US Gulf:
Nothing new was heard on the NOLA TSP barge market, leaving last-done in a $550-$560/st FOB range. Recent declines in the broader phosphate markets for full-May loading prompted expectations of lower TSP values in the next round of business. “TSP will need to be below $500 to have any chance,” said one source.
Eastern Cornbelt:
TSP remained at $640-$660/st FOB in the Eastern Cornbelt.
Western Cornbelt:
TSP pricing was unchanged at $640-$645/st FOB in the Western Cornbelt in early May.
Brazil:
The imported price of TSP was pegged at $380-$400/mt CFR, following the broader phosphate market lower.
The Rondonopolis price was reported at $545-$550/mt FOB ex-warehouse. The slight uptick from the previous week was seen more as a minor correction rather than a significant price trend.