Western Cornbelt:
Ammonium nitrate pricing was unchanged at $400-$420/st FOB terminals in Missouri.
All posts by mickeybarb@charter.net
Ammonium Sulfate
US Gulf:
NOLA ammonium sulfate barge price indications dropped to $250-$275/st FOB for new business, with the high reflecting the recent fill program offer from Interoceanic (IOC) for shipments starting July 15.
Eastern Cornbelt:
Ammonium sulfate ranged broadly at $315-$385/st FOB in the Eastern Cornbelt, with the low reflecting summer fill offers from IOC out of Illinois and Ohio River terminals.
Western Cornbelt:
Granular ammonium sulfate prices slipped to $310-$360/st FOB in the region, with the low reflecting fill offers from IOC at St. Louis.
California:
The ammonium sulfate market was unchanged at $430-$465/st FOB in California, depending on grade, with rail-DEL offers in Northern California reported at a low of $420/st on a spot basis.
Pacific Northwest:
The ammonium sulfate market softened to $345-$400/st FOB or DEL in the Pacific Northwest, depending on grade and supplier.
Western Canada:
Ammonium sulfate prices in Western Canada fell to C$450-$460/mt DEL for July-August shipment, down from the previous C$510-$520/mt DEL range.
China:
Sources previously expected the bump in June caprolactam-grade amsul pricing to flatten into July. Instead, the price took another jump. Prices for caprolactam-grade settled at $115-$120/mt FOB for the week, while other grades were quoted as high as $125-$130/mt FOB.
Sources put part of the pricing increase to stepped-up domestic demand. One contact noted that steel-grade amsul, typically cheap compared to caprolactam-grade product, is going at rates above caprolactam-grade material due to strong demand for any version of the product. One of the driving forces seems to be the mining and processing of rare-earth metals in China, sources said.
Brazil:
Higher international market prices and increased demand in Brazil have combined to lift the landed price to $165-$170/mt CFR. This price is expected to be surpassed next week. Late-week offers were already in the $180s/mt CFR, and sources believed that $190/mt CFR could be achieved soon.
Rondonopolis amsul prices firmed to $295-$325/mt FOB ex-warehouse. The increase prompted some sellers to drop their price lists in favor of spot trades, to better deal with the volatile market.
DAP/MAP
Central Florida:
Central Florida values remained unchanged during the week. Truck-loaded DAP was posted at $470/st FOB, unmoved from the prior report, while MAP trucks were offered at $500/st FOB, also steady from one week earlier.
North Florida MAP postings were flat at $600/st FOB, sources said.
US Gulf:
DAP moved up slightly. Market sources put prices at $445-$460/st FOB, above the week-ago $445-$457/st FOB, with domestic product reported at the top of the range.
MAP prices firmed on reports of limited availability, lifting to $465-$485/st FOB from the prior $465-$475/st FOB. Sources reported a general feeling of tightness in the NOLA market.
US Exports:
Sources reported an adjustment to last week’s reported $435/mt FOB DAP business, calling the deal closer to $438/mt FOB. The cargo, expected to total 10,000-15,000 mt, was slated to load in late July or early August.
Eastern Cornbelt:
DAP was quoted at $510-$530/st FOB in the Eastern Cornbelt, with the low confirmed at Cincinnati, reflecting another $10/st drop from last week. MAP was reported at $540-$560/st FOB in the region, depending on location, with the Cincinnati market pegged at the $545/st FOB level.
Phosphate prices were down significantly in the Northeast, with the latest East Liverpool, Ohio, offers reported at $550/st FOB for DAP and $575/st FOB for MAP, down some $85-$100/st from the last confirmed June prices.
Western Cornbelt:
DAP was flat at $500-$530/st FOB in the Western Cornbelt, depending on location, with the low confirmed at St. Louis. MAP was pegged at $520-$550/st FOB in the region, with the low again reported at St. Louis.
California:
MAP pricing in California moved down to $625/mt FOB or DEL, well below spring pricing levels in the $780-$800/mt range.
Pacific Northwest:
MAP prices dropped sharply in the Pacific Northwest, to $600-$610/st FOB or DEL from the previous $760-$780/st range.
Western Canada:
MAP was also lower in Western Canada, falling to C$815-$830/mt FOB and C$810-$825/mt rail-DEL for the latest offers, down from C$850-$860/mt FOB at last report.
China:
Sources reported an increase in DAP available for export and a corresponding decline in prices. Traders now put the export price at $435-$440/mt FOB.
India:
Sources described the market as continuing to focus on contract sales, with no new spot deals done. Discussions for new spot business were noted down to $445-$450/mt CFR.
Brazil:
Increased demand for MAP pushed the price up to $445-$455/mt CFR. Sellers ended the week with offers at $460-$4705/mt CFR, with every expectation of achieving those levels next week.
Inland prices showed a minor tick up to $575-$605/mt FOB ex-warehouse in Rondonopolis. Sources attributed the market’s strength to increased demand in the country’s south and southwest regions.
TSP
US Gulf:
Players noted NOLA TSP barge pricing firming to a $380-$385/st FOB range. The market was reported at $375-$380/st FOB last week.
Eastern Cornbelt:
The TSP market remained at $475/st FOB Cincinnati for the latest offers.
Western Cornbelt:
TSP was unchanged at $450/st FOB St. Louis in early July.
Brazil:
The landed price edged upward to $360-$365/mt CFR. The Rondonopolis price followed imports higher, rising $10/mt to $500/mt FOB ex-warehouse.
SSP
Brazil:
The price range picked up from last week. Sources now put the landed price for SSP 19-21 at $195-$220/mt CFR. The Rondonopolis price widened to $320-$395/mt FOB ex-warehouse on reports of thin supply.
