Mosaic (MOS), PotashCorp (POT), Agrium (AGU), and Israel Chemicals (ICL) are some of the largest producers (MOO) of phosphate fertilizers like DAP (diammonium phosphate) and MAP (monoammonium phosphate). In this part of our series, we’ll look at how these companies fared in terms of shipments for the phosphate segment in 4Q16.
In 4Q16, the combined phosphate shipments of the above four producers grew by a median of 4% YoY (year-over-year), as compared to the 6% fall in 4Q15. The pops and drops in the chart above are representational of the seasonality in phosphate demand from the market.
Shipments by companies
Israel Chemicals saw the steepest growth in shipment volume rising ~138% to 750 thousand metric tons, while Mosaic’s shipments rose 13% YoY to 2.5 million metric tons.
On the other hand, Agrium phosphate fertilizer sales volumes fell 7% to 303 thousand tons YoY, while PotashCorp’s sales volumes for phosphate fell 6% YoY to 715 thousand tons.
Why shipments rose
Low pipeline inventory continued to drive the shipment for phosphate fertilizers amid weakness in the price environment.
But with the increases in shipments, it’s important to look at how phosphate prices have performed. Continue to the next part for a closer look at phosphate prices in 4Q16.