U.S. Gulf:
Ammonium sulfate barges remained flat at $585-$590/st FOB.
Eastern Cornbelt:
The ammonium sulfate market was pegged at $610-$645/st FOB in the Eastern Cornbelt, with the low confirmed at Cincinnati for prompt tons and the high for spring prepay. Michigan sources quoted the market at $650-$660/st FOB terminals, depending on location and time of shipment.
Western Cornbelt:
Ammonium sulfate pricing was pegged at a solid $610-$630/st FOB in the Western Cornbelt, depending on location, with the high reported in Iowa and the low confirmed at St. Louis.
Northern Plains:
Granular ammonium sulfate prices remained at $625-$635/st FOB St. Paul, with reports of prompt offers firming to $650/st FOB on a spot basis in the North Dakota market. Delivered pricing reportedly ranged from $625-$635/st in North Dakota for 1Q and $645-$655/st for 2Q.
Northeast:
The granular ammonium sulfate market firmed to $595-$635/st FOB in the Northeast, with the low confirmed at Lancaster, Pa. Delivered tons ranged from $615-$655/st in the region, depending on location.
Eastern Canada:
The ammonium sulfate market firmed to C$880-$920/mt FOB in Eastern Canada, up C$15/mt at the high end of the range.
China:
Sources reported limited interest in buying ammonium sulfate of any type as urea prices soften. Most traders were talking about prices at $250/mt FOB or less for caprolactam-grade tons. However, sources said Atlas in the Philippines picked up a cargo for $240/mt CFR. With freight estimated at about $30/mt, that leaves a netback to China of $210/mt FOB.
Brazil:
Softer urea prices are affecting the ammonium sulfate prices in Brazil, and also the willingness to buy. Prices came off on the landed price to $280-$350/mt CFR for granular tons. Sources said inland buyers are also hesitant to buy as urea prices come off. Even with that hesitation, prices remained at $530/mt FOB ex-warehouse under light trading.
South Korea:
January 2022 exports of ammonium sulfate were reported at slightly more than 6,000 mt by Trade Data Monitor. This is a dramatic drop from the 51,000 mt exported in January 2021. Malaysia took 6,000 mt, leaving a few other buyers with only token tonnage.