2025년 12월 종료 분기
북아메리카
• 미국에서, 인산(인산) 가격 지수는 4.62% 분기 대비 상승했으며, 비료에 의해 주도되었다.
• 해당 분기의 인산(Phosphoric Acid) 평균 가격은 약 USD 1042.67/MT였으며, 안정적인 균형을 반영하였다.
• 인산(인산) 스팟 가격 움직임은 재고의 균형과 안정적인 국내 생산으로 인해 둔화되었다.
• 인산 가격 전망은 비료 재고 보충과 제한된 수입 유연성에 의해 촉진된 완만한 상승을 예상한다.
• 인산산 demand 전망은 비료, 배터리 및 식품 등급 부문이 가격 지수의 회복력을 지지하면서 건설적입니다.
• 인산 가격 지수 상승은 공급 원료의 부족, 배분 및 수출 수요의 반영으로 프리미엄을 지지하고 있다.
• 주요 미국 생산자들은 거의 정상 수준으로 운영하여 공급을 충분히 유지했고, 유통업체들은 보수적인 재고를 유지했다.
2025년 12월 북아메리카에서 인산의 가격이 왜 변했나요?
• 타이트한 인산암석 선적과 선택적 생산자 배분이 이용 가능한 즉시 공급량을 감소시켜 가격 강세를 지지하였다.
• 계절적 농업 재고 보충과 강한 비료 마진이 수요를 높였으며, 12월 기간 동안 더 강한 수요를 뒷받침하였다.
• 황 및 운임 비용 완화는 생산 비용 압력을 완화했고, 원활한 물류는 이번 분기 공급 차질을 방지했다.
아시아태평양
• 대한민국에서, 인산 가격 지수는 3.31% 분기 대비 상승했으며, 이는 더 높은 수입 도착 비용에 의해 촉진되었다.
• 해당 분기 평균 인산 가격은 제공된 집계에 따라 약 USD 1019.67/MT였다.
• 인산(Phosphoric Acid) 스팟 가격은 규율 있는 공급자 배분이 소포 가용성을 제한함에 따라 견고하게 유지되었으며, 거래 경쟁을 지지하였다.
• 인산 가격 전망은 지역 수요가 다소 증가함에 따라 재고 보충과 비료 구매가 약간 증가하면서 겨울까지 완만한 상승을 나타낸다.
• 인산 생산 비용 추세는 더 높은 황 및 원료 비용으로 인해 상승하여 수입 균등 가격과 판매자 마진에 압력을 가하고 있다.
• 인산수요 전망은 배터리 전구체 수요 증가와 설날을 앞둔 식품 산업 재고 확보에 힘입어 계속 긍정적이다.
• 인산 가격 지수는 균형 잡힌 재고와 일관된 해상 유입에 힘입어 지속적인 강세 추세를 신호한다.
• 수입 의존도와 편안한 부산 재고가 변동성을 완화했으며 반도체와 비료 수요가 상승하는 가격 압력을 유지했다.
2025년 12월에 APAC에서 인산의 가격이 왜 변했나요?
• 상승된 착륙 수입 비용과 더 높은 황 함유 원료 비용이 수입 균형을 높였으며, 국내 가격 수준을 상승시켰다.
• 안정적인 해상 도착과 풍부한 항구 재고가 급증을 제한하여 시장이 갑작스러운 부족 사태에 대해 견고하게 유지되도록 했다.
배터리, 식품 및 비료 부문의 일관된 수요와 규율 있는 배분이 지속되어 강한 거래 제안을 유지하였다.
유럽
• 독일에서, 인산 가격 지수는 5.69% 분기 대비 상승했으며, 이는 더 강한 수요에 의해 지지받았다.
• 분기 평균 인산 가격은 지역 거래를 기준으로 약 USD 1311.67/MT였다.
• Spot availability tightened, influencing Phosphoric Acid Spot Price and prompting selective supplier allocations across markets.
• Supplier coordination and elevated import parity underpinned the Phosphoric Acid Price Forecast for near-term firmness.
