U.S. Gulf:
NOLA potash barge values remained in the $675-$685/st
FOB range, steady from week-ago levels.
U.S.
Imports:
July-October
MOP imports were reported at 4.52 million st, rising 5.3 percent from the
year-ago 4.29 million st. October imports were up 24.3 percent, to 1.22 million
st from the prior-year 984,794.
July-October imports from Canada totaled 3.83 million
st, up 0.8 percent from the year-ago 3.80 million st. A 94,248 st October
showing from Belarus moved that country’s import total into second place, at
268,282 st for the July-October window, up 27.4 percent from the year-ago
210,619. Russia added 263,666 st for the period, up 5.9 percent from last
year’s 249,081 st.
Eastern Cornbelt:
The
potash market was quoted at $720-$730/st FOB in the Eastern Cornbelt, with Q1
rail-DEL offers reported in the same range. The Cincinnati market was pegged in
the $720-$725/st FOB range at midweek.
Western Cornbelt:
Potash remained at
$710-$725/st FOB and $715-$730/st rail-DEL in the Western Cornbelt, with the
low reported at St. Louis.
Southern Plains:
New potash postings from
Intrepid FOB Carlsbad, N.M., firmed
during the week to $780/st FOB for 60 percent white granular and $800/st FOB
for 62 percent white standard, up $105/st from the company’s last reference
prices.
California:
Potash
pricing jumped to $850-$870/st FOB in California for Q1 offers, up
significantly from the last reported
Q4 offers at $695-$705/st FOB. The lower end of the range was reported for 60
percent MOP and the high for 62 percent.
Pacific Northwest:
Potash prices were up
significantly in the Pacific Northwest, reportedly firming to $805-$825/st FOB
or DEL during the week, depending on grade and location, up from $785-$795/st
as the week began.
Intrepid announced higher
potash prices FOB Moab and Wendover,
Utah, with new levels firming to $775/st for 60 percent white standard and
$780/st for 60 percent white granular, up a full $105/st from the company’s
last published prices in October.
Western Canada:
Sources
reported truck pricing for potash in the C$955-$975/mt range FOB Saskatchewan
mines for prompt or Q1 offers, depending on grade.
Brazil:
The
port-side potash price remained relatively stable at $795-$830/mt CFR. Sources
said the stability came from a sense in the country that current supplies are
sufficient for the short term.
There
is concern, however, about how supplies will look into the second quarter of
2022. Sanctions by the U.S. against Belarus potash will take effect in May
2022. Local buyers are concerned about how that will impact availability. Of
more immediate concern were reports that Lithuania will not allow Belarus
potash to cross its borders to be shipped out of Klaipeda.
Rondonopolis
pricing dropped a bit, to $890-$980/mt FOB ex-warehouse.
SULFUR
SULFUR
Tampa:
Fourth-quarter
Tampa molten sulfur contracts were valued at $183/lt CFR. Rising values
reported from international markets were expected to pressure Tampa higher in
first-quarter 2022.
U.S.
refinery utilization held steady for the week ending Dec. 10, the Energy
Information Administration (EIA) reported. Refiners operated at 89.8 percent of
capacity through the period, unchanged from the prior week, but topping last
year’s 79.1 percent and the 89.7 percent five-year average.
Daily
crude inputs moved lower, however, to an average 15.670 million barrels/d from
the week-ago 15.785 million barrels/d, a 115,000 barrel/d decline.
U.S. Imports:
July-October
sulfur imports slipped 19.4 percent year-over-year, to 1.05 million st from
1.30 million st. October imports stood at 276,260 st, off 7.9 percent from the
year-ago 299,901 st.
U.S. Exports:
October
sulfur exports were up 138.8 percent, to 140,776 st from 58,956 st last year.
July-October volumes rose 8.8 percent, to 440,320 st from last year’s 404,592 st.
U.S. Gulf:
Updated pricing on sulfur tons selling from the U.S.
Gulf firmed to $240-$250/mt FOB during the week, including a reported 10,000 mt
FOB cargo priced at $250/mt FOB. Expectations for the next round of business
were heard in the $260s/mt FOB.
