US Gulf:
NOLA ammonium sulfate barges were flat at $280/st FOB for the latest trades and indications, unchanged from last week.
Eastern Cornbelt:
Granular ammonium sulfate was pegged at $320-$345/st FOB in the Eastern Cornbelt, with the Cincinnati market quoted at the $330-$340/st FOB level at mid-month.
Western Cornbelt:
Granular ammonium sulfate was reported at $325-$340/st FOB in the Western Cornbelt.
Southern Plains:
The granular ammonium sulfate market remained at $330-$340/st FOB in the Southern Plains, with low reported at Houston, Texas, and the high at Catoosa/Inola.
South Central:
Granular ammonium sulfate was unchanged at $320-$340/st FOB in the South Central region, with the low confirmed at Memphis and the high in Arkansas.
Southeast:
The granular ammonium sulfate market was quoted at $300-$320/st FOB in the Southeast, with the low confirmed in Alabama and the high in Florida. Postings from AdvanSix FOB Hopewell, Va., included granular at $315/st FOB, mid-grade at $295/st FOB, and standard at $275/st FOB.
China:
Ammonium sulfate prices remained stable-to-soft despite reduced production and steady demand for export-quality caprolactam grade amsul. Currency fluctuations are largely responsible for the pricing situation, sources said.
A TCC selling tender for 10,000 mt of capro grade amsul has reportedly generated an export-equivalent price of $141-$142/mt FOB. In an unusual move, TCC marked the tons for November shipment. Amsul sales are not typically made so far in the future. Sources described the timing as an indication of how tight the market has become. Producers have been declaring sold-out positions and a lack of product for spot sales.
South Korea:
South Korea’s ammonium sulfate exports fell 48% in January-August, according to Trade Data Monitor, to 64,000 mt from the year-ago 123,000 mt. New Zealand took 57,000 mt, for 90% of the exports. August exports totaled just 43 mt, down from the 19,000 mt shipped in August 2023.
Brazil:
Brazil granular ammonium sulfate prices dropped to $180-$190/mt CFR, a $3/mt decline at the lower end of the range. Demand has slowed as market participants focus on soy planting, postponing purchasing decisions for the safrinha.
The Rondonópolis market held steady week-over-week, with negotiations at $290-$305/mt FOB. 20-00-20 prices continued around the $380-$405/mt FOB mark.
September imports are projected near 700,000 mt, off slightly from earlier forecasts, though some volume may be pushed back to October due to a concentration of imports in Brazil’s southern regions.