Central Florida:
Central Florida DAP truck prices were posted at $660/st FOB, steady from the prior report. Truck-loaded MAP postings ran even with DAP at $660/st FOB.
Sources continued to quote the North Florida MAP truck market at $700/st FOB, steady from the week-ago.
US Gulf:
NOLA phosphate market players reported falling price action on the DAP and MAP barge markets.
Domestically-produced DAP barges loading from NOLA were quoted at a high of $625/st FOB, unchanged from the prior top, while open-origin material was reported trading at $600-$605/st FOB, below the week-ago $615/st FOB floor.
Sales of domestic MAP loading in the December-January period were quoted at $620/st FOB, below the prior $640/st FOB high, while barges continued to track as low as $595-$605/st FOB for imported tons.
NOLA DAP barges were noted at $600-$625/st FOB, down from $615-$625/st FOB in the previous report. NOLA MAP was called in a $595-$620/st FOB range, falling from $595-$640/st FOB at last check.
US Imports:
DAP imports were off 56.4% in the July-October period, falling to 256,916 st from the prior-year 589,739 st. Imports moved down 30.5% in October, to 68,199 st from the year-ago 98,149 st.
Saudi Arabia led July-October imports with 194,490 st, followed by Australia at 43,806 st, and 12,234 st from Russia.
MAP/Other imports firmed 289.4% in October, to 127,673 st compared the year-ago 32,788 st. July-October imports were off 4.8%, however, at 289,322 st compared to 303,762 st reported one year earlier.
Imports from Russia were counted at 115,165 st in July-October. Australia followed with 67,187 st, while imports from Saudi Arabia totaled 47,842 st. Mexico added 43,359 st.
US Exports:
DAP exports for October stood at 38,957 st, off 45.4% from the year-ago 71,375 st. July-October exports were quoted at 303,328 st, however, up 81.3% from the prior-year 167,313 st.
October MAP/Other exports moved 1.7% lower, to 152,841 st from the year-ago 155,417 st. July-October exports were down 14.4%, to 621,894 st from 726,164 st.
Mosaic reported an 8,000 mt DAP cargo sold into a single destination in northern Latin America on Dec. 16. The $670/mt FOB transaction, combined with recent spot business noted at $640-$650/mt FOB, stretched Gulf export pricing to a $640-$670/mt FOB range.
Eastern Cornbelt:
DAP offers were quoted at $685-$725/st FOB in the Eastern Cornbelt, with the Cincinnati market reported at $690-$705/st FOB. MAP pricing fell in the same range as DAP in late December.
Western Cornbelt:
DAP pricing remained at $685-$705/st FOB in the Western Cornbelt, with the St. Louis market quoted at $690-$695/st FOB. MAP was reported at similar levels to DAP during the week.
California:
MAP pricing in California was steady at $835/st FOB or DEL for post-fill offers.
Pacific Northwest:
MAP pricing in the Pacific Northwest was confirmed at $815-$825/st FOB or DEL, depending on location.
Western Canada:
MAP prices in Western Canada were down slightly from last report. Delivered pricing was confirmed in a tight range C$1,150-$1,160/mt in the region, down from the prior C$1,140-$1,180/mt DEL range. The warehouse market was pegged in a broader C$1,135-$1,180/mt FOB for December-January, compared with C$1,165-$1,200/mt FOB at last report.
China:
Trade Data Monitor reported January-November DAP exports at 2.2 million mt, falling47% from 6.2 million mt exported through the same period of 2021. The market’s primary buyers were India, taking 1.1 million mt, and Bangladesh with 605,000 mt.
November DAP exports were reported at 201,000 mt, up from the prior-year 129,000 mt. India bought 75,000 mt, good for 37% of the export market.
MAP exports for January-November were counted at 1.8 million mt, down 52% from 3.8 million mt in the prior-year period. Brazil took 641,000 mt, followed by Australia with 286,000 mt.
November MAP exports were reported at 197,000 mt, up dramatically from 76,000 mt shipped in November 2021. Australia took 47% of the exports with 93,000 mt.
India:
Sources noted price softening for DAP, with deals reportedly done at $720-$725/mt CFR.
There are reports that more Russian DAP is being delivered to India. As an incentive to take the product, sources said the landed price is coming in close to $700/mt CFR, although there is no confirmation of the Russian deals.
Pakistan:
Fauji told the Pakistan Stock Exchange it will shut down its DAP production, citing reduced demand from farmers. The company said it would use the shutdown to conduct routine maintenance at the facility, and that any potential restart would be based on market demand. The reduced demand for DAP stemmed from both the rising price of fertilizers and damage to fields sustained during flooding reported earlier in the year, the company said.
Brazil:
The price for MAP continues to strengthen, with sources putting the landed price at $640-$655/mt CFR. Sources said the price increase is coming as demand for product related to the 2023/2024 soybean crop intensifies.
Rondonopolis also reported a price increase to $780-$815/mt FOB ex-warehouse. Sources said that some sellers appear to be out of product and are waiting for replacement tons. Others seem to be holding back their product for even higher prices.
Argentina:
Imports of MAP for January-November were reported at 773,000 mt by Trade Data Monitor, off15% from the year-ago 914,000 mt. Morocco led sellers with 343,000 mt, followed by the US with 191,000 mt and China with 182,000 mt.
November imports were reported at 24,000 mt, down 52% from 50,000 mt reported in November 2021. Morocco supplied the full amount.
Lithuania:
Phosphate fertilizer producer Lifosa AB has resumed production, producing its first tons of phosphate fertilizer since September, according to a Tass report, citing a company representative speaking on Dec. 20. Lifosa’s main product is DAP, with a production capacity of approximately 1 million mt/y.
Lifosa’s owner, EuroChem Group AG, confirmed on Nov. 29 that the Lithuanian producer was completing preparations to restart its Kėdainiai production facilities in December (GM Dec. 2, p. 33). Production was halted in mid-September due to a shortage of critical raw materials, including ammonia, and due to high natural gas prices (GM Sept. 16, p. 29; Sept. 9, p. 28). The producer had only resumed operations on Aug. 7.