight
Threats of sanctions against Russian companies, soaring raw materials and soaring urea levels will boost phosphate prices in the near term. China can ease supply pressures, but Chinese producers are still largely inactive for now.
