US Gulf:
While NOLA ammonium sulfate barges continued to be called $320-$330/st FOB, some players indicated that the higher end of the range was starting to meet resistance.
Eastern Cornbelt:
The granular ammonium sulfate market was unchanged at $370-$390/st FOB in the Eastern Cornbelt, depending on location.
Western Cornbelt:
Granular ammonium sulfate remained at $360-$390/st FOB in the Western Cornbelt, with the low at St. Louis and the high reported in Iowa.
Southern Plains:
The granular ammonium sulfate market firmed slightly to $360-$390/st FOB in the Southern Plains, up $10/st from last report, with the low confirmed at Houston and the high at Catoosa/Inola.
South Central:
Ammonium sulfate prices remained in a broad range at $345-$375/st FOB in the region, with the low confirmed in Mississippi and the high in Arkansas.
Southeast:
Ammonium sulfate prices were reportedly falling in the Southeast. While official postings were unchanged, sources reported the latest business down to $315/st FOB/DEL for standard and $365-$400/st FOB/DEL for granular.
China:
A tender from India for 20,000 mt of caprolactam-grade ammonium sulfate closed this week. sources said, with prices reported at $128-$130/mt FOB China. The lower price, said one trader, was in line with expectations. Prices had been softening in recent weeks, leading some to speculate that sub-$130/mt FOB was not far off.
January-March ammonium sulfate exports totaled 2.8 million mt, Trade Data Monitor reported, up 19% from the year-ago 2.4 million mt.
March amsul exports were counted at 1 million mt, an increase from 758,000 mt exported in March 2022. The two largest suppliers were Brazil with 254,000 mt, and Myanmar with 159,000 mt.
Brazil:
Prices tightened to $185-$190/mt CFR on increased demand, while supplies from China remained steady.
The tightness was also reflected at Rondonopolis, as the price range settled at the week-ago high of $320/mt FOB ex-warehouse. Sources attributed the firmer market to both the rising urea price and limited availability of amsul from local distributors.