Brazil:
SSP 19-21 imports lifted to $215-$245/mt CFR at Brazil, a 4.8% increase from last week’s $200-$240/mt CFR range.
The domestic market lost momentum following a slight drop in port prices, players noted, resulting in a $5/mt decrease at the top of the range. Prices settled at $360-$375/mt FOB Rondonópolis, reflecting a modest price accommodation to keep SSP negotiations minimally active. Most phosphate negotiations in Brazil’s primary producing regions have already concluded, however, aside from a few isolated deals for the soybean crop.
SSP-23 remained available at $395-$405/mt FOB, a $5 drop from $400-$410/mt FOB at last report.