All posts by mickeybarb@charter.net

UAN

California, Eastern Cornbelt, Great Lakes, Market Watch, Northeast, Northern Plains, U.S. Gulf, UAN, Western Cornbelt

U.S. Gulf:

The UAN market may have gone into “shock” mode after CF announced new inland pricing on March 4 that was up approximately $90/st FOB. Sources had earlier said UAN offers had been pulled while sellers assessed higher postings in light of the run up in other nitrogen price. However, the amount of the increase was a bit surprising to some.

Going into the announcement, sources put the last NOLA trade at around the $220/st FOB ($6.88/unit) mark, with anticipation that the next trade would certainly be up. Rather than an anticipated incremental jump to $230-$250/st FOB, sources said after the CF news, sources were expecting $280-$300/st FOB for the next physical trades, with those numbers already reported on the paper market.

Eastern Cornbelt:

CF on March 4 released limited new UAN-32 prices that show a roughly $90/st increase from the company’s early February postings.

New offers for spring tons reportedly include $300/st ($9.38/unit) FOB Yazoo City, Miss.; $300-$310/st ($9.38-$9.69/unit) FOB Donaldsonville, La.; $325/st ($10.16/unit) FOB Mount Vernon, Ind.; and $327/st ($10.22/unit) FOB Cincinnati. Those levels reflect a significant hike from the last offers at Cincinnati, which reportedly included $250/st ($7.81.unit) FOB for UAN-32 and $235/st ($8.39/unit) for UAN-28.

Western Cornbelt:

New offers for spring UAN-32 tons from CF firmed on March 4 to $310-$320/st ($9.69-$10.00/unit) FOB Port Neal, Iowa; $325/st ($10.16/unit) FOB St. Louis; $340/st ($10.63/unit) FOB Garner, Iowa; and $345/st ($10.78/unit) FOB Hastings, Neb. Offers for June tons FOB Woodward, Okla., were reported at the $320/st ($10.00/unit) FOB level.

Northern Plains:

Sources said previous UAN-32 prices at $275/st ($8.59/unit) FOB Winona, Minn., were no longer on the table in early March, and levels will be “much higher” when new offers are announced. No current prices were being offered at Pine Bend, Minn., either, despite a round of new and significantly higher postings from CF at other Midwest locations on March 4.

Great Lakes:

CF’s March 4 UAN-32 postings reportedly included $345/st ($10.78/unit) FOB Burns Harbor, Ind., for March-June tons and Courtright offers at $310/st ($9.69/unit) FOB for March and $330/st ($10.31/unit) FOB for April-May. No new quotes were offered out of Michigan terminals at Muskegon and Schoolcraft, where the last official postings on Jan 27 included $245/st ($7.66/unit) FOB Schoolcraft for April-May and $260/st ($8.13/unit) FOB Muskegon for April-June tons.

Northeast:

Sources reported stronger UAN-32 pricing in the Northeast region in early March, with terminal prices climbing to $295-$305/st ($9.22-$9.53/unit) FOB Baltimore, Md., and $340/st ($10.63/unit) FOB terminals in update New York, up roughly $20-40/st from mid-February.

California:

IRM’s UAN-32 postings in California firmed on March 2 to $300/st ($9.38/unit) FOB Stockton and $325/st ($10.16/unit) FOB Hanford, up $30/st from the company’s Feb. 17 postings and a full $55/st higher than the Jan. 26 Stockton reference price.

Pacific Northwest:

IRM’s UAN-32 postings in the Pacific Northwest firmed again on Feb. 25, moving up to $300/st ($9.38/unit) FOB Pasco, Wash., and Umatilla, Ore.; $305/st ($9.53/unit) FOB Central Ferry, Wash.; and $335/st ($10.47/unit) DEL in eastern Oregon and Washington. Those levels are up $30-$35/st from the company’s Feb. 16 postings and a full $50-$60/st higher than Jan. 21 reference prices.

Ammonium Nitrate

Ammonium Nitrate, France, Market Watch, U.S. Gulf, Western Cornbelt

U.S. Gulf:

NOLA ammonium nitrate barges continued to be reported at the $300/st FOB level, give or take.

Western Cornbelt:

Ammonium nitrate pricing was unchanged at $350-$400/st FOB in the Western Cornbelt in early March.