Brazil:
Recent
spot import cargoes into Brazil were reported firming to the $299-$304/mt CFR
range, up from $295-$299/mt FOB in the prior report. Contracts for
fourth-quarter delivery were quoted at $234/mt CFR, up from $221-$223/mt CFR in
the third quarter.
Vancouver:
Improving logistics at Vancouver allowed for firming
export values, sources said, with current prices climbing to $245-$252/mt FOB,
up from the prior $230-$235/mt FOB range.
Alberta:
Alberta netbacks were indicated in the $68-$182/mt
FOB range, an increase from the week-ago $68-$165/mt FOB.
West Coast:
Solid sulfur indications followed Vancouver higher,
to $245-$252/mt FOB, up from the previous West Coast range of $230-$235/mt FOB.
West Coast molten contracts were reported
in the $160-$170/lt FOB range for
fourth-quarter loading.
China:
Firming continued in the China spot import market
for the week, players said. Updated values were reported in the $300-$305/mt
CFR range, increasing from the week-ago $290-$295/mt CFR.
ADNOC:
ADNOC
offers for December were heard at $265/mt
FOB Ruwais, up $35/mt from $230/mt FOB in November.
Qatar:
Muntajat
prills for December were called $265/mt
FOB Ras Laffan. November values were reported at $226/mt FOB, a $39/mt
FOB difference.
Kuwait:
December prills were posted at $267/mt FOB from
Kuwait, sources said, an increase of $41/mt compared with November’s $226/mt
FOB offer.
SULFURIC
ACID
U.S. Gulf:
Sources
continued to call recent Gulf import sulfuric acid pricing in the $240-$245/mt
CFR range, unchanged from one week earlier.
U.S. Imports:
October
sulfuric acid imports were off 18.3 percent, to 295,158 st from 361,398 st in
the prior year. Imports fell 16.2 percent for July-October, to 1.20 million st
from the year-ago 1.43 million st.
U.S. Exports:
Sulfuric
acid exports for October firmed 72.9 percent, to 29,977 st from 17,336 st last
year. July-October exports were up 99.0 percent, to 155,457 st from 78,137 st
in the prior year.
Gulf
Coast:
Gulf
Coast sulacid contracts were reported at $85-$110/st DEL for 2021. Concluded
2022 annual contracts were quoted firming to $195-$230/st DEL, leaving the
market at a wide $85-$230/st DEL range for the week.
Midwest:
The
Midwest market mirrored the Gulf Coast at $85-$110/st DEL for 2021 and
$195-$230/st DEL for 2022.
West
Coast:
Annual
West Coast sulfuric acid contracts reported at $100-$130/st DEL for 2021 were
quoted firming to the $185-$220/st DEL range for 2022 agreements, leaving the
combined 2021-2022 market in the $100-$220/st DEL range.
Brazil:
Recent
Brazil import values were heard in the $260-$270/st CFR range, steady from the
prior report.
SPECIALTY
AMMONIUM
THIOSULFATE
Eastern Cornbelt:
The
ammonium thiosulfate market had reportedly firmed to $550-$600/st FOB in the
Eastern Cornbelt, with the low at Seneca, Ill., and the high for the last
confirmed business at Terre Haute, Ind. The Cincinnati market was quoted firmly
at the $580/st FOB level at midweek.
Western Cornbelt:
The last ammonium thiosulfate business was reported at the
$600/st level FOB Waterloo, Iowa, for limited tons.
California:
New ammonium
thiosulfate offers were quoted at the $440/st FOB level in California, up from
$380-$387/st FOB at last report.
Pacific Northwest:
The
ammonium thiosulfate market remained at $415/st FOB and $420-$440/st DEL in the
region in mid-December.
Western Canada:
The latest offers
for ammonium thiosulfate were pegged at the C$705/mt DEL level in Western
Canada.
CALCIUM AMMONIUM
NITRATE
California:
The CAN-17 market
in California remained at $420/st FOB Stockton and $435/st FOB Woodland and
Helm. Sources said a $30/st increase is scheduled at Stockton on Jan. 1,
however, with pricing on that date firming to $450/st FOB.
