Central Florida: Market players continued to quote Central Florida DAP trucks at $430/st FOB, with MAP listed at a $20/st FOB premium.
U.S. Gulf: NOLA barge prices held firm last week despite continued low trading volume, sources said.
Prompt domestic DAP barges commanded $434-$435/st FOB for the week, while imported DAP strengthened to a range of $430-$432/st FOB. Domestic MAP was generally called $440-$445/st FOB, with imported material quoted as low as $437/st FOB.
Lower grain prices continued to act as a primary drag on total barge transactions, sources said. Grain futures tumbled following the devaluation of the Chinese yuan and the release of a USDA report (GM Aug. 17, p. 14) that raised grain harvest estimates.
Short-term supply tightness has supported prices, however. With no imports expected at NOLA until September, prompt and full-August barges have maintained strength, sources said.
Full-September DAP paper was quoted in a range of $430-$432/st FOB. October paper swaps were described in the low $420s/st FOB, and a combined October and November-loading DAP offer was said to carry a $416/st FOB price tag, but only if both months’ barges were bought.
Observers described a number of import vessels due in September, including a second-half cargo said to be of Chinese origin, and a vessel of OCP material speculated for early- or mid-month arrival. A vessel reportedly containing Mexican MAP – possibly bound for mid-September NOLA discharge – could end up being redirected to Brazil or another Latin American market instead, one source said.
The NOLA DAP market was unchanged at $434-$435/st FOB for domestic material. MAP was also steady at $440-$445/st FOB.
Eastern Cornbelt: DAP was quoted in a broad range at $465-$485/st FOB in the Eastern Cornbelt, with the low at Cincinnati and the upper end out of inland warehouses. MAP was $5-$10/st higher than DAP, depending on location.
10-34-0 remained at $520-$525/st FOB in the region.
Western Cornbelt: DAP was quoted at $465-$475/st FOB in the Western Cornbelt, with MAP roughly $10/st higher.
10-34-0 remained at $525-$535/st FOB in the region.
California: MAP remained at $555-$560/st FOB or rail-DEL in California, with 16-20-0 unchanged at $408-$415/st rail-DEL or FOB in the state. TSP (0-45-0) was steady as well at $520/st FOB French Camp.
Phosphoric acid remained at August pricing levels of $10.10/unit rail-DEL in California for both SPA and MGA, with Simplot also referenced at the $10.30/unit FOB level for MGA at Lathrop and El Centro.
10-34-0 was steady at $469-$474/st FOB, with 11-37-0 remaining at $508-$513/st FOB El Centro.
Pacific Northwest: The MAP market was steady at $550-$555/st FOB in the Pacific Northwest, with rail-DEL tons quoted in broader range at $535-$555/st in the region, depending on location and supplier. Sources said shipments were being completed before Aug. 31 on fill tons ordered in early July.
16-20-0 pricing remained at $415-$420/st rail-DEL in the Pacific Northwest, with TSP (0-45-0) steady as well at $520/st FOB Pocatello, Idaho.
Phos acid was unchanged at August pricing levels of $9.60/unit FOB Pocatello and $10.10/unit rail-DEL for both SPA and MGA in the region.
The 10-34-0 market remained at $449-$454/st FOB in the Pacific Northwest, and 11-37-0 pricing was steady at $488-$493/st FOB Hedges, Wash.
Western Canada: MAP was pegged at $760-$780/mt DEL in Western Canada, up $20/mt from late July pricing levels.
The 10-34-0 market remained at $630-$680/mt DEL in the region.
U.S. Export: Mosaic announced a sale o