All posts by hlancey@bloomberg.net

TSP

Brazil, Eastern Cornbelt, Triple Superphosphate, U.S. Gulf, Western Cornbelt

US Gulf:

NOLA TSP barges slipped to $445/st FOB, off from last week’s $445-$455/st FOB.

Eastern Cornbelt:

TSP was unchanged at $525-$540/st FOB in the Eastern Cornbelt, depending on location, with pricing at Cincinnati and Ottawa quoted at the $535/st FOB level. The TSP market in Michigan was pegged at $565/st DEL for December-January tons.

Western Cornbelt:

TSP slipped to a broad $495-$535/st FOB in the Western Cornbelt, with the low reported at St. Louis for February availability.

Brazil:

The landed price of TSP continued at $420-$440/mt CFR, unchanged from one week earlier. Offers were referenced in the $520-$525/mt FOB ex-warehouse range at Rondonópolis, falling from the week-ago $555-$560/mt FOB.

Phosphoric Acid

California, Eastern Cornbelt, Market Watch, Pacific N.W., Western Cornbelt

Eastern Cornbelt:

December phosphoric acid postings were steady at $11.90/unit rail-DEL in the Eastern Cornbelt.

Western Cornbelt:

The phos acid market remained at $11.90/unit rail-DEL in the Western Cornbelt for December tons.

California:

December pricing for phos acid was quoted at $12.00/unit rail-DEL in California, with MGA referenced at $12.20/unit FOB Lathrop.

Pacific Northwest:

Phos acid pricing for December was steady at $11.50/unit FOB Pocatello, Idaho, and $12.00/unit rail-DEL in the Pacific Northwest. No updated pricing for January has been reported.

Ammonium Polyphosphate

Ammonium Polyphosphate, California, Eastern Cornbelt, Market Watch, Pacific N.W., Western Canada, Western Cornbelt

Eastern Cornbelt:

10-34-0 remained at $520-$530/st FOB in the Eastern Cornbelt, depending on location and time of shipment.

Western Cornbelt:

10-34-0 firmed to $520-$550/st FOB in the Western Cornbelt for the latest offers, with the high confirmed in Iowa.

California:

10-34-0 in California was pegged at $569-$574/st FOB for December offers, while the latest 11-37-0 prices were reported at $620-$625/st FOB.

Pacific Northwest:

The 10-34-0 market in the Pacific Northwest remained at $555/st FOB. 11-37-0 pricing was quoted at $610/st FOB for December, with delivered tons in Idaho and Utah reported at the $600/st level.

Western Canada:

The 10-34-0 market in Western Canada firmed to a solid C$895/mt DEL for December-January tons, up from C$850-$855/mt DEL at last report.

Muriate of Potash

Brazil, California, China, Eastern Cornbelt, India, Market Watch, Pacific N.W., Potash Muriate, U.S. Gulf, Western Canada, Western Cornbelt

US Gulf:

The NOLA potash market remained at $320-$325/st FOB for the latest business, unchanged from last week.

Eastern Cornbelt:

Potash slipped to $375-$400/st FOB in the Eastern Cornbelt, down from last week’s $390-$415/st FOB range, with the low confirmed in Illinois for December-January offers. The Cincinnati market was pegged at $380-$400/st FOB in late December.

Western Cornbelt:

Potash dropped to $370-$400/st FOB in the Western Cornbelt, depending on location, with the St. Louis market reported at $370-$390/st FOB for the latest offers.

California:

Potash pricing remained at $530-$553/st FOB or DEL in California, depending on grade and location.

Pacific Northwest:

Potash was unchanged at $482-$508/st FOB or DEL in Pacific Northwest, with the high reflecting reference pricing for 62% MOP. The last postings from Intrepid FOB Moab and Wendover, Utah, included $435/st FOB for 60% white standard and $440/st for 60% white granular.

Western Canada:

Potash truck pricing in Western Canada was unchanged at C$575-$585/mt FOB Saskatchewan mines for November-December tons, depending on grade.

India:

November-October potash imports firmed 13% year-over-year, according to Trade Data Monitor, to 2.7 million mt from 2.4 million mt. India received 400,000 mt in October, above the 278,000 mt received one year earlier.

China:

Potash imports totaled 10.5 million mt in January-November, Trade Data Monitor reported, a 42% increase from the year-ago 7.4 million mt. Belarus sent 3 million mt, ahead of 2.7 million mt from Russia. November imports were 1.2 million mt, up from 639,000 mt in November 2022.

Brazil:

Imported potash prices dropped 6.5% week-over-week, to $285-$295/mt CFR from $305-$315/mt CFR, while rumors of lower prices went unconfirmed. A healthy expected import line-up has led sellers to offer pricing on a formula basis, sources said.

Rondonópolis prices weakened significantly, softening to $420-$450/mt FOB ex-warehouse from last week’s $440-$450/mt FOB, following the drop in CFR prices. Offer levels varied widely, and some suppliers seeking to thin high inventories were reportedly open to discounts.

Sulfur

ADNOC - Abu Dhabi, Alberta, Brazil, China, Qatar, Sulfur, Tampa, U.S. Gulf, Vancouver, West Coast

Tampa:

No movement was reported in negotiations for the first-quarter 2024 Tampa molten sulfur contract. Sources expect a decline from the fourth quarter’s $102/lt CFR.

US Gulf:

The US Gulf export market remained at $66-$72/mt FOB for the week, with players noting soft sentiment in most markets.

Brazil:

Brazil prices continued to slip during the week, to $94-$99/mt CFR from $98-$104/mt CFR at last report.

Vancouver:   

Vancouver prices pulled back to $70-$75/mt FOB, a $5/mt decline from the prior $75-$80/mt FOB range.

Alberta:

Alberta netbacks continued at (-)$13-$30/mt FOB, with both molten sulfur cargoes contracted into the US market and solid tons sold through the Vancouver export market represented in the range.

West Coast:

West Coast prilled sulfur softened to $70-$75/mt FOB. Fourth-quarter molten sulfur contracts were reported at $85-$90/lt FOB.

China:

Import prices at China continued at $102-$105/mt CFR, steady from the prior report. In addition to China’s restrictions on phosphate exports, sources reported a slowdown in advance of the upcoming local holidays, triggering expectations of lower prices ahead.

ADNOC:

Abu Dhabi National Oil Co. (ADNOC) sulfur was posted at $87/mt FOB Ruwais for loading in December, a decrease of 13% from $100/mt FOB in November.

Qatar:

December offers from Muntajat were reported at $85/mt FOB Ras Laffan, down 13.3% from November’s $98/mt FOB posting.

Ammonium Thiosulfate

Amthio, California, Eastern Cornbelt, Market Watch, Pacific N.W., Western Canada, Western Cornbelt

Eastern Cornbelt:

The ammonium thiosulfate market remained at $245-$270/st FOB in the Eastern Cornbelt, with the low confirmed at Terre Haute, Ind., and the high at inland terminals. The Cincinnati market was steady at $255/st FOB in late December. In the Great Lakes region, Michigan terminal prices were quoted in the $285-$300/st FOB range.

Western Cornbelt:

Ammonium thiosulfate was unchanged at $225-$260/st FOB in the Western Cornbelt, with the low confirmed at Waterloo, Iowa.

California:

Ammonium thiosulfate pricing was unchanged at $340/st FOB in California.

Pacific Northwest:

The ammonium thiosulfate market remained at $315/st FOB and $295/st DEL in Pacific Northwest.

Western Canada:

The ammonium thiosulfate market was quoted at the C$425/mt DEL level in Saskatchewan for the latest offers.