US Exports:
Wet-process phosphoric acid exports moved down 73.7% in April, to 11,261 st from 42,835 st in April 2022. July-April exports firmed 14.3%, however, to 262,949 st from the year-ago 229,994 st.
Eastern Cornbelt:
June phosphoric acid postings in the Eastern Cornbelt dropped to $9.50/unit rail-DEL, well below May’s $14.00/unit rail-DEL posting.
Western Cornbelt:
Phos acid dropped to $9.50/unit rail-DEL for June tons in the Western Cornbelt, down from last month’s $14.00/unit rail-DEL price.
Southern Plains:
The phos acid market dropped to $9.50/unit rail-DEL in the Southern Plains for June tons, down significantly from May’s $14.00/unit rail-DEL posting.
India:
Nothing new was reported on the India phosphoric acid market. Second-quarter contracts continued at $970/mt P2O5 CFR, down $80/mt from $1,050/mt P2O5 CFR in the first quarter.