• Stable energy and rock-feed pricing tempered the Phosphoric Acid Production Cost Trend despite stronger demand.
• Fertiliser blender restocking and industrial consumption strengthened the Phosphoric Acid Demand Outlook through Q4 period.
• Inventories at ports remained adequate but spot cargoes tightened the Phosphoric Acid Price Index momentum.
• Major producer discipline limited spot volumes, supporting sustained bullish signals for Phosphoric Acid pricing dynamics.
Why did the price of Phosphoric Acid change in December 2025 in Europe?
• Front-loading by fertiliser blenders increased immediate demand, tightening availability and lifting offers across Germany materially.
• Higher import parity and freight surcharges from North Africa increased costs, supporting sellers' pricing power.
• Regulatory uncertainty and quality-driven procurement for low-cadmium material accelerated purchases, reducing prompt market supply levels.
MEA
• In Morocco, the Phosphoric Acid Price Index rose by 4.74% quarter-over-quarter, driven by export demand.
• The average Phosphoric Acid price for the quarter was approximately USD 1215.00/MT, supporting stable volumes.
• OCP’s disciplined output kept spot allocations steady, restraining Phosphoric Acid Spot Price volatility this quarter.
• Comfortable inventories moderated the Phosphoric Acid Price Index, reducing urgency for opportunistic short-term spot purchases.
• Stable sulphur and energy inputs supported the Phosphoric Acid Production Cost Trend, limiting input-driven spikes.
• Steady fertilizer procurement shaped the Phosphoric Acid Demand Outlook, with contract nominations outweighing spot enquiry.
• Shipping schedules and year-end restocking influenced the short-term Phosphoric Acid Price Forecast toward modest short-term gains.
• Jorf Lasfar and Safi operating rates underpinned the Phosphoric Acid Price Index and export reliability.
Why did the price of Phosphoric Acid change in December 2025 in MEA?
• Export timings and contract settlements limited spot availability, supporting modest upward pressure during December month.
• Stable sulphur and energy inputs constrained production cost inflation, preventing acid price escalation in December.
• Holiday logistics and buyer caution softened immediate demand, keeping Phosphoric Acid prices range-bound during year-end.
For the Quarter Ending September 2025
North America
• In USA, the Phosphoric Acid Price Index rose by 1.25% quarter-over-quarter, reflecting disciplined supplier pricing.
• The average Phosphoric Acid price for the quarter was approximately USD 996.67/MT DEL-Florida, per regional reporting.
• Phosphoric Acid Spot Price remained subdued as inland logistics and muted downstream buying limited volumes.
• Phosphoric Acid Price Forecast shows upside risks amid autumn fertilizer restocking and constrained import availability.
• Phosphoric Acid Production Cost Trend was neutral as stable Sulphur and energy inputs restrained pass-throughs.
• Phosphoric Acid Demand Outlook remains weak with farmer affordability pressures and pre-covered fall fertilizer positions.
• Phosphoric Acid Price Index stability reflected balanced inventories, muted export inquiries, and steady domestic rates.
• Major producers operated at normal rates, while inventory discipline and cautious export demand limited acceleration.
Why did the price of Phosphoric Acid change in September 2025 in North America?
• Domestic supply relied on steady production, while import restrictions reduced downstream material flexibility, tempering buying.
• Stable Sulphur and energy costs restrained cost pressures, while rail congestion and holiday slowdowns affected deliveries.
• Muting downstream DAP/MAP demand and pre-covered contracts reduced spot procurement, keeping price movements limited overall.
APAC
• In South Korea, the Phosphoric Acid Price Index rose by 0.75% quarter-over-quarter, reflecting tighter Chinese exports.
• The average Phosphoric Acid price for the quarter was approximately USD 987.00/MT CFR-Busan, reflecting stable import flows.
• Phosphoric Acid Spot Price showed limited volatility amid steady import flows and balanced consumer demand.
• Phosphoric Acid Price Forecast indicates upside risks driven by seasonal restocking and constrained export volumes.
