US Gulf:
TSP barges were last heard in a $600-$610/st FOB range, unmoved from one week earlier.
Eastern Cornbelt:
The TSP market remained in a broad range at $755-$785/st FOB Cincinnati, depending on supplier.
Western Cornbelt:
The TSP market was steady at $750-$760/st FOB in the Western Cornbelt.
South Central:
TSP warehouse pricing in the South Central region remained at $750-$760/st FOB, with the low at Memphis and the high at Little Rock, Ark.
Eastern Cornbelt:
November phos acid postings in the Eastern Cornbelt remained at $14.00/unit rail-DEL.
Western Cornbelt:
Phos acid pricing was unchanged at $14.00/unit rail-DEL in the Western Cornbelt for November tons.
Southern Plains:
November pricing for phos acid remained at $14.00/unit rail-DEL in the Southern Plains.
India:
Phosphoric acid cargoes delivered to India were contracted in a $1,100-$1,200/mt P2O5 CFR range for the fourth quarter, off $515-$615/mt from the $1,715/mt CFR reported in the second and third quarters.
Eastern Cornbelt:
10-34-0 pricing was unchanged at $665-$675/st FOB in the Eastern Cornbelt, with pricing out of Michigan warehouses pegged at the $680/st FOB level.
Western Cornbelt:
10-34-0 was quoted at the $655-$675/st FOB level in the Western Cornbelt for the last confirmed offers.
Southern Plains:
The 10-34-0 market was steady at $660-$670/st FOB in the Southern Plains. One source commented that the market appears weak, with “plenty of product” and sellers anxious to move tons, “but the buying interest isn’t there.”
The last confirmed 11-37-0 offers in Texas fell in a broad $750-$800/st FOB range, depending on location and supplier.
US Gulf:
NOLA potash barge prices were put in the $520-$530/st FOB range, broadening the week-ago $520-$525/st FOB.
Eastern Cornbelt:
The potash market continued to be quoted at $610-$630/st FOB in the Eastern Cornbelt, with the low confirmed at Cincinnati. Offers out of most other Ohio River terminals fell in the $615-$620/st FOB range during the week.
Western Cornbelt:
Potash prices continued to be reported in the $595-$610/st FOB range in the Western Cornbelt, with the low confirmed at St. Louis.
Southern Plains:
The latest potash warehouse pricing in the Southern Plains was reported at $590-$615/st FOB, with the low confirmed at Catoosa/Inola and the high at Houston. The last official potash postings from Intrepid FOB Carlsbad, N.M., remained at $855/st for 60% white granular and $875/st FOB for 62% white standard.
South Central:
The potash market was pegged at $620-$640/st FOB in the South Central region, with the low confirmed in Arkansas and Kentucky and the high at Memphis.
Southeast:
Potash pricing slipped to $620/st FOB Wilmington, down $20-$30/st from last report, with sources speculating that even better deals might be available.
China:
Imports of MOP for January through October 2022 were reported at 6.7 million mt, according to Trade Data Monitor. This is marginally up from the 6.69 million mt imported during the same period of 2021. Canada was the main supplier with1.9 million mt. Belarus and Russia were a close second and third, with about 1.6 million mt each during the January through October period.
October 2022 MOP imports were reported at 514,000 mt, down 17% from the 619,000 mt imported during October 2021. Canada accounted for about 40% of the imports with 198,000 mt. Israel covered another quarter of the imports with 124,000 mt.
Brazil:
In limited trading, prices settled at $520-$540/mt CFR. Large inventories continue to foil any attempts to move prices up even as costs increase. Sources note some importers are carrying not only the cost of the product, but the storage fees until buyers re-enter the market. Some have said the cost of holding on to the MOP while waiting for buyers is adding 30% to their costs, making the product more expensive each day, without a promise of a return on the investment.
The oversupply of MOP is leading to further price deterioration. Sources now put the Rondonopolis market at $660-$715/mt FOB ex-warehouse. This is a $20/mt drop from just a week ago.
Tampa:
Molten sulfur tons delivered to Tampa in the fourth quarter were contracted at $90/lt CFR, a $262/lt decline from $352/lt CFR in the third quarter.
Due to the holiday-shortened week, US Energy Information Administration refinery capacity utilization and crude input data was unavailable at press time. Nationwide utilization was reported at 92.9% for the week ending Nov. 11. Crude inputs averaged 16.152 million barrels/d through the period.
US Gulf:
Recent Gulf export pricing continued to be noted in a $147-$155/mt FOB range, unchanged from the prior week.
Brazil:
Last-done at Brazil was called $185-$190/mt CFR, steady from one week earlier.
Fourth-quarter contracts at Brazil were reported at $119-$138/mt CFR. Minimal contracting was reported in the third quarter.
Vancouver:
Pricing at Vancouver continued to be heard in a $150-$160/mt FOB range, unchanged from the prior report. Firming expectations at China were likely to trigger higher pricing in the next round of business, some previously argued.
Alberta:
Sulfur loading from Alberta was indicated netting back (-)25-$90/mt FOB to sellers. The wide range included pricing from both molten tons contracted into the US market and prilled material selling offshore through the Vancouver export market.
West Coast:
West Coast prilled sulfur values continued to be indicated at $150-$160/mt FOB for the week.
Fourth-quarter molten sulfur contracts were called $75-$79/lt FOB, a decline from $370-$385/lt FOB in the prior quarter.
China:
Recent China spot pricing was noted in a $190-$195/mt CFR range, steady from the prior week. Players generally expected a move to $200/mt CFR or above in the next round of business.
ADNOC:
Solid sulfur produced by the Abu Dhabi National Oil Co. was noted at $140/mt FOB Ruwais for November loading. The market was reported at $103/mt FOB for October, $37/mt below the current level.
Qatar:
Muntajat November prills were heard at $149/mt FOB Ras Laffan, up $45/mt from $104/mt FOB in October.
US Gulf:
No changes were reported in the Gulf sulfuric acid import vessel market. Price ideas were previously observed in a $100-$110/mt CFR range.
Brazil:
Recent Brazil spot price ideas were noted in a $120-$130/mt CFR range.
Eastern Cornbelt:
Ammonium thiosulfate pricing was unchanged at $400-$450/st FOB in the Eastern Cornbelt, depending on location and time of shipment.
Western Cornbelt:
Ammonium thiosulfate remained in a wide range at $350-$450/st FOB in the Western Cornbelt, with the low reported in Nebraska and the high in Iowa.
Southern Plains:
Ammonium thiosulfate prices in Texas were unchanged at $350/st FOB Houston and $400/st FOB Lubbock.
South Central:
New ammonium thiosulfate offers in Memphis were quoted at the $440/st FOB level, up slightly from the last confirmed $430-$435/st FOB range.
Cornbelt:
The NPSZ market was steady at $850-$885/st FOB in the Cornbelt, depending on location.
Southeast:
The SOP market was pegged in a broad range at $950-$1,010/st FOB in the Southeast, with the low reported at Wilmington and the high in Florida.
Southern Plains:
The last reference prices for Trio FOB Carlsbad included $480/st for standard, $515/st for granular, $540/st for premium, $555/st for OMRI standard and fine standard, and $590/st for OMRI granular.
