Central Florida:
Central Florida values remained unchanged during the week. Truck-loaded DAP was posted at $470/st FOB, unmoved from the prior report, while MAP trucks were offered at $500/st FOB, also steady from one week earlier.
North Florida MAP postings were flat at $600/st FOB, sources said.
US Gulf:
DAP moved up slightly. Market sources put prices at $445-$460/st FOB, above the week-ago $445-$457/st FOB, with domestic product reported at the top of the range.
MAP prices firmed on reports of limited availability, lifting to $465-$485/st FOB from the prior $465-$475/st FOB. Sources reported a general feeling of tightness in the NOLA market.
US Exports:
Sources reported an adjustment to last week’s reported $435/mt FOB DAP business, calling the deal closer to $438/mt FOB. The cargo, expected to total 10,000-15,000 mt, was slated to load in late July or early August.
Eastern Cornbelt:
DAP was quoted at $510-$530/st FOB in the Eastern Cornbelt, with the low confirmed at Cincinnati, reflecting another $10/st drop from last week. MAP was reported at $540-$560/st FOB in the region, depending on location, with the Cincinnati market pegged at the $545/st FOB level.
Phosphate prices were down significantly in the Northeast, with the latest East Liverpool, Ohio, offers reported at $550/st FOB for DAP and $575/st FOB for MAP, down some $85-$100/st from the last confirmed June prices.
Western Cornbelt:
DAP was flat at $500-$530/st FOB in the Western Cornbelt, depending on location, with the low confirmed at St. Louis. MAP was pegged at $520-$550/st FOB in the region, with the low again reported at St. Louis.
California:
MAP pricing in California moved down to $625/mt FOB or DEL, well below spring pricing levels in the $780-$800/mt range.
Pacific Northwest:
MAP prices dropped sharply in the Pacific Northwest, to $600-$610/st FOB or DEL from the previous $760-$780/st range.
Western Canada:
MAP was also lower in Western Canada, falling to C$815-$830/mt FOB and C$810-$825/mt rail-DEL for the latest offers, down from C$850-$860/mt FOB at last report.
China:
Sources reported an increase in DAP available for export and a corresponding decline in prices. Traders now put the export price at $435-$440/mt FOB.
India:
Sources described the market as continuing to focus on contract sales, with no new spot deals done. Discussions for new spot business were noted down to $445-$450/mt CFR.
Brazil:
Increased demand for MAP pushed the price up to $445-$455/mt CFR. Sellers ended the week with offers at $460-$4705/mt CFR, with every expectation of achieving those levels next week.
Inland prices showed a minor tick up to $575-$605/mt FOB ex-warehouse in Rondonopolis. Sources attributed the market’s strength to increased demand in the country’s south and southwest regions.