France:

In the latest of a series of European nitrates price hikes, Yara on March 2 announced an increase in its posted price for April deliveries of 33.5 percent ammonium nitrate (YaraBelaExtran33.5) in France to €338/mt bulk CPT. The new price marks a €10/mt increase on Yara’s initial price for April deliveries, posted in mid-February (GM Feb. 19, p. 8). Once again, Yara said only limited volume is available.

Ammonium Sulfate

Ammonium Sulfate, California, China, Eastern Cornbelt, Great Lakes, Market Watch, Northeast, Northern Plains, U.S. Gulf, Western Cornbelt

U.S. Gulf:

Ammonium sulfate was reported to be moving at inland points and from NOLA. Sources said wheat topdress has started. As a result, sources reported a significant uptick at NOLA, where prices had drifted downward during the prior week. The market was put at $225-$240/st FOB, up from the week-ago $200-$215/st FOB.

Eastern Cornbelt:

Sources quoted the granular ammonium sulfate market at $260-$280/st FOB in early March on the back of recent producer pricing hikes, up another $10-$15/st from last report, with the low reported at river locations and the high inland. IOC’s Feb. 25 postings included $260/st FOB Delta terminals and $265/st FOB Upper Mississippi, Illinois, and Ohio River terminals.

AdvanSix raised its ammonium sulfate prices by $30/st on March 1. New granular postings include $270/st FOB Granite City, Ill., and $285/st rail-DEL in Illinois, with mid-grade moving to $235/st FOB Byron, Ill., and $245/st rail-DEL in Illinois. The company said its granular ammonium sulfate price FOB Hopewell, Va., will remain at the last posted level of $265/st FOB, however, and is not included in this latest price increase.

Western Cornbelt:

Ammonium sulfate prices from AdvanSix moved up another $30/st on March 1. New granular postings include $280/st FOB Sioux City, Iowa, with rail-DEL postings in Iowa firming to $285/st for granular and $245/st for mid-grade. IOC’s Feb. 25 list prices included $260/st FOB St. Louis, $270/st FOB Houston, Texas, $275/st FOB Sioux City, and $280/st rail-DEL in the Southern Plains.

Northern Plains:

Sources pegged the ammonium sulfate market at a firm $250-$260/st FOB St. Paul, with delivered tons ranging from $275-$290/st in North Dakota, depending on time of shipment.

AdvanSix on March 1 reposted granular ammonium sulfate at $275/st FOB Brooten, Minn., and $285/st rail-DEL in Minnesota. Those new prices followed a round of higher postings from IOC on Feb. 25, which included $265/st FOB Upper Mississippi River terminals, $275/st FOB Sioux City, Iowa, and $290/st rail-DEL in the Northern Plains, up $15-$30/st from the company’s Feb. 3 postings.

Great Lakes:

Granular ammonium sulfate prices in the Great Lakes region were up significantly to $275-$310/st FOB, with the upper end reported out of Michigan warehouses. Granular postings from AdvanSix firmed $30/st on March 1, to $275/st FOB Prairie du Chien, Wisc., and $280/st FOB Amherst Junction, Wisc. The company’s rail-DEL postings in Wisconsin moved up to $285/st for granular and $245/st for mid-grade.

Northeast:

Granular ammonium sulfate was pegged at $265/st FOB Hopewell, Va., and $275/st FOB East Liverpool, Ohio, with delivered tons reported at $275-$285/st in the Northeast.

Pacific Northwest:

IRM on March 2 raised its ammonium sulfate prices to $298/st FOB or DEL for Tranzform and WesternPremium grades in Oregon, Washington, Idaho, and Montana, with WesternStandard firming to $260/st FOB or DEL in those four states. Those prices reflect a $20/st increase from IRM’s Jan. 8 postings and a $35/st increase from Dec. 14 list prices.

China:

Limited supply and steady demand are pushing up the price of caprolactam-grade ammonium sulfate in China. Sources now put the price at $145-$155mt FOB, with more upward pressure coming.

Demand in China picked up as NPK producers look more and more to ammonium sulfate as a substitute for the higher-priced urea. Likewise, Asian blenders have the same idea and are stepping up their demand for product.

Production is slowly stepping up as factories are gradually being allocated more natural gas as demand for home-heating wanes.

Exporters of ammonium sulfate are facing higher rates because of limited quantities for export. With fewer tons available, shippers are forced to look to using containers to ship their product instead of bulk cargoes. Traders said those without containers already under contract are facing charges of as much as $120/mt just to ship the product.

