新贸易关税冲击美国化肥市场

Group 1 - The U.S. government has implemented new tariffs on imported goods from multiple trade partners, effective August 7, impacting the fertilizer market significantly [1] - Major suppliers of phosphate fertilizers to the U.S., including Morocco, Saudi Arabia, and Egypt, will face a 10% tariff, while Jordan and Israel will incur a 15% tariff [1] - Saudi Arabia exported 519,000 tons of ammonium phosphate to the U.S. from January to May 2025, accounting for 54.7% of total U.S. ammonium phosphate imports [1] Group 2 - Trinidad and Tobago, a key source of ammonia for the U.S., will face a 15% tariff, but the market impact is expected to be limited due to the relatively low rate [1] - Algeria's granular urea will be subject to a 30% tariff, while Nigeria will face a 15% tariff, both being significant suppliers to the U.S. fertilizer market [1] - The new tariffs may lead to shifts in trade flows, requiring affected countries to adapt to these changes [1] Group 3 - Canada, Mexico, and China are subject to separate regulations and negotiations, with Canada’s potash trade governed by the USMCA, thus unaffected by the new tariffs [2] - Brazil will face a total tariff rate of 50% on certain exports, but some fertilizer products have been exempted from these tariffs after negotiations [2] - As of July 31, 2023, the assessed prices for ammonium phosphate in New Orleans range from $785 to $800 per short ton, while urea prices are between $455 and $465 per short ton [2]