Mike Nash

Mike Nash is editor of Argus phosphates, monthly forecast and is a regular conference speaker. He also edits Argus' monthly Africa fertilizer supplement.

[Argus Media @ArgusMedia]

The Argus #DAP index was broadly flat this month, after falling in April, with #phosphate prices steady east of Suez amid continued buying in India. It rose to 86.9 points, 28 May, marking a rise of 0.05 points this month | #ArgusFertz

By Harry Minihan: https://t.co/hm5Sk47ZcR

[Argus Media @ArgusMedia]

Blending and distribution of #fertilizers in the key west Africa region continue, despite the #Covid19 pandemic, according to the latest IFDC (@IFDCnews)/WAFA West Africa Fertilizer Watch | #ArgusFertz @Wafa_Fertilizer

By Mike Nash (@Mikephosphates): https://t.co/TXyQN0EBnH

[Argus Media @ArgusMedia]

Key #fertilizer highlights and price movements for the week to Friday 17th April 2020. Click the image to view the infographic in full | #ArgusFertz #NPK

For more information, visit: https://t.co/t22r0SamJL

[Mike Nash @Mikephosphates]

@AfricFertilizer @IFDCnews @agro_of Moreover, China does not supply DAP to east coast Africa. The only other supplier of note is Russia who also has not cut output. China is happily supplying DAP to India.

[Mike Nash @Mikephosphates]

@AfricFertilizer @IFDCnews @agro_of If I may correct here, on phosphates virtually all Kenya's DAP comes from Saudi Arabia which has not stopped production. Moreover, at the Argus Cape Town event in February Saudi shipments were actually being delayed due to fears over too much supply chasing lacklustre demand

[Mike Nash @Mikephosphates]

Malawi tenders for 90,000t urea and NPKs - closing 30 July.

[Mike Nash @Mikephosphates]

@ArgusMediafertz
Iran awards its 60kt DAP and 99kt TSP tender to Chinese suppliers for 2H 2018 shipment

[Mike Nash @Mikephosphates]

@ArgusMediafertz India proposes to cut GST on phosacid from 12pc to 5pc. Good news for local DAP producers - takes $26/t off producer costs

[Mike Nash @Mikephosphates]

Iran tenders for DAP and TSP. More potential support for Chinese DAP producers and global TSP makers.

[Mike Nash @Mikephosphates]

Indian DAP stocks rise but still lag 2017. Low production due to high acid costs mean heavy imports. Argus estimates 2mnt in the May to June line up.

[Mike Nash @Mikephosphates]

OCP Adnoc announcement over potential jv would give Moroccan producer a foothold logistically east of Suez. Beneficial for exports to Indian subcontinent, SE Asia and Oceania.

[Mike Nash @Mikephosphates]

Indian rupee slips again to Rs68.2 to the dollar. Makes DAP imports even more expensive. But this week's slow down is more a case of the 2mn t already in the April-June line up

[Mike Nash @Mikephosphates]

NFL India awards 2/3s of DAP tender and issues fresh inquiry.

[Mike Nash @Mikephosphates]

Low prices in Indian tender see India and Pakistan on sidelines of DAP market. But backing from Chinese producers still questionable.

[Mike Nash @Mikephosphates]

Traditional 11-52 MAP definitely tight for August. OCP and Russians have little to spare. Prices holding accordingly.

[Mike Nash @Mikephosphates]

Quiet week on the phosphates market. But Algeria tenders for 40,000t MAP. Supply is tighter for August on MAP than DAP.

[Mike Nash @Mikephosphates]

Offers in latest Indian NFL DAP tender show lower numbers. Pressure mounting east of Suez.

[Mike Nash @Mikephosphates]

Argus FMB is hiring market reporters and editors for our London office. Get in touch.

[Mike Nash @Mikephosphates]

Still time to book meetings at TFI Montreal to discuss the debacle in the global phosphates market,