US Gulf:
NOLA ammonium sulfate barge prices shot up to $320-$330/st FOB from the week-ago $305-$310/st FOB. Tons for April loading were reported trading at $330/st FOB, with May at $320/st FOB.
Eastern Cornbelt:
The granular ammonium sulfate market remained at $370-$385/st FOB in the Eastern Cornbelt, with the Cincinnati market pegged at $370-$380/st FOB.
Western Cornbelt:
Granular ammonium sulfate was unchanged at $360-$390/st FOB in the Western Cornbelt, with the low at St. Louis and the high reported in Iowa. “I’m curious to hear whether prices in the Cornbelt will increase due to river transit issues, but it may be too early to tell,” said one contact.
Other ammonium sulfate suppliers said prices were already trending higher, with some locations sold out of product in late April.
Northern Plains:
Delivered pricing for granular ammonium sulfate in the Northern Plains remained at the $380-$400/st level in late April. The last postings from IOC included $370/st FOB Upper Mississippi River terminals, $385/st FOB Casselton and Sioux City, Iowa, and $385/st rail-DEL in the Northern Plains.
Northeast:
The ammonium sulfate market was pegged at $400-$410/st FOB and $450-$470/st DEL in the Northeast at mid-month.
Eastern Canada:
Ammonium sulfate was quoted at C$690-$825/mt FOB in Eastern Canada, down from the prior low of C$720/mt FOB.
China:
Sources put the price in the upper-$140s/mt FOB, but without any deals to confirm that level. The softness at China is coming from stepped-up industrial output and limited demand from buyers in Southeast Asia, sources said.
Brazil:
The rising price of urea on the global market is having an impact on Brazilian amsul prices. Sources now peg the landed price at $175-$190/mt CFR. Rondonopolis also moved up, to $300-$320/mt FOB ex-warehouse.
Sources said a growing shortage of ammonium sulfate in Brazil and higher urea prices are combining to push prices higher.