US Gulf:
The NOLA ammonium sulfate barge market dropped to $275/st FOB, reflecting fill program offers from Interoceanic (IOC) announced on June 27 for shipments starting July 15.
Eastern Cornbelt:
Ammonium sulfate prices remained at $385-$400/st FOB Cincinnati at the high end of the range, though sources reported limited supply in late June. IOC’s summer fill pricing for granular ammonium sulfate included $315/st FOB Illinois and Ohio River terminals for shipments starting July 15.
Western Cornbelt:
Granular ammonium sulfate prices in the Western Cornbelt were lower in the wake of a fill program from IOC. Announced on June 27 for shipments starting July 15, the program includes granular sulfate at $310/st FOB St. Louis; $315/st FOB Upper Mississippi River terminals; $325/st FOB Sioux City, Iowa, Omaha, Neb., and Casselton, N.D.; and $320/st rail-DEL in the Northern Plains.
Southern Plains:
Granular ammonium sulfate started the week at $345-$370/st FOB, with the low at Houston and the high at Catoosa/Inola. On June 27, however, IOC posted a fill program at $300/st FOB Houston for shipment starting July 15.
South Central:
Granular ammonium sulfate slipped to a broad $310-$390/st FOB in the South Central region, with the low reflecting IOC’s June 27 fill program offer out of Delta terminals. The high end of the range continued to be reported in the Arkansas market on a spot basis.
Southeast:
Granular ammonium sulfate slipped to $350-$405/st FOB in the Southeast, with the low for recent fill offers from IOC at Tampa and the high at Hopewell, Va. Delivered granular pricing remained in a broad range at $375-$450/st in the region, while standard grade was quoted at a low of $280/st FOB or DEL in the Florida market.
China:
Increased demand from Brazil and Southeast Asia has begun to lift prices. Most talks have centered on $105-$110/mt FOB, sources noted, with reports of some small deals done at that level. A reported sale to a regional buyer, said to net back in the upper-$90s/mt FOB, was dismissed as older business being tossed in by buyers to slow down the price increases.
Brazil:
The rise in urea prices has prompted more demand for ammonium sulfate. Sources now put the landed price at $155-$165/mt CFR, up from $135-$145/mt CFR reported last week.
In Rondonopolis, sellers were noted pushing hard to break past the $310/mt FOB ex-warehouse mark. While unsuccessful in lifting the highs, they were able to bring up the market’s low end to $290/mt FOB from the week-ago $270/mt FOB.
Thailand:
Imports of ammonium sulfate totaled 87,000 mt in January-May, Trade Data Monitor reported, down from the prior-year 167,000 mt. May imports were 20,000 mt, below the 56,000 mt received in May 2022. Taiwan shipped 10,000 mt for the month, while China and Madagascar sent 8,000 mt and 2,000 mt, respectively.
Turkey:
January-May ammonium sulfate imports stood at 540,000 mt, according to Trade Data Monitor, down from 653,000 mt in January-May 2022. Turkey received 51,000 mt in May, off slightly from the year-ago 78,000 mt. Belgium supplied 29,000 mt, followed by China with 12,000 mt and 10,000 mt from Finland.