U.S. Exports:
May wet-process phosphoric acid exports were noted at 8,541 st, down 7.2 percent from the year-ago 9,204 st. July-May volumes dropped 38.2 percent, to 164,976 st from 267,138 st noted one year earlier.
Eastern Cornbelt:
The phos acid market for July was quoted at $13.15/unit rail-DEL in Illinois and Wisconsin, and $13.30/unit rail-DEL in Ohio, up $0.15/unit from June.
Western Cornbelt:
Phos acid pricing for July was pegged at $13.05/unit rail-DEL in Nebraska, Missouri, and Iowa, up $0.15/unit from June.
Northern Plains:
Phos acid pricing for July was quoted at $13.15/unit rail-DEL in Minnesota and Wisconsin, and $13.30/unit rail-DEL in the Dakotas, up $0.15/unit from June pricing levels.
India:
OCP and buyers in India reportedly agreed on new phos acid contracts with values quoted firming to $1,160/mt P2O5 CFR, a $162/mt increase on the prior $998/mt CFR deal. It was unclear whether U.S. phos acid suppliers had matched OCP’s agreement with Indian buyers on July 8.
The new price will continue to make production of DAP difficult within the maximum price set by the Indian government. Sources said some DAP producers may forgo the purchased acid in favor of buying their own rock and sulfur to make their own acid.
Jordan:
Indo-Jordan Chemicals Co., a fully-owned subsidiary of Jordan Phosphate Mines Co. (JPMC) since 2010, produced 27,107 mt P2O5 of phosphoric acid in June, a record monthly output, JPMC said in a July 7 stock exchange filing.