• Phosphoric Acid Production Cost Trend remains under pressure from elevated yellow phosphorus feedstock and freight.
• Phosphoric Acid Demand Outlook stays stable for food and industrial sectors, supporting offtake and procurement.
• Phosphoric Acid Price Index movements were modest, constrained by port operations and cautious distributor behaviour.
• Inventory and export demand impacts remained contained as importers frontloaded shipments ahead of Chuseok disruptions.
Why did the price of Phosphoric Acid change in September 2025 in APAC?
• Chinese export discipline and reduced PPA output tightened physical availability, prompting Korean buyers to restock.
• Elevated yellow phosphorus feedstock costs increased replacement cost pressure on producers, supporting firmer landed pricing.
• Logistics stability reduced volatility, while procurement caution around Chuseok generated temporary demand timing imbalances locally.
Europe
• In Germany, the Phosphoric Acid Price Index rose by 12.58% quarter-over-quarter, reflecting supplier buildup and seasonal fertilizer demand.
• The average Phosphoric Acid price for the quarter was approximately USD 1241/MT FD-Hamburg, supported by steady imports and contract volumes.
• Phosphoric Acid Spot Price remained range bound as distributors prioritized contract coverage over opportunistic buying activity.
• Phosphoric Acid Price Forecast indicates upside risk from freight surcharges and seasonal fertilizer application demands.
• Phosphoric Acid Production Cost Trend eased as sulphuric volumes increased, lowering upstream cost pressure industrywide.
• Phosphoric Acid Demand Outlook remains cautious fertilizer blenders draw volumes while industrial demand stays muted.
• Phosphoric Acid Price Index volatility moderated due to steady Moroccan shipments and disciplined seller pricing.
• Terminal inventories remained comfortable, limiting spot tightness while scheduled exports ensured availability and market equilibrium.
Why did the price of Phosphoric Acid change in September 2025 in Europe?
• Seasonal fertilizer buying and supplier long-build increased procurement demand, pushing prices higher in September 2025
• Import continuity from Morocco eased supply concerns, while freight surcharges and transport premiums raised costs
• Stable feedstock costs and routine plant run rates maintained output, while buyer caution limited spot purchasing
MEA
• In Morocco, the Phosphoric Acid Price Index rose by 2.57% quarter-over-quarter, reflecting steady export demand conditions.
• The average Phosphoric Acid price for the quarter was approximately USD 931.00/MT FOB-Casablanca and remained range-bound throughout.
• Phosphoric Acid Spot Price showed limited weekly movement, with FOB Casablanca holding steady amid balanced supply.
• Phosphoric Acid Price Forecast indicates modest upward risk near-term, driven by sustained fertilizer trade into India.
• Phosphoric Acid Production Cost Trend remained flat as sulphur availability and electricity tariffs exerted cost pressure.
• Phosphoric Acid Demand Outlook is constructive for autumn sowing, supporting fertilizer-grade offtake and consistent domestic blending.
• Inventory accumulation and recent cargoes increased availability, tempering Phosphoric Acid Price Index upward momentum into September.
• Operational reliability at Jorf Lasfar and debottlenecking modules kept volumes firm, supporting steady export-focused pricing momentum.
• Logistical smoothness and lack of outages prevented disruption, keeping the Phosphoric Acid Price Index relatively muted.
Why did the price of Phosphoric Acid change in September 2025 in MEA?
• Improved export demand and steady fertilizer purchasing increased offtake, pushing quarter-end pricing modestly higher in September.
• Abundant upstream supply, debottlenecked capacity and high inventories contrasted demand, creating downward pressure during late September.
• Smooth port operations and uninterrupted sulphur inflows limited cost shocks, stabilizing market and price movements thereby.
For the Quarter Ending June 2025
North America (USA)
• The Spot Price for Phosphoric Acid in the US declined 1.0% Q-o-Q in Q2 2025, reflecting a softer Price Index and tepid buying sentiment.
• Supply remained sufficient, with steady domestic production and modest import inflows maintaining balance across the region.
• Production Cost Trend eased slightly as Ammonia prices stabilized and logistical costs moderated.
