US Gulf:
NOLA barge price ideas were put in the $345-$360/st FOB range, down from the previous $349-$365/st FOB.
Eastern Cornbelt:
Granular ammonium sulfate pricing was steady at $400-$450/st FOB in the Eastern Cornbelt, with the Cincinnati market unchanged at $400-$420/st FOB.
Western Cornbelt:
Granular ammonium sulfate pricing was quoted at $420-$450/st FOB in the Western Cornbelt, with the low confirmed at St. Louis.
Northern Plains:
Ammonium sulfate pricing in the Northern Plains remained at $400-$420/st DEL for 1Q tons and up to $465/st DEL for spring prepay.
Northeast:
Ammonium sulfate was reported in a broad range at $440-$490/st DEL for 1Q tons in the Northeast, depending on location.
Eastern Canada:
Sources confirmed new ammonium sulfate pricing in Eastern Canada at the C$740-$825/mt FOB level in early January, down from C$818-$825/mt FOB in December.
China:
Reports of deals totaling 20,000-25,000 mt in the high-$160s/mt FOB circulated during the week, but with no confirmations. The last known deals came late in December in the low-$170s/mt FOB. The lower price was not unexpected, said sources, as demand for amsul has waned as urea prices began to soften.
Sources reported the Chinese government will once again not include amsul on its list of restricted exports. One trader said that while ammonium sulfate is used as a fertilizer, it is a byproduct of other production and therefor does not fit in the same category of concern as urea or DAP.
Indonesia:
Pupuk called a tender for 40,000 mt for February-April arrival. The tender, the latest in a series of tenders seeking amsul, closes on Jan. 6 for paper submissions and early next week for electronic submissions.
The most recent tender for amsul closed on Dec. 14. Pupuk took 20,000 mt, shipping in 5,000 mt lots, at $200/mt CFR. With freight rates noted at $18-$20/mt for large cargoes and $28-$30/mt for smaller lots, sources worked the netback to China in the low-$170s/mt FOB at the current levels.
Brazil:
Prices remained steady at the ports at $250-$265/mt CFR, and in Rondonopolis at $400-$410/mt FOB ex-warehouse. Sources said the lower end of the landed price is mostly for February product, while the higher end is reserved for prompt shipments.
Turkey:
Trade Data Monitor reported January-November ammonium sulfate imports at 930,000 mt, up 13% year-over-year from 821,000 mt.
November imports were put at 139,000 mt, rising dramatically from 92,000 mt purchased during November 2021. China supplied 95% of imports for the month.
Thailand:
Ammonium sulfate imports for January-November were reported at 359,000 mt by Trade Data Monitor, roughly17% down from the year-ago 431,000 mt. China supplied 299,000 mt for the period.
November imports were reported at 2,300 mt, a fall from 45,000 mt received in November 2021.