Table of contents

Strategic Implications .........................................................................................................8

Section 1: Market Analysis and Outlook ................................................................................. 12

Chapter 1: Phosphate Demand ............................................................................................ 12

Chapter 2: Phosphate Rock and Phosphate Fertilizers ............................................................... 21

2.1 Phosphate Rock Changes and Developments ...................................................................... 21
2.1 Implications for Phosphate Fertilizers ............................................................................. 23
2.1.1 Ammonium Phosphates ......................................................................................... 23
2.1.2 Nitrophosphates ................................................................................................. 25
2.1.3 Superphosphates ................................................................................................ 26
2.1.4 Direct Application Rock ........................................................................................ 27

Chapter 3: Phosphoric Acid ................................................................................................ 28

3.1 The Outlook for Phosphoric Acid.................................................................................... 37
3.2 Main Conclusions ...................................................................................................... 40

Chapter 4: Triple Superphosphate ....................................................................................... 41

4.1 The International Industry ........................................................................................... 41
4.1.1 Triple Superphosphate Capacity .............................................................................. 42
4.1.2 TSP Production .................................................................................................. 48
4.2 Trade in Triple Superphosphate .................................................................................... 50
4.3 The Outlook for Triple Superphosphate ........................................................................... 55
4.4 Main Conclusions ...................................................................................................... 57

Chapter 5: Single superphosphate ........................................................................................ 58

Chapter 6: Minor Phosphate Fertilizers ................................................................................. 75

6.1 Calcium Phosphates ............................................................................................... 75
6.2 Guano ............................................................................................................... 75
6.3 Fused Magnesium Phosphate ..................................................................................... 76
6.4 Unacidulated Phosphate Rock ................................................................................... 79

Chapter 7: Ammonium Phosphates ....................................................................................... 82

7.1 The Ammonium Phosphates Industry ............................................................................... 82
7.1.1 Introduction ...................................................................................................... 82
7.1.2 Europe ............................................................................................................ 86

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Table of contents

7.1.3 Africa ............................................................................................................. 87

7.1.4 US.................................................................................................................. 89
7.1.5 Latin America .................................................................................................... 92
7.1.6 Saudi Arabia ...................................................................................................... 93
7.1.7 Indian subcontinent ............................................................................................. 94
7.1.8 China .............................................................................................................. 97
7.1.9 Oceania .......................................................................................................... 103
7.2 Trade in Ammonium Phosphates ................................................................................... 104
7.3 Outlook for Ammonium Phosphates ............................................................................... 120
7.4 Main Conclusions ..................................................................................................... 128

Section 2: Outlook for Processed Phosphate Prices ................................................................. 129

Chapter 1: Diammonium Phosphate Prices ........................................................................... 129

1.1 Current Situation..................................................................................................... 129
1.2 Market Fundamentals and Price Outlook ......................................................................... 135

Chapter 2: Monoammonium Phosphates ............................................................................... 144

Chapter 3: TSP ............................................................................................................. 148

Chapter 4: SSP .............................................................................................................. 151

Chapter 5: Phosphoric Acid .............................................................................................. 153

Appendices .................................................................................................................. 156

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