Central Florida:
Central Florida DAP trucks were posted at $780/st FOB for the week, steady from the prior report. Truck-loaded MAP remained at $780/st FOB as well, also unmoved from week-ago levels.
MAP loaded to trucks from North Florida continued to be priced at $780/st FOB, sources said.
U.S. Gulf:
Firming prices in the prior week held steady for the holiday-shortened week, despite limited trade volumes.
Recent sales and offers of domestically produced DAP quoted at $740/st FOB set the week’s floor, marking an increase from the prior $720/st FOB bottom. Sources continued to note the top of the prompt range at $745/st FOB, steady from one week earlier.
Most described $760/st as setting the bottom of the domestically produced MAP market for the week, up from the prior $745/st FOB level. Most players noted import material steady at $765-$770/st FOB, with offers pegged up to $775/st FOB on Nov. 23.
Nearby DAP barge pricing was noted at $740-$745/st FOB, above the week-ago $720-$745/st FOB. MAP barges stepped up to $760-$770/st FOB from $745-$770/st at last report.
U.S. Exports:
Mosaic reported a 10,000 mt DAP cargo sold into a single destination in northern Latin America. The tons were reportedly priced at $810/mt FOB, with loading slated for January 2022.
A small amount of MAP included with the transaction was noted fetching $830/mt FOB. Due to the limited volume, that price level was omitted from the current Gulf export range.
Based on reported transactions, the Gulf phosphate export markets firmed to $810/mt FOB, up from $740/mt FOB published previously.
Eastern Cornbelt:
The DAP pricing range strengthened to $760-$775/st FOB in the Eastern Cornbelt, with the Cincinnati market pegged at $760-$770/st FOB early in the week. MAP remained at $795-$810/st FOB in the region.
Western Cornbelt:
DAP pricing was quoted at $760-$780/st FOB in the Western Cornbelt, with the low at St. Louis. MAP remained at a firm $800-$820/st FOB in late November.
California:
MAP pricing was quoted at $900-$920/st rail-DEL or FOB California warehouses, with the upper end reflecting new postings.
Pacific Northwest:
MAP pricing in the Pacific Northwest edged up to $907/st FOB Aurora, Ore., some $17/st higher than early November, with delivered tons pegged at $910/st in Washington, Oregon, and Nevada, and $900/st in Idaho, Utah, and Montana.
Western Canada:
New MAP offers in Western Canada were quoted in the C$1,205-$1,280/mt FOB range, up from the last reported C$1,180-$1,205/mt FOB, with delivered tons pegged in the C$1,250-$1,280/mt range in late November, depending on location.
Saudi Arabia:
Saudi Arabia phosphate exports were noted firming to the $770-$785/mt FOB range, up from $765-$780/mt FOB at last report.
Bangladesh:
Initial reports that only OCP would settle a deal in the BCIC DAP tender were dashed when awards were issued Nov. 23. Sources reported BCIC will now take 170,000 mt from six traders at $975-$1,060/mt CFR liner out.
| Offering Company | Quantity (mt) | US$/mt CFRLO | Source |
| Uttara Traders | 40,000 | 975.00 | Jordan |
| Desh Trading | 25,000 | 1,038.00 | Morocco-Egypt-Russia |
| Bulk Trade Intl. | 25,000 | 1,038.00 | Morocco-Egypt-Russia |
| Mosharaf Brothers | 25,000 | 1,038.00 | Morocco-Egypt-Russia |
| Nazneen Enterprise | 25,000 | 1,038.00 | Morocco-Egypt-Russia |
| Deepa Enterprise | 30,000 | 1,060.00 | Tunisia-Egypt-Jordan |
The buyer was looking for 200,000 mt in its tender.
As expected, no Chinese tons were offered in the tender because of that country’s restrictions on fertilizer exports.
Pakistan:
Confusion over a deal with OCP cleared up this week as sources confirmed that OCP sold 50,000 mt of DAP to Pakistan at $915/mt CFR for December shipment.Earlier reports suggested the deal was done with an Indian buyer.
India:
No new spot deals were done into India this week. The OCP/Pakistan deal, however, gives an insight into pricing. The reported $915/mt CFR paid by Pakistan would translate to $900/mt CFR given the freight differential, said sources.
There is still demand for DAP in India, and buyers seem willing to pay the higher prices in the market. However, the demand is not as great as what is being experienced on the nitrogen side.
Ethiopia:
An EABC tender for a variety of NPS products found only OCP offering material. No awards have been issued yet.
| Commodity | US$/mt FOB | US$/mt CFRLO | Quantity (mt) |
| NPS+B | 660 | 770 | 553,000 |
| NPS | 650 | 760 | 269,000 |
| NPS+Zn | 730 | 840 | 7,260 |
| NPS+Zn+B | 720 | 830 | 82,000 |
Brazil:
The global upward pressure on phosphates due to higher production costs is being felt at the Brazilian ports. Sources said MAP prices have moved up to $850-$890/mt CFR.
Efforts are underway to ease the upward pressure by stepping up domestic production, but in small increments. Media reports noted that Mosaic Fertilizantes has been able to increase its production by 3.1 percent over the past year. The corporate view is that prices will remain high for a bit longer to encourage greater production capacity.
The need for more production was shared by the government. According to the Agriculture Ministry, Brazil will soon launch a 30-year plan to increase domestic production and reduce dependency on imported product.
Inland prices tightened up this week. Sources said the Rondonopolis price is now centered at $1,000-$1,010/mt FOB ex-warehouse.