U.S. Gulf:
The last NOLA trades were put at the $510/st FOB mark. Sellers are reported to be eyeing $515-$530/st FOB for the next round of business.
Eastern Cornbelt:
The granular ammonium sulfate market firmed to $535-$570/st FOB in the Eastern Cornbelt, depending on location, with the high end of the range reflecting a $25/st increase from last report.
Western Cornbelt:
The ammonium sulfate market was quoted at $540-$560/st FOB in the Western Cornbelt, up another $10/st from last report.
Southern Plains:
The granular ammonium sulfate market was quoted at $500-$560/st FOB in the Southern Plains, with the low at Houston and the high at Catoosa/Inola.
South Central:
The ammonium sulfate market was pegged at $525-$530/st FOB Memphis, up $85/st since late October, with other South Central terminals reported at $540/st FOB Shreveport and $545-$550/st FOB Arkansas River terminals at mid-month.
Southeast:
Ammonium sulfate pricing had reportedly firmed to $485/st FOB for standard grade in the Florida market, up significantly from the $325-$380/st FOB range reported in late October. Sources described granular product as very tight in the region, with the last reference price from IOC pegged at $545/st FOB Tampa.
China:
Sources said material in China continues to be tight. A new deal closed for 25,000 mt at $430/mt FOB. One trader said this is the first major deal closed since the Oct. 15 closing of fertilizer exports. While ammonium sulfate was not on the list, sources said Chinese officials have hinted that it could be added.
South Korea:
January-October 2021 ammonium sulfate exports were reported at 454,000 mt by Trade Data Monitor. This represented an increase of 40 percent over the 325,000 mt exported during the same period in 2020. The main buyers this year were Mexico at 107,000 mt, and Turkey at 95,000 mt.
October 2021 exports of 13,000 mt were the lowest so far for the year and 59 percent down from the 31,000 mt exported in October 2020, Trade Data Monitor reported. Vietnam took just about all the exports for October with 12,500 mt.
Brazil:
Reports of a tighter market because of reduced supplies from China are hitting the Paranagua market. Sources now put the latest deals at $510-$550/mt CFR.
With a growing concern that supplies from China will begin to shrink, the price at Rondonopolis remained steady at $640-$660/mt FOB ex-warehouse. Sources said, however, there is tension in the air as urea prices continue to rise and buyers look for a substitute.