• The Demand Outlook was muted, with subdued activity in agrochemical blending and reduced industrial applications during the quarter.
• Weak export demand and cautious procurement by domestic formulators limited any potential upside in pricing during Q2.
Why did the price of Phosphoric Acid change in July 2025 in the US?
• Phosphoric Acid prices stable in July 2025, aided by modest restocking from downstream agrochemical manufacturers.
• Producers kept offers stable, supported by stable raw material costs amid tightening warehouse space.
• Seasonal planning in fertilizers prompted buyers to re-enter the market ahead of fall applications.
• Logistical normalization across the Gulf helped improve delivery efficiency, prompting selective price stability by suppliers.
Europe
• The Spot Price in Europe rose by approximately 3.6% Q-o-Q in Q2 2025, driven by persistent procurement and limited import competition.
• Supply conditions remained slightly strained as Middle Eastern cargoes faced port clearance delays, tightening availability.
• The Production Cost Trend increased marginally due to higher energy charges and stronger sulphur input values.
• The Demand Outlook was constructive, with solid performance from food-grade and industrial phosphates sectors.
• A firmer Euro and rebounding regional manufacturing sentiment added pricing leverage for local suppliers.
Why did the price of Phosphoric Acid change in July 2025 in Europe?
• Phosphoric Acid prices climbed further in July 2025, reflecting elevated supplier confidence amid limited overseas inflows.
• Buyers sought to secure volumes early, fearing further logistical disruptions in Q3.
• Firm upstream Sulphuric Acid values and cautious export allocations from key origins supported a bullish tone.
• Stable regional consumption in food processing and detergents allowed suppliers to maintain higher offer levels.
APAC
• The Spot Price of Phosphoric Acid remained largely stable Q-o-Q in Q2 2025, with consistent trade activity across major hubs.
• The Production Cost Trend stayed rangebound amid soft phosphate rock and sulphur prices.
• The Demand Outlook was balanced, with steady interest from fertilizer blenders and detergent manufacturers.
• Competitive pricing among regional suppliers kept the overall market tone neutral.
Why did the price of Phosphoric Acid change in July 2025 in APAC?
• Phosphoric Acid prices remained stable in July 2025, supported by a balance between supply availability and steady procurement.
• Minor fluctuations in import prices were absorbed by traders, maintaining a narrow price band.
• Ongoing negotiations for long-term contracts capped speculative buying, keeping pricing discipline intact.
• Despite modest pressure from upstream logistics, no major supply shocks were observed, supporting a stable outlook.
Middle East & Africa
• Phosphoric Acid prices rose by 1.6% QoQ in Q2 2025, supported by seasonal demand from fertilizer producers and reduced regional inventories.
• The upstream cost environment remained steady; however, firm demand from the agrochemical segment encouraged upward price adjustments across the region.
• Procurement activity picked up in April and May, driven by restocking from key buyers from Morocco towards India and Pakistan.
• Suppliers focused on strategic shipments and margin preservation, keeping prices elevated despite minimal change in production or freight dynamics.
Why did the price of Phosphoric Acid change in July 2025 in MEA?
• Phosphoric Acid prices remained stable in the MEA region, with suppliers maintaining offers as seasonal demand persisted and buyers continued cautious inventory management.
• Export volumes to South Asia and Africa remained firm, yet balanced regional availability prevented upward pressure on local spot offers from North African producers.
• Despite limited competition, stable feedstock trends and measured contract negotiations led sellers to prioritize market share over short-term gains.
• The agrochemical sector continued to show resilience, with steady demand for fertilizer blending and phosphate-based formulations supporting price consistency across key consumption zones.
For the Quarter Ending March 2025
North America
Phosphoric acid prices in the U.S. have seen a slight quarter-over-quarter increase, driven by a balance between stable supply conditions and moderate demand growth. Throughout the quarter, supply remained consistent despite ongoing logistical challenges, including port congestion and freight delays. However, manufacturers, including key players like Mosaic, managed production schedules effectively, ensuring product availability during periods of peak demand, particularly as the spring planting season approached.
