Central Florida:
Central Florida DAP trucks continued at $575/st FOB, sources said, and truck-loaded MAP was steady at $610/st FOB. MAP postings from North Florida were reported at $640/st FOB, unchanged from last week.
US Gulf:
Sources reported rising prices and low trade volumes heading into the holidays. DAP barges firmed to $570-$580/st FOB from the week-ago $560-$575/st FOB, while sources quoted NOLA MAP trades in the $620-$623/st FOB range, above $605-$620/st FOB at last report.
US Exports:
Sources reported no new DAP or MAP spot exports during the week. Prices were noted at $570/mt FOB for the latest sales.
Eastern Cornbelt:
DAP was quoted at $615-$635/st FOB in the Eastern Cornbelt, with the low in Illinois and the high reported at Cincinnati. MAP slipped to a broad $655-$690/st FOB in the region, with the low again confirmed in Illinois on a spot basis. The Cincinnati MAP market remained at the $680-$685/st FOB level in late December.
Michigan phosphate pricing included DAP at $675/st DEL, and MAP at $695-$700/st FOB and $710-$720/st DEL.
DAP firmed again, to $620-$640/st FOB in the Western Cornbelt, up another $10/st from last week, with the low reported at St. Louis for “very limited tons.” MAP remained at $665-$690/st FOB in the region, with high in Iowa and the low confirmed at St. Louis.
California:
MAP was pegged at $740-$750/st FOB or DEL in California.
Pacific Northwest:
MAP was quoted at $730-$740/st FOB or DEL in the Pacific Northwest in late December.
Western Canada:
MAP firmed to C$1,065-$1,085/mt FOB or DEL in Western Canada, depending on location and time of shipment, up from the previous C$1,050/mt FOB and C$1,050-$1,060/mt DEL ranges.
India:
An India buyer has concluded a deal for Moroccan DAP at $595/mt CFR, according to circulating reports, moving the price down at a time when most of the industry was talking about higher prices.
The deal appears to have been done under the expectation that India was ready to increase its DAP subsidies, one source said. However, the move to reinstate higher DAP subsidies so far appears to be just talk, according to sources.
Trade Data Monitor pegged January-October DAP imports at 5.3 million mt, a 6% decline from the 5.6 million mt imported during the same period of 2022. November imports were down 61% year-over-year, to 515,000 mt from 1.3 million mt.
China:
DAP exports totaled 4.7 million mt in January-November, Trade Data Monitor reported, up 40% from the 3.3 million mt shipped through the first 11 months of 2022. Indian buyers accounted for 62% of the purchases, taking 2.9 million mt. November exports were 616,000 mt, rising from 201,000 mt in November 2022.
January-November MAP exports were virtually unchanged from the first 11 months of 2022 at 1.9 million mt, Trade Data Monitor reported. November exports were 218,000 mt, up from the 197,000 mt shipped last November.
Brazil:
MAP imports were steady at the week-ago $550-$565/mt CFR, with most business reported at the top of the range.
The Rondonópolis market remained at $680-$685/mt FOB ex-warehouse for a fourth consecutive week, while aggressive offers reported in the $645-$655/mt FOB ex-warehouse range went unconfirmed for the week. Demand remains off due to low corn consumption and limited interest for the 2024/25 soybean season, sources said.