US Gulf:
Players put NOLA TSP barge pricing at $560-$585/st FOB, steady from the prior report.
Eastern Cornbelt:
The TSP market was steady at $600-$605/st FOB Cincinnati for the last confirmed offers.
US Gulf:
Players put NOLA TSP barge pricing at $560-$585/st FOB, steady from the prior report.
Eastern Cornbelt:
The TSP market was steady at $600-$605/st FOB Cincinnati for the last confirmed offers.
Eastern Cornbelt:
January phos acid postings in the Eastern Cornbelt were unchanged at $14.00/unit rail-DEL.
Western Cornbelt:
Phos acid pricing remained at $14.00/unit rail-DEL in the Western Cornbelt for January tons.
Northern Plains:
Phos acid pricing for January shipments was steady at $14.00/unit rail-DEL in the Northern Plains.
India:
India phosphoric acid contracts were reported in a $1,100-$1,200/mt P2O5 CFR range for the fourth quarter, off $515-$615/mt P2O5 from $1,715/mt P2O5 CFR in the second and third quarters.
Eastern Cornbelt:
10-34-0 was quoted at $665-$680/st FOB in the Eastern Cornbelt, depending on location.
Western Cornbelt:
10-34-0 was steady at $655-$675/st FOB in the Western Cornbelt, with the low reported in Nebraska and the high in Iowa.
Northern Plains:
The latest 10-34-0 offers were quoted at $655-$675/st FOB in the Northern Plains, with delivered pricing pegged in a broad range at $700-$750/st in central and western North Dakota.
Northeast:
10-34-0 prices in New York remained at $750/st FOB in late January.
US Gulf:
NOLA potash barge prices remained under pressure, moving down to $390-$410/st FOB from the week-ago $395-$420/st FOB.
Eastern Cornbelt:
Potash pricing was pegged at $465-$480/st FOB regional warehouses, with the low confirmed at Cincinnati. Potash in the Great Lakes region was pegged at $495-$515/st FOB, depending on grade and location, with the low reported at Toledo, Ohio, for March-April tons.
Western Cornbelt:
The potash market slipped to $450-$475/st FOB in the Western Cornbelt, with the low at St. Louis and the high reported in the Iowa market.
Northern Plains:
Sources quoted potash pricing down to $460-$480/st FOB St. Paul for fill tons, with delivered fill offers reported at the $485/st level in North Dakota. The latest prices FOB Saskatchewan mines, based on current exchange rates, were reported at $486-$527/st, depending on grade and time of delivery.
Northeast:
The potash market was pegged at $475/st FOB Fairless Hills and $480/st FOB East Liverpool, while Baltimore pricing reportedly ranged from $470-$495/st FOB, with the upper end reflecting Nutrien’s posted fill level in mid-January. Delivered potash was quoted in the $490-$505/st range in the Northeast, depending on supplier.
Eastern Canada:
Potash fill pricing in Eastern Canada was quoted at C$740-$745/mt FOB regional warehouses, but sources said the order window closed in mid-January. New offers for 2Q delivery were reportedly up C$60/mt, to C$800/mt FOB.
China:
Potash imports totaled 8 million mt in 2022, Trade Data Monitor reported, up4% from the year-ago 7.7 million mt. Canada led suppliers with 2.5 million mt, Belarus added 1.9 million mt, and Russia sent 1.7 million mt.
Fourth-quarter and second-half 2022 purchases differed marginally from the same periods in 2021. Fourth-quarter 2022 imports were 1.8 million mt compared to the year-ago 1.6 million mt, while July-December imports were 3.9 million mt, down from 4.1 million mt during the last semester of 2021.
December imports were pegged at 644,000 mt, up from the prior-year 290,000 mt.
Brazil:
The price for imported potash remained steady at $500-$520/mt CFR, with only limited deals done to set the market.
The Rondonopolis range moved up to $615-$660/mt FOB ex-warehouse. Sources said that buyers are presenting aggressive bids to lower the upper end of the range.
Indonesia:
PT Pupuk Indonesia is expected to call a new tender for the purchase of standard potash, after failing to secure tons under its earlier 200,000-250,000 mt purchase tender (GM Jan. 13, p. 14).
Tampa:
Phillips 66 successfully restarted the 272,000 barrel/d crude distillation unit (CDU) at its Bayway, N.J., refinery on Jan. 23, after the unit was shut down on Jan. 20, Genscape reported. The CDU and several other units are scheduled to enter a maintenance turnaround in early February.
The first-quarter contract price of molten sulfur delivered to Tampa was concluded at $130/lt CFR, up $40/lt from $90/lt CFR in the fourth quarter.
US refinery utilization continued to inch higher for the week ending Jan. 20, according to data from the Energy Information Administration (EIA), the industry’s third consecutive period of increasing capacity since Winter Storm Elliott’s deleterious pass through the US in late December.