16-20-0
California:
Prices for 16-20-0 were down dramatically in California, falling to $490-$497/st FOB from the prior $600-$607/st FOB range, with the low reported at Lathrop and the high at Richvale.
Pacific Northwest:
16-20-0 prices plunged to $475/st FOB or DEL in the Pacific Northwest, down from the prior $575-$585/st level.
Phosphoric Acid
Eastern Cornbelt:
July phosphoric acid postings in the Eastern Cornbelt firmed to $9.65/unit rail-DEL, up from June’s $9.50/unit DEL posting.
Western Cornbelt:
Phos acid postings moved to $9.65/unit rail-DEL in the Western Cornbelt for July tons, up from $9.50/unit rail-DEL in June.
California:
July pricing for phos acid dropped to $9.75/unit rail-DEL in California, down from June’s $14.00/unit rail-DEL posting, with MGA falling to $9.95/unit FOB Lathrop.
Pacific Northwest:
July phos acid pricing fell to $9.25/unit FOB Pocatello, Idaho, and $9.75/unit rail-DEL in the Pacific Northwest, down from June’s $14.00/unit DEL level.
India:
Contracts for phos acid cargoes delivered to India settled at $850/mt P2O5 CFR for the third quarter. The new price was down $120/mt from $970/mt P2O5 CFR in the second quarter, and $200/mt below the $1,050/mt P2O5 CFR first-quarter contract.
Ammonium Polyphosphate
Eastern Cornbelt:
The last 10-34-0 prices were reported at the $450/st FOB level in Ohio for limited fill offers in late June. No other programs or prices were confirmed during the week.
Western Cornbelt:
10-34-0 was steady at $655-$675/st FOB for the last confirmed prompt offers in the Western Cornbelt.
California:
New 10-34-0 offers in California for July fell to $465-$470/st FOB Helm, down significantly from June’s $691-$696/st FOB range. 11-37-0 pricing was also down sharply, to $506-$511/st FOB El Centro from the prior $753/st FOB level.
Pacific Northwest:
The 10-34-0 market dropped on July 1 to $440-$460/st FOB in the Pacific Northwest, down from the prior $650-$685/st FOB range. 11-37-0 pricing also fell in July, to $475/st FOB from $745/st in June.
Western Canada:
The 10-34-0 market in Western Canada was pegged at the C$945/mt DEL level in early July. “The price has not reset yet from spring,” said one regional contact.
Muriate of Potash
US Gulf:
NOLA potash barges dropped to $345-$365/st FOB for the latest indications, down from last week’s long-standing $380-$400/st FOB range, though new business was hard to come by as the industry awaits the launch of potash fill programs later this month.
Potash terminal pricing was pegged at $395-$425/st FOB in the Eastern Cornbelt, depending on location. The latest Cincinnati offers were confirmed at $400/st FOB at midweek, below the last reported $405-$410/st FOB range.
Western Cornbelt:
Potash pricing remained at $395-$425/st FOB in the Western Cornbelt, with the low confirmed at St. Louis and the high in Iowa. Sources said no potash fill programs were announced during the holiday-shortened week.
California:
Potash was steady at $605-$615/st FOB and $610-$620/st DEL in California.
Pacific Northwest:
The potash market in the Pacific Northwest remained at $525-$540/st FOB, with reference pricing steady at $560/st DEL for 60% MOP and $570/st DEL for 62% MOP.The last potash postings FOB Moab and Wendover, Utah, included $505/st for 60% white standard and $515/st for 60% white granular.
Western Canada:
Potash pricing for truck tons at the mine in Saskatchewan remained in the C$680-$695/mt FOB range, depending on grade. No potash fill programs were on the table in early July.
Brazil:
Stronger demand lifted the import price to $330-$340/mt CFR. The price in Rondonopolis tightened on the lower end of the range, however, to $435-$480/mt FOB ex-warehouse.
Sulfur
Tampa:
Third quarter Tampa molten sulfur contracts are expected to settle soon, possibly as early as next week. Market rumors focused on a possible $30-$40/lt drop from the second quarter’s $103/lt CFR price, placing speculation in a general $63-$73/lt CFR range.
US Gulf:
Multiple transactions took place this week in the range of $57-$61/mt FOB, slightly above the week-ago $55-$60/mt FOB. Sources continued to note a general feeling of balance in the market.
Brazil:
A CMOC tender expected to close soon was likely to land pricing around $80-$85/mt CFR, sources said. Players reported demand from other importers for second-half August arrival. Buyers are expecting a price in the $70-$75/mt CFR range, although some sources described those expectations as below the current market.
Vancouver:
Prices remained unchanged from last week’s $60-$70/mt FOB.
Alberta:
Based on molten sulfur cargoes contracted into the US market and prilled material tons sold internationally through the Vancouver export market, estimated Alberta sulfur netbacks were unchanged in a (-)$12-$33/mt FOB range.
West Coast:
West Coast prills remained on par with Vancouver in a $60-$70/mt FOB range.
Molten sulfur contracts were reported at $98-$106/lt FOB for second-quarter loading, falling from $125-$135/lt FOB in the prior period.
China:
Prices were stable, and continued to be reported at last week’s $80-$85/mt CFR level.
ADNOC:
With no changes reported, third-quarter Abu Dhabi National Oil Co. (ADNOC) prilled sulfur contracts continued to be called $65/mt FOB Ruwais. Posted prices for June were $86/mt FOB Ruwais, with no updated offers for July reported during the week.
Qatar:
Muntajat solid sulfur was posted at $63/mt FOB Ras Laffan for July loading, a 26.7% drop from June’s $86/mt FOB offer.