For the Quarter Ending March 2026
Phosphoric Acid Prices in North America
- In USA, the Phosphoric Acid Price Index rose by 7.83% quarter-over-quarter, driven by export-demand and sulphur
- The average Phosphoric Acid price for the quarter was approximately USD 1124.33/MT, reflecting stable supply fundamentals
- Phosphoric Acid Spot Price reflected limited spot availability as Gulf inventories tightened amid firmer export enquiries
- Phosphoric Acid Price Forecast remains bullish near-term as spring procurement and export flows sustain upward pressure
- Phosphoric Acid Production Cost Trend tightened as modest sulphur price increases transmitted into wet-process operating expense
- Phosphoric Acid Demand Outlook is steady with fertilizer blenders completing pre-season purchases and industrial demand routine
- Phosphoric Acid Price Index stability in quarter gave way to sharp mid-March gains on supply disruption
- Minimal domestic maintenance kept plants online, supporting normal throughput while exporters tightened offers, lifting market tension
Why did the price of Phosphoric Acid change in March 2026 in North America?
- Export disruptions and Hormuz transit constraints reduced available spot cargoes, tightening domestic supply and raising offers
- Slightly higher sulphuric acid costs and elevated freight insurance premiums increased production and delivered replacement cost
- Buyers adopted hand-to-mouth procurement; pre-season buying completed, reducing immediate demand and supporting stable-to-firmer pricing near-term upside
Phosphoric Acid Prices in APAC
- In South Korea, Phosphoric Acid Price Index rose 7.98% quarter-over-quarter, driven by freight and feedstock
- The average Phosphoric Acid price for the quarter was approximately USD 1101.00/MT, per CFR-Busan assessments
- Phosphoric Acid Spot Price showed intermittent tightness amid selective allocations, keeping the Price Index supported
- Phosphoric Acid Price Forecast signals modest gains as Production Cost Trend remains elevated from sulphur
- Phosphoric Acid Demand Outlook remains constructive driven by battery precursor and beverage-sector growth supporting procurement
- Export enquiries, constrained spot allocations tightened inventories, lifting the Phosphoric Acid Price Index and premiums
- Major producers prioritised contracted volumes, limiting spot sales and supporting Phosphoric Acid Spot Price levels
- Rising freight rates and sulphur costs elevated landed costs, sustaining Phosphoric Acid Production Cost Trend
Why did the price of Phosphoric Acid change in March 2026 in APAC?
- Chinese export offers and shipping delays tightened availability, lifting the March Phosphoric Acid Price Index
- Elevated sulphuric acid and freight costs raised import replacement values, increasing landed costs and offers
- Strong lithium-battery and beverage demand increased buying while intermittent arrivals reduced inventories, supporting March gains
Phosphoric Acid Prices in Europe
- In Germany, the Phosphoric Acid Price Index rose by 11.69% quarter-over-quarter, driven by feedstock pressure.
- The average Phosphoric Acid price for the quarter was approximately USD 1465/MT, based on Hamburg
- Phosphoric Acid Spot Price remained range-bound while the Price Index showed bias amid limited liquidity
- Phosphoric Acid Production Cost Trend strengthened with higher sulphuric acid and freight costs pressuring margins
- Phosphoric Acid Demand Outlook remains steady; fertilizer and specialty sectors maintain routine offtake through Q1
- Phosphoric Acid Price Forecast indicates modest near-term gains ahead of spring blending before summer softening
- Phosphoric Acid Price Index strength reflected comfortable inventories and steady exports to Poland and Austria
- Major German producers operated normally; smooth Hamburg port operations and Moroccan imports prevented supply disruptions
Why did the price of Phosphoric Acid change in March 2026 in Europe?
- Normal plant operations, steady Moroccan imports kept supply, limiting upward price movement despite feedstock costs
- Higher sulphuric acid and freight costs raised production expenses while geopolitical risk elevated insurance premiums
- Buyers limited spot purchases, relying on contracts and inventories, reducing liquidity muting upward price pressure
Phosphoric Acid Prices in MEA
- In Morocco, the Phosphoric Acid Price Index rose by 8.57% quarter-over-quarter on constrained feedstock and export demand.
