uploads///Median Phosphate Shipment Growth

Which Company Led in Phosphate Shipments in 4Q17?


Mar. 7 2018, Updated 10:32 a.m. ET

Phosphate shipments

After nitrogen, phosphate fertilizers are the most applied fertilizers. In 4Q17, median phosphate shipments continued their declining trend.

Article continues below advertisement

Overall shipments

As the above chart shows, the overall median shipment growth fell 17% year-over-year compared to the corresponding quarter a year ago in 4Q16 when the phosphate shipments grew 4% year-over-year.

PotashCorp leads in phosphate shipments

In 4Q17, PotashCorp (POT) (NTR) saw the highest shipment growth for phosphate to 773 thousand metric tons from 715 thousand metric tons, or growth of 8% year-over-year. Mosaic (MOS), which had the largest phosphate shipment volumes (XLB) in 4Q17 at 2.5 million metric tons, saw flat growth compared to a year ago in 4Q16.

In contrast to these two companies, Agrium (AGU) experienced a significant decline in shipments by as much as 44% year-over-year to 107 thousand metric tons from 191 thousand metric tons a year ago. Similarly, Israel Chemicals’ (ICL) phosphate shipments also fell ~33% year-over-year to 501 thousand metric tons from 750 thousand metric tons a year ago in 4Q16.

Next, we will discuss phosphate prices and summarize the results by looking at phosphate margins.


More From Market Realist

    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.