US Imports:
SOP imports fell 16.8% in May, to 18,875 st from 22,699 st in May 2023. Imports moved 24.8% lower in July-May, to 87,932 st from the previous year’s 116,928 st. Canada regained the top import spot for July-May with 37,706 st, narrowly beating 37,411 st from Germany. Belgium added 7,338 st.
US Exports:
May SOP exports fell 3.8%, to 1,085 st from the year-ago 1,128 st. July-May exports moved down 48.3%, to 22,545 st from 43,572 st in the prior year. Mexico purchased 10,923 st of US product in July-May, followed by Canada with 7,345 st. Exports to Singapore continued at 2,142 st.
Eastern Canada:
SOP remained in a broad range at C$1,085-$1,200/mt FOB in Eastern Canada, depending on grade and location.