Phosphoric Acid

Eastern Cornbelt:

The phos acid market was steady at $13.95/unit rail-DEL in Illinois and $14.10/unit rail-DEL in Ohio for May tons.

Western Cornbelt:

Phos acid pricing was unchanged at $13.85/unit rail-DEL in Nebraska, Missouri, and Iowa for May shipment.

California:

The phos acid market remained at $14.00/unit rail-DEL in California for May shipments, with MGA referenced at the $14.20/unit level FOB Lathrop and El Centro.

Pacific Northwest:

May phosphoric acid prices were unchanged from April at $13.50/unit FOB Pocatello, Idaho, with rail-DEL offers ranging from $14.00-$14.15/unit in the Pacific Northwest, depending on supplier.

India:

Phosphoric acid delivered to India was contracted at $998/mt P2O5 CFR for second-quarter delivery, a $203/mt increase from $795/mt CFR in the first quarter.

Sources said talks are just getting underway for the third-quarter price. Traders said the talks will most likely result in prices well about the $1,000/mt CFR mark.