Pacific Northwest:
New
CAN-17 prices in the Pacific Northwest were reported at the $450/st level FOB
Kennewick, up $20/st from last report.
AN-20
California:
The AN-20 market
in California was quoted at $428/st DEL for December, up roughly $100/st from
fall pricing levels.
Pacific Northwest:
New AN-20 prices
in the Pacific Northwest were reported at the $450/st level FOB Kennewick, up
$20/st from last report.
NPSZ
Cornbelt:
The
NPSZ market was quoted in a broad $805-$855/st FOB range in the Cornbelt,
depending on location.
Pacific Northwest:
40-Rock
prices were unchanged at $910/st FOB and/or DEL in Idaho and $920/st DEL in
Washington and Oregon.
SULFATE
OF POTASH
U.S.
Imports:
SOP
imports firmed 177.7 percent for the July-October period, to 56,767 st from the
prior-year 20,442 st. Imports were down 70.3 percent in October, however, to
2,954 st from 9,958 st.
U.S.
Exports:
October
SOP exports were noted at 3,094 st, down 72.3 percent from the year-ago 11,173
st. Exports totaled 17,259 st in July-October, falling 4.8 percent from the
year-ago 18,132 st.
California:
SOP pricing
remained at $825-$840/st FOB in California for limited tons. Some sources
reported reduced SOP volumes on nuts and prunes this fall, citing higher input
costs and uncertainty about nut prices going forward.
SOP MAGNESIA
Southern Plains:
Intrepid raised its Trio
postings FOB Carlsbad, with new reference pricing reported at $445/st for
standard, $480/st for granular, $505/st for premium, $520/st for OMRI standard
and fine standard, and $555/st for OMRI granular. Those levels were up $75-$85/st
from the company’s last postings, depending on grade.
California:
The
SOP Magnesia market in California had reportedly firmed to $605/st FOB for
allocated tons, up from the last reported level of $525/st FOB for fall
pricing.
Pacific Northwest:
The
SOP Magnesia market was reported at the $625/st FOB level in the Pacific
Northwest, up $100/st from the last fall pricing offers.
POTASSIUM
NITRATE
California:
The
crystalline potassium nitrate market was quoted at $1,175/st FOB Stockton for
bulk tons, $1,285/st FOB for bulk bags, and $1,305/st FOB for 50-pound bags.
Those levels were up from November pricing at $1,070/st FOB for bulk, $1,230/st
FOB for bulk bags, and $1,250/st FOB for 50-pound bags.
POTASSIUM THIOSULFATE
Eastern Cornbelt:
Potassium thiosulfate pricing remained at $700/st FOB Terre Haute, Ind., for the last reported offers.
CROPS/WEATHER
Eastern Cornbelt:
High
winds caused power outages in parts of Illinois on Dec. 15-16, with top wind
speeds reported at 70 mph in some northern areas of the state and up to 40-50
mph in central Illinois. The same storm system had earlier hammered the Western
Cornbelt with tornados and 100 mph wind gusts, but it weakened as it approached
Wisconsin and Illinois.
Wet, windy weather was
also reported across central and northern Indiana at midweek, with reports of
50 mph wind gusts in parts of northern Ohio on Dec. 16.
Western Cornbelt:
Strong
storms caused widespread damage across parts of Iowa and Nebraska at midweek,
prompting multiple tornado warnings and a disaster declaration from Iowa Gov.
Kim Reynolds for 43 Iowa counties. Wind speeds over 90 mph were reported in
Lincoln, Neb., on Dec. 15, with multiple locations reporting gusts over 100
mph.
Strong
winds also battered parts of Missouri at midweek, with reports of up to 165,000
power outages in the Kansas City and St. Joseph areas.
California:
A
powerful weather system brought heavy rain and snow to California during the
week, resulting in numerous flash floods and mudslides.
Rainfall totals included more than 11 inches in some areas north of San Francisco, 8.1 inches in parts of Santa Barbara County, and nearly five inches in Orange County south of Los Angeles. Snow totals ranging from 3-5 feet were reported in the Sierra Nevada, along with 60 mph wind gusts.