Operable capacity firmed to 86.1% for the week, up 0.8 percentage points from 85.3% posted one week earlier, but lagged behind both the year-ago 87.7% and the five-year average of 87.8%.
Daily crude inputs were noted at an average 14.981 million barrels/d, a 128,000 barrel/d increase on 14.853 million barrels/d reported previously.
US Gulf:
Multiple units were shut down at the Marathon Galveston Bay, Texas, refinery on Jan. 22, according to Genscape, including a 280,000 barrel/d CDU and a 128,000 barrel/d vacuum distillation unit (VDU). A number of smaller units were taken offline over the Jan. 17-20 period.
Severe weather triggered a production outage at the Shell Deer Park refinery on Jan. 24, Reuters reported. Numerous unit shutdowns were also observed from the Pemex Deer Park facility, according to Genscape, including a 270,000 barrel/d CDU, 70,000 barrel/d CDU, and 115,000 barrel/d VDU.
Nothing new was reported in the US Gulf sulfur market during the week, leaving last-done in a $130-$135/mt FOB range. Citing softening international sentiment, players predicted lower pricing in the next round of business.
Brazil:
Market players continued to quote last-done Brazil spot pricing at $155/mt CFR, unmoved from the prior week.
Deteriorating international sentiment triggered speculation that prices could see declines in the short-term. One source attributed the softening to a temporary lack of demand created by the ongoing Lunar New Year holiday in China.
Based on minimal activity reported early in the January-March period, Brazil contract pricing for the first quarter was believed to land in a $172-$186/mt CFR range, rising from $119-$138/mt CFR in 4Q.
Vancouver:
Last-done at Vancouver continued to be heard in a $135-$140/mt FOB range, steady from one week earlier.
Alberta:
Alberta sulfur netbacks were indicated at $15-$70/mt FOB, unmoved from the prior report. The range included both molten tons contracted into the US market and prilled material selling internationally through the Vancouver export market.
West Coast:
West Coast prill indications were steady at $135-$140/mt FOB, unmoved from the prior report.
First-quarter molten sulfur contracts were $125-$135/lt FOB, sources said, rising from $75-$79/lt FOB in the prior period.
China:
With the China import market reported quiet due to the country’s ongoing Lunar New Year holiday, prices were unchanged at $155-$165/mt CFR.
ADNOC:
Abu Dhabi National Oil Co. solid sulfur cargoes were offered at $160/mt FOB for January, off $20/mt from $180/mt FOB in December.
Qatar:
Muntajat prills were reported at $155/mt FOB Ras Laffan for lifting in January, down $30/mt from $185/mt FOB in the prior period.
Kuwait:
Solid sulfur loading from Kuwait in January was heard at $154/mt FOB, off $29/mt from $183/mt FOB reported one month earlier.
Saudi Arabia:
Saudi Aramco has awarded a contract to longtime EPC partner Technip Energies to upgrade the sulfur recovery system at Aramco’s Riyadh Refinery, Technip announced on Jan. 25.
The company will install three new tail gas treatment units, improving efficiency and performance of the plant’s three existing sulfur recovery units (SRUs), while simultaneously reducing sulfur dioxide emissions. Technip designed and built the facility’s three SRUs in the early 2000s.
US Gulf:
With little activity reported in the international sulfuric acid markets, Gulf spot import price ideas continued in a $100-$110/mt CFR range, unchanged from one week earlier.
Brazil:
Low international liquidity and a resulting lack of spot activity left Brazil imports steady at $115-$125/mt CFR for the week, sources said.
Chile:
Sources put 2023 import contracts at $142-$148/mt CFR Mejillones, above $135-$145/mt CFR reported previously.
Eastern Cornbelt:
Ammonium thiosulfate prices dropped to $390-$410/st FOB in the Eastern Cornbelt, down from the previous $400-$450/st FOB range.
Western Cornbelt:
The ammonium thiosulfate market in the Western Cornbelt fell to $390-$400/st FOB in in late January.
Northern Plains:
No current bids were confirmed for ammonium thiosulfate in the Northern Plains. The last business was pegged at $435-$455/st FOB.
Eastern Canada:
The ammonium thiosulfate market moved to C$655-$685/mt FOB in Eastern Canada, up slightly from the prior C$649-$655/mt FOB range.
Cornbelt:
The NPSZ market remained in a broad range at $710-$750/st FOB in the Cornbelt, depending on location.
Eastern Canada:
Recent SOP pricing in Eastern Canada fell to C$1,273-$1,375/mt FOB, down some C$47/mt at the low end of the range.
Eastern Canada:
The SOP Magnesia market dropped to C$760-$873/mt FOB from the prior C$850-$873/mt FOB range.