DAP/MAP

Australia, Brazil, Central Florida, China, DAP/MAP, Eastern Cornbelt, Great Lakes, Indonesia, Market Watch, Northeast, Northern Plains, Saudi Arabia, U.S. Exports, U.S. Gulf, Western Cornbelt

Central Florida:

Truck-loaded DAP was quoted at $530/st FOB for the week, steady from the prior report. Sources called Central Florida MAP trucks unchanged at $545-$560/st FOB.

U.S. Gulf:

Sources reported firming values for DAP and MAP barges during the week.

MAP pricing registered the largest upswing, with sources quoting a $572.50/st FOB floor for material loading in March, up from $555/st FOB at last report. The top of the nearby range was reported at $585/st FOB, up $20/st from the previous week. Barges loading in April and May were offered in the $555-$565/st FOB range, while early-week offers rumored at $565/st FOB for nearby loading went unconfirmed.

The DAP floor was noted at $518-$522/st FOB for the week, while most reported the top of the nearby market rising to $530/st FOB, up from $525/st FOB at last report. Offers for domestic material loading in April and May were quoted at $525/st FOB.

The nearby DAP market firmed to $518-$530/st FOB, up from $518-$525/st FOB in the prior report. MAP barges tracked in the $572.50-$585/st FOB range for the week, up from $555-$565/st FOB. The firming numbers were generally attributed to ongoing tight supply and improved weather conditions.

U.S. Exports:

Nothing new was reported on the Gulf phosphate export markets. Last-done included a 7,000 mt DAP load priced at $580/mt FOB. Slated to load in late March, the cargo was sold to a single destination in northern Latin America.

With no updated business reported, the DAP and MAP markets continued to be reported at the week-ago $580/mt FOB level

Eastern Cornbelt:

DAP was quoted at $557-$580/st FOB in the Eastern Cornbelt, down $5-$8/st from last report, with the low reported at Ottawa. MAP pricing fell in the $600-$635/st FOB range in the region in early March, with the upper end out of inland warehouses. Sources pegged the Cincinnati market at $565-$575/st FOB for DAP and $600-$610/st FOB for MAP.

Western Cornbelt:

DAP remained at $550-$570/st FOB in the Western Cornbelt, with the St. Louis market pegged at $550-$565/st FOB in early March. MAP was quoted at $615-$650/st FOB in the region, up slightly from last report, with the low again confirmed at St. Louis.

Northern Plains:

DAP pricing FOB St. Paul was reported at $565-$575/st FOB in early March, with MAP quoted in the $630-$650/st range FOB St. Paul.

Great Lakes:

DAP was pegged at $580-$605/st FOB in the Great Lakes region, with the lower numbers reported in Wisconsin and the higher end FOB Webberville. MAP was quoted at $610-$635/st FOB in the region in early March, with the upper end again reported at Webberville.

Northeast:

DAP pricing was quoted at $585/st FOB East Liverpool during the week, down $10/st from last report. MAP was reported at $620/st FOB East Liverpool in early March, with the Fairless Hills market pegged at $615-$620/st FOB, depending on time of shipment.

Saudi Arabia:

Saudi Arabian miner and fertilizer producer Ma’aden is planning to increase fertilizer production capacity later in 2021 in expectation of increasing demand, Reuters reported. The expanded output is expected to come from the JV Ma’aden Waad al-Shamal Phosphate Complex (MWSPC), currently operating at 70 percent of a nameplate 3 million mt/y capacity.

MWSPC, a joint venture between Ma’aden, SABIC, and Mosaic, is projected to increase capacity to 85 percent by the end of the year, en route to an anticipated 100 percent capacity utilization in first-quarter 2022.

China:

Sources reported that DAP prices keep moving up with little restraint. A sale to Central America is reported to have a netback of $560-$570/mt FOB. Likewise, a deal with a Thai buyer showed a netback of $570-$575/mt FOB. Producers are talking about $580/mt FOB without hesitation.

Sources said they see little to slow down the price increases. Demand is expected to remain strong, especially from India, Pakistan, and Bangladesh. All three countries have buyers looking for tons or have companies holding tenders for DAP. Likewise, all three are also bidding at prices well below market levels. Sources said Australia is also beginning to look seriously at more imports.

With four major buyers looking for tons, sources said producers have little incentive to reduce prices. One trader noted that even if the Moroccans and Saudis work at full capacity, the demand from these four countries will still require more tonnage. One trader estimated an additional 500,000 mt/month would have to come from China to make sure all needs are covered.