Demand saw a gradual uptick as agricultural activities ramped up, particularly for crops such as corn and soybeans, which require phosphorus-based fertilizers. The early preparations for the planting season in the U.S. contributed to steady demand, with farmers and distributors securing materials in anticipation of higher consumption in the coming months.
Despite some pressure on supply chains, including rising logistics costs and potential tariffs, the market experienced minimal disruption. This allowed suppliers to maintain a steady flow of phosphoric acid, aligning with the needs of the agricultural sector. While the fertilizer market showed signs of growth, the overall market sentiment remained cautious, anticipating continued stability without major fluctuations in the near term.
APAC
In the first quarter of 2025, the phosphoric acid market in China saw a slight decline in prices, reflecting a 1.59% decrease compared to the previous quarter. This trend was primarily driven by moderate fluctuations in supply and demand dynamics. The market experienced stability in the early part of the quarter, supported by steady manufacturing activities and cautious demand from downstream sectors. However, challenges such as limited availability of upstream yellow phosphorus and port congestion in key Asian hubs contributed to cost pressures, which eventually led to price increases early in the quarter. Despite these factors, the demand for phosphoric acid remained relatively subdued, with cautious buyer sentiment prevailing across key sectors, including fertilizers and food processing. While agricultural activity supported a steady demand for fertilizers, the overall market sentiment was influenced by broader economic uncertainties, leading to restrained purchasing behavior. As the quarter progressed, suppliers adopted cautious inventory management strategies, preventing oversupply and maintaining a balance between supply and demand. Overall, the market's minor decline in prices can be attributed to the combination of moderate supply levels, seasonal demand adjustments, and logistical challenges. Despite fluctuations, the market maintained relative stability, with prices remaining under control barring any significant supply disruptions or shifts in demand.
Europe
The European Phosphoric Acid market experienced a slight decline in prices over the first quarter of 2025, with a 0.99% decrease compared to the previous quarter. This reduction in pricing was primarily driven by stable supply levels, which were supported by consistent imports from Morocco despite ongoing logistical challenges. Importantly, the steady availability of product ensured minimal disruptions, and manufacturers maintained balanced inventories.
From a manufacturing perspective, European producers managed to navigate operational setbacks, including port congestion and labor disputes at key hubs such as Hamburg and Antwerp. While these disruptions posed some logistical challenges, they did not significantly impact the flow of phosphoric acid. Reduced freight rates helped to offset some of the transportation costs, though ongoing port strikes and labor tensions continued to affect delivery schedules.
Demand remained consistent, driven mainly by the fertilizer sector, particularly in preparation for the spring planting season. However, caution prevailed among agricultural buyers due to concerns over rising input costs and potential import tariffs on Russian fertilizers. This cautious sentiment contributed to a steady but restrained demand for phosphoric acid. Overall, the market's slight price decline was a result of stable supply, coupled with moderate demand conditions, reflecting the ongoing challenges in the broader economic environment.
MEA
In the first quarter of 2025, the phosphoric acid market in Morocco experienced a modest decline in prices compared to the previous quarter. This decrease was driven by a combination of factors, including steady domestic demand and consistent export activity, which helped maintain overall supply levels. The local agricultural sector, particularly in preparation for the winter wheat planting season, showed stable demand, while exports remained strong, especially to key markets in India, Pakistan, and the EU. Despite seasonal fluctuations, export volumes from Jorf Lasfar continued to perform well, with an increase in shipments compared to the same period last year. However, global demand for phosphoric acid remained somewhat subdued, reflecting cautious purchasing behavior from overseas markets due to slower fertilizer application cycles. This moderated demand combined with a stable supply chain from domestic producers helped prevent significant price hikes. The overall market conditions were characterized by reliable supplier performance and smooth export operations, ensuring sufficient availability of phosphoric acid for both local and international needs. Though the market saw a slight decrease in prices, the supply-demand dynamics remained balanced, and the outlook for the coming months is expected to remain stable with no major disruptions anticipated.