- The average Phosphoric Acid price for the quarter was approximately USD 1034.33/MT.
- Phosphoric Acid Spot Price momentum reflected tighter sulphur supply supporting seller confidence and limiting spot liquidity.
- Phosphoric Acid Price Forecast indicates near-term firmness as spring procurement sustains export pull from Morocco's ports.
- Phosphoric Acid Production Cost Trend shows elevation from higher freight and sulphur premiums amid shipping risks.
- Phosphoric Acid Demand Outlook remains constructive with term liftings to India EU and Brazil supporting export volumes.
- Moroccan supply inventories and the Phosphoric Acid Price Index stability reflect debottlenecking gains and seller offers.
- Operational continuity at Jorf Lasfar and Safi complexes limited disruptions keeping export availability aligned with obligations.
Why did the price of Phosphoric Acid change in March 2026 in MEA?
- Escalating Middle East tensions disrupted sulfur flows increasing transit times and elevating production feedstock costs.
- Stronger export procurement ahead of spring application tightened prompt availability and incentivised higher FOB offers.
- Elevated freight and insurance premiums amplified landed costs prompting sellers to maintain firmer pricing discipline.
For the Quarter Ending December 2025
North America
- In the USA, the Phosphoric Acid Price Index rose by 4.62% quarter-over-quarter, driven by fertilizer.
- The average Phosphoric Acid price for the quarter was approximately USD 1042.67/MT, reflecting stable balance.
- Phosphoric Acid Spot Price movements were muted due to balanced inventories and steady domestic production.
- Phosphoric Acid Price Forecast anticipates modest upside driven by fertilizer restocking and constrained import flexibility.
- Phosphoric Acid Demand Outlook constructive with fertilizer, battery and food-grade sectors supporting Price Index resilience.
- Phosphoric Acid Price Index gains reflected tight feedstock availability, allocations and export demand supporting premiums.
- Major U.S. producers operated near normal rates, keeping supply adequate while distributors held conservative inventories.
Why did the price of Phosphoric Acid change in December 2025 in NorthAmerica?
- Tight phosphate rock shipments and selective producer allocations reduced available spot volumes, supporting price firmness.
- Seasonal agricultural restocking and robust fertilizer margins raised offtake, underpinning stronger demand through December period.
- Easing sulfur and freight costs moderated production-cost pressures, while smooth logistics prevented supply disruptions this quarter.
APAC
- In South Korea, the Phosphoric Acid Price Index rose by 3.31% quarter-over-quarter, driven by higher import landed costs.
- The average Phosphoric Acid price for the quarter was approximately USD 1019.67/MT, per provided aggregation.
- Phosphoric Acid Spot Price remained firm as disciplined supplier allocations limited parcel availability, supporting transactional competition.
- Phosphoric Acid Price Forecast indicates modest upside into winter as restocking and fertilizer procurement mildly increase regional demand.
- Phosphoric Acid Production Cost Trend rose due to higher sulfur and feedstock expenses, pressuring import parity and seller margins.
- Phosphoric Acid Demand Outlook remains positive driven by battery precursor uptake and food industry restocking ahead of Lunar New Year.
- Phosphoric Acid Price Index signals sustained bullish trajectory, supported by balanced inventories and consistent seaborne inflows.
- Import dependence and comfortable Busan inventories moderated volatility while semiconductor and fertilizer demand maintained upward price pressure.
Why did the price of Phosphoric Acid change in December 2025 in APAC?
- Rising landed import costs and higher sulfur-driven feedstock expenses increased import parity, lifting domestic price levels.
- Steady seaborne arrivals and ample port inventories constrained spikes, keeping markets resilient against abrupt shortages.
- Consistent demand from battery, food and fertilizer sectors combined with disciplined allocation sustained firm transactional offers.
Europe
- In Germany, the Phosphoric Acid Price Index rose by 5.69% quarter-over-quarter, supported by firmer demand.
- The average Phosphoric Acid price for the quarter was approximately USD 1311.67/MT, based on regional trades.
- 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
