U.S. Exports:
Phosphoric acid exports for April totaled 3,481 st, off 21.6 percent from the year-ago 4,438 st. July-April shipments fell 39.4 percent, to 156,435 st from 257,934 st one year earlier.
Eastern Cornbelt:
Phos acid was unchanged at $13.00/unit rail-DEL in Illinois and $13.15/unit rail-DEL in Ohio for June tons.
Western Cornbelt:
Phos acid pricing for June remained at $12.90/unit rail-DEL in Nebraska, Missouri, and Iowa.
Northern Plains:
Phos acid pricing for June was quoted at $13.00/unit rail-DEL in Minnesota and Wisconsin, and $13.15/unit rail-DEL in the Dakotas.
Great Lakes:
The phos acid market was pegged at $13.00-$13.15/unit rail-DEL in the Great Lakes region for June tons, with the lower end of the range confirmed in Wisconsin.
India:
Phosphoric acid shipped to India was contracted at $998/mt CFR for delivery in the second quarter, a $203/mt increase compared with the first quarter’s $795/mt CFR agreement.
Talks are continuing on third-quarter pricing. Sources said the gap is only a few dollars at this point, but still at high levels. Observers said the range under discussion is $1,000-$1,004/mt CFR.
The Indians, hoping for something lower than $1,000/mt CFR, had their hopes crushed late last week when Bangladesh had to scrap its tender for phos acid because no one offered tons.