U.S. Gulf:
New AdvanSix postings lowered price ideas for NOLA ammonium sulfate. Based on the upriver postings and recent offers, sources put the NOLA market within the $450-$465/st FOB range, down from $500-$530/st FOB.
Eastern Cornbelt:
Granular ammonium sulfate pricing fell to $595-$640/st FOB for prompt pull in the Eastern Cornbelt, down from the prior week’s $625-$655/st FOB range, with the low confirmed out of spot Illinois River terminals. The Cincinnati market was pegged at $610-$615/st FOB at midweek.
AdvanSix on June 30 issued new Midwest pricing for granular ammonium sulfate at $480/st FOB river terminals in Illinois and Wisconsin, with inland warehouses priced at traditional premiums over the river. The company said product at this pricing level will be available for delivery starting July 15.
Western Cornbelt:
Granular ammonium sulfate pricing slipped to $575-$640/st FOB in the Western Cornbelt for prompt tons, with the low confirmed at St. Louis and reflecting a $20/st drop from last report. In the Northern Plains, new offers FOB Sioux City, Iowa, were quoted at the $615/st level.
June 30 granular ammonium sulfate postings from AdvanSix dropped to $480/st FOB river terminals in Missouri, Nebraska, Iowa, Minnesota, and the Dakotas. The company said inland warehouses will be priced at traditional premiums over the river, and product will be available for delivery starting July 15.
Southern Plains:
Granular ammonium sulfate was quoted at $550-$560/st FOB Houston and $625/st FOB Catoosa/Inola. Some contacts reported Houston pricing at significantly lower levels based on netbacks, however, with prices falling to the mid-$400s to low-$500s/st on some deals.
South Central:
Ammonium sulfate pricing was quoted at $620-$645/st FOB most South Central terminals, down from $650-$670/st FOB the week before, with the low confirmed at Memphis and the high at Shreveport and Little Rock, Ark.
Southeast:
Ammonium sulfate postings from AdvanSix FOB Hopewell, Va., remained at $670/st for granular, $630/st for mid-grade, and $610/st for standard. Pricing in the Florida market was steady at $635/st FOB or DEL for standard and $735/st FOB or DEL for granular.
Brazil:
Ammonium sulfate prices in Brazil rose in tandem with the increase in urea prices. Sources now put the market at $340-$370/mt CFR.
International sources said earlier in the week that exports of byproducts, such as much of the amsul on the global market from China, were slowing down because of cuts in industrial output. One trader said it was becoming more difficult to assemble the larger cargoes necessary to make a journey to Brazil economical.
The Rondonópolis ammonium sulfate price held relatively stable at $450-$520/mt FOB ex-warehouse.
Turkey:
January through May 2022 imports were reported at 653,000 mt by Trade Data Monitor. This was up by more than a third from the 482,000 mt imported during the same period of 2021. China dominated the supplies, sending 535,000 mt.
May 2022 imports were reported at 78,000 mt, down 24% from the 102,000 mt imported during May 2021. China with 61,000 mt and Belgium with 15,000 mt were the two major suppliers in May.