Indonesia:

A tender for 55,000 mt of DAP closed on March 3. Sources said a computer glitch is forcing the buyer to resort to assembling a paper tally to determine the winner.

Australia:

Sources said Australia is currently running a deficit in DAP. Buyers are looking for deals, but only finding higher prices.

The first semester of the year is the main buying season. In 2020 Australia imported 127,000 mt for January-June, compared with 96,000 mt in the second semester, according to Trade Data Monitor. All told, Australia imported 223,000 mt of DAP in 2020.

Exports were the reverse of imports. Second-half 2020 exports were at 349,000 mt, against first half exports of 69,000 mt. Exports for 2020 were at 418,000 mt, against 348,000 mt in 2019.

Brazil:

MAP prices keep increasing. Sources put the Paranagua MAP price at $615-$620/mt CFR, with an emphasis on the higher end of the range. One seller reported a port-side equivalent price of $645/mt CFR based on a deal inland. At the same time, producers are asking $635/mt CFR, but with no takers.

The upward movement is expected to continue as inland buyers clamor for more tons. The demand is evident in prices from local distributors. Rondonopolis is now pegged at $725-$737/mt FOB ex-warehouse, up about $10/mt in just one week.

Even though the price of MAP keeps going up, farmers are seeing strong returns on their crops, leaving the barter rates steady. Sources said 1 mt of MAP still goes for 75 bags of corn or 31 bags of soybeans.

TSP

Market Watch, Triple Superphosphate, U.S. Gulf, Western Cornbelt

U.S. Gulf:

Most market players quoted NOLA TSP barges in the $430-$450/st FOB range, inching up from $427-$450/st FOB in the prior report. Tons originating from Egypt were noted falling toward the bottom of the range, while Moroccan barges were valued at the top. Rumored pricing in the $470-$490/st FOB range remained unconfirmed on March 4.

Western Cornbelt:

The TSP market was unchanged at $500-$515/st FOB in the Western Cornbelt in early March.

Phosphoric Acid

Eastern Cornbelt, Great Lakes, India, Market Watch, Northern Plains, Phosphoric Acid, Western, Western Cornbelt

Eastern Cornbelt:

Phos acid pricing for March was quoted at $12.95-$13.10/unit rail-DEL in the Eastern Cornbelt , with the low reported in Illinois and the high in Ohio.

Western Cornbelt:

The phos acid market was pegged at $12.85/unit rail-DEL in Nebraska, Missouri, and Iowa for March tons.

Northern Plains:

The phos acid market for March was quoted at $12.95/unit rail-DEL in Minnesota and $13.10/unit rail-DEL in the Dakotas.

Great Lakes:

Phos acid pricing was pegged at $12.95-$13.10/unit rail-DEL in the Great Lakes region for March tons, with the lower end of the range confirmed in Wisconsin.

Western U.S.:

Simplot announced a $1.50/unit increase in phosphoric acid prices, effective March 1. New postings in the Western U.S. include $13.00/unit FOB Pocatello, Idaho, and $13.50/unit rail-DEL in California and the Pacific Northwest.

India:

First-quarter phosphoric acid contracts to India were reported at $795/mt CFR, rising $106/mt from the prior $689/mt CFR agreement.

Ammonium Polyphosphate

Ammonium Polyphosphate, Eastern Cornbelt, Great Lakes, Market Watch, Northeast, Northern Plains, Western, Western Cornbelt

Eastern Cornbelt:

10-34-0 pricing was pegged at $550-$570/st FOB in the Eastern Cornbelt, up $5-$20/st, with the low confirmed at Cincinnati for new March offers.

Western Cornbelt:

The 10-34-0 market was quoted in the $530-$570/st FOB range in the Western Cornbelt, up $5-$20/st from last report.

Northern Plains:

10-34-0 pricing was up in the Northern Plains, to $550-$570/st FOB or DEL in early March.

Great Lakes:

The 10-34-0 market was up significantly from last report, with sources quoting new pricing at $550-$570/st FOB in the Great Lakes region, up another $20-$40/st from last report and a full $105-$115/st higher than mid-January pricing levels.

Northeast:

The 10-34-0 market in upstate New York strengthened to $560/st FOB, up $25/st from last report.

Western U.S.:

The March increase in phos acid pricing also pushed up 10-34-0 and 11-37-0 postings in the Pacific Northwest. Simplot on March 1 reposted 10-34-0 at $585/st FOB Hedges, Wash., up $59/st from February. The company’s 11-37-0