The
heavy precipitation is desperately needed to pull the state out of critical
drought conditions. As of Dec. 16, most of California remained in
extreme-to-exceptional drought, with small patches of moderate-to-severe
drought reported in far northwestern and southern areas of the state.
Pacific Northwest:
A
strong storm brought winter weather conditions to much of the Pacific Northwest
at mid-month. In Oregon, heavy rain was reported in western areas of the state,
with freezing temperatures contributing to significant snowfall in the
Cascades.
Midweek
snowfall was also reported across Idaho, eastern Washington, and western
Montana, with several inches of accumulation reported in the valleys and
several feet at higher elevations in the mountains.
The
prior weekend brought heavy rain and gusty winds to western Washington as well,
along with significant mountain snowfall ranging from 18-24 inches at Snoqualmie and
Stevens Pass and as much as 3-4 feet at Mount Rainer and Mount Baker.
Western Canada:
Extremely
cold temperatures developed over much of Western Canada as the week progressed,
along with potentially heavy snowfall in some areas.
In
British Columbia, extreme cold warnings were in effect at midweek for the Peace
River and Dease Lake regions, with lows falling to -26 C and wind chills
dipping -40 C. Parts of Alberta and Saskatchewan experienced similar arctic
temperatures, with highs in Edmonton, Prince Albert, and Saskatoon failing to
climb above -20 C on Dec. 16.
Parts
of northern Manitoba were bracing for blizzard conditions on Dec. 16, with
reports of heavy snow and 60 km/h winds in Churchill and York. Snowfall was
also in the forecast for British Columbia’s Cariboo, West Columbia, and
Williston regions late in the week.
TRANSPORTATION
U.S. Gulf:
Forecasts
called for overnight fog delays throughout the Gulf starting around Dec. 14,
potentially triggering 8-12 delays on overnight movements.
Weekday Bayou Boeuf Lock navigation remained limited
to between 7:00 p.m. and 7:00 a.m. Transit was available on a 24-hour schedule
on Saturdays and Sundays.
Harvey Lock has been reported closed to traffic for
emergency repairs since Dec. 6, requiring vessels to detour through Algiers
Lock.
Shoaling reported at Mile 7 in the Houma Navigational
Canal limited vessel drafts to 11 feet at Miles 6-10, a Coast Guard safety
advisory indicated. Dredging reported at the site was projected to wrap up on
Dec. 22.
Bayou Chene floodgate construction limited travel to
7:00 p.m. to 7:00 a.m. nightly. Tows were reportedly capped at 600 feet of
length, while an assist vessel was required on all movements wider than 54
feet. Dive operations were projected to trigger intermittent shutdowns through
the area lasting up to 6-12 hours at a stretch.
Towing restrictions continued at Miles 113-116 of
the Atchafalaya River, located in the Morgan City area. Barge and vessel drafts
were limited to 10 feet due to extensive shoaling, while total tow sizes were
restricted to 600-foot lengths and 70-foot widths. Tows running longer than 400
feet were advised to use an assist tug. Vessels could bypass the restrictions
entirely by detouring through the Port Allen Route, according to Coast Guard
documents.
Ongoing length and width restrictions were reported
on travel through Algiers Lock, effectively capping unassisted travel to four
standard barges or two 30,000 mt tankers per lock, although larger movements
were available if accompanied by an assist vessel.
Belle Chasse Bridge construction projected to run
through late 2022 was likely to trigger intermittent navigational shutdowns,
with delays noted up to 12 hours at a time. The structure is located near Mile
3 in the West Canal.
Port Allen Lock continued to see lengthy delays,
with Corps data showing most lockages concluding in 1-2 days. Most Industrial
Lock wait times were reported at 11 hours or less, but intermittent delays
spiked to 25 hours or more during the week. Vessels passing Algiers Lock saw
wait times up to six hours, while Colorado Lock waits were posted up to 12.5
hours.
Mississippi River:
The conclusion of dredging activities at Mile 591 on
the lower Mississippi River allowed resumed movements through Miles 591-595.
Travel delays through the area were expected to persist into the week ahead. More
than 70 tows were reportedly queued to pass the site on Dec. 7.
Falling water levels at St. Louis further
constricted lower Mississippi River drafts to 10 feet for barges and vessels,
down from 10-11.5 feet at various points along the river in the prior report.
The river gauge at St. Louis returned a 0.4-foot depth reading on Dec. 15,
increasing from (-)0.05-feet on Dec. 8. In addition, a Wind Advisory on Dec. 15
was in effect for the St. Louis area through 2:00 a.m. on Dec. 16.
Shoaling reported at the upper river’s Mile 171
necessitated dredging in the area. Intermittent navigation stoppages and delays
were expected through approximately Dec. 21.
Locks
1-12 on the upper Mississippi River were closed for the winter navigation
season on Dec. 15. Lock 15 and Lock 24 are expected to shut for seasonal
maintenance on Jan. 1, 2022, with Lock 24 scheduled to reopen on Jan. 31.
Lock 15 is slated to reopen on March 3, while Locks
5 and 7 were due to return for the spring season on March 11. March 17 will see
Locks 5A, 8, and 10 resume lockages, while Lock 4 is tentatively set to reopen
on March 21.
Corps
data showed vessels delayed by up to 14 hours at Lock 27 through the week.
Illinois River:
Diving operations that began on Dec. 7 to repair the
Valley City Railroad Bridge, located at Miles 61-62 on the Illinois River, were
projected to conclude on Dec. 17. The work has interrupted movements daily
between 7:00 a.m. and 4:00 p.m.
Lock operators were heard lowering wickets at Peoria
Lock on Dec. 14 due to rising water levels, allowing boats through the
navigational pass. Prior to the wickets’ lowering, intermittent waits through
the site were noted up to 7.5 hours.
The Corps has scheduled a repair and maintenance
project at Brandon Road Lock from May 9 through Sept. 8, 2022. Daytime travel
will be unavailable from May 9 through Aug. 14, followed by a total shutdown from
Aug. 15 through Sept. 4. Daylight-hour closures will return on Sept. 5-8,
followed by the resumption of normal operation on Sept. 9. A 70-foot width
limit will be in effect on all lockages while the project is underway.
Dresden Island Lock delays were quoted up to 5.5
hours for the week. Boats passing LaGrange Lock saw wait times up to 12.5
hours.
Ohio River:
The Montgomery Lock main chamber is shut through
Dec. 22 for planned maintenance and repairs, forcing tows to lock one barge per
turn through the secondary chamber. Delays swelled to 7-9 days in each
direction during the week, increasing from 5-7 days in the prior report.
Hannibal Lock main chamber repairs reportedly ended
on schedule on Dec. 10. Additional repairs proposed by the Corps would prompt
navigational shutdowns between July 5 and Oct. 8, 2022. Emergency hydraulic repairs at Markland Lock
concluded on Dec. 8.
The
Dashields Lock auxiliary chamber remained closed to transport due to an
underwater obstruction blocking the lower miter gate. Passage through the site
remained possible through the main chamber.
A
Cannelton Lock repair proposed by the Corps would affect primary chamber travel
between July 5 and Nov. 11, 2022. Traffic is expected to run through the
auxiliary chamber while work is underway.
Miter
gate work kicked off in early November at the Tennessee River’s Kentucky Lock
concluded during the week, allowing traffic to resume through the site. Vessels
were previously reported detouring through Barkley Lock and the Barkley Canal,
adding 1-2 days of travel time in each direction. Minimal delays were reported
on Dec. 15.
Primary
chamber work at Wilson Lock scheduled for Feb. 23 through April 28, 2022, was
expected to prompt detours through the secondary chamber. The main chamber is
currently anticipated to open for a single time during the closure, on April
1-3.
The
Cumberland River’s Barkley Lock will undergo a round of main chamber shutdowns
daily between 6:00 a.m. and 6:00 p.m., on Jan. 15-30, 2022. Proposed
maintenance at Cheatham Lock will likely disrupt navigation between May 16 and
Aug. 4, 2022.
Transit
through the Allegheny River’s Lock 6 continued to be reported as unavailable
due to a damaged miter gate anchorage.