US Gulf:
NOLA ammonium sulfate barge prices remained in the $305-$315/st FOB range.
Eastern Cornbelt:
Ammonium sulfate prices were steady at $385-$410/st FOB in the Eastern Cornbelt.
Western Cornbelt:
Granular ammonium sulfate was steady at $375-$400/st FOB in the Western Cornbelt, with the low at St. Louis and the high in Iowa.
Northern Plains:
Ammonium sulfate prices in the Northern Plains firmed to $510-$520/st DEL in North Dakota, up significantly from the prior $450-$480/st DEL range. Terminal pricing was pegged at $390-$410/st FOB for very snug supply in late May.
Northeast:
Granular ammonium sulfate prices in the Northeast fell to $410-$425/st DEL, down from the prior $450-$470/st DEL range. Terminal pricing was pegged at $405-$408/st FOB in the region.
Eastern Canada:
Ammonium sulfate was quoted at C$690-$825/mt FOB in Eastern Canada, down C$30/mt at the low end of the range.
China:
Two deals into Indonesia have again shifted prices downward.
Pupuk closed a tender for 40,000 mt of caprolactam grade amsul on May 29, for an estimated netback of $105/mt FOB. Sources said this is the current price level out of China.
Another tender, this time by Gresik, showed a netback from a very aggressive offer at $96/mt FOB. While this deal has not yet been settled, sources said it was no surprise that amsul prices had dipped below $100/mt FOB.
Buyers looking for spot tons might not find the market so friendly, however. Sources said producers appear to have sufficient orders on the books for June, and may not be willing to sell a small spot cargo at the levels reported out of Indonesia. There are still plenty of tons available for July.
Brazil:
Unsurprisingly, the Brazil market has mirrored the global decline in amsul pricing. Sources pegged the landed price at $160-$170/mt CFR for granular amsul. Demand for ammonium sulfate is down, said sources, because the price of urea is also down. Buyers no longer see a need to buy amsul as a nitrogen substitute.
The Rondonopolis price remained steady at $285-$310/mt FOB ex-warehouse. The general malaise for nitrogen products has impacted the amsul market alongside the urea market.
Thailand:
Thailand imported 67,000 mt of ammonium sulfate imports in January-April, according to Trade Data Monitor,down 40% from 111,000 mt in the same period of 2022. April imports – all from China – totaled 23,000 mt, down 66% from the year-ago 67,000 mt.
Turkey:
January-April ammonium sulfate imports were counted at 489,000 mt, Trade Data Monitor reported, a 15% decline from the prior-year 575,000 mt. April imports firmed to 185,000 mt, however, from 65,000 mt received in April 2022. China supplied 156,000 mt of the April tonnage, while Belgium sent 16,000 mt. Italy added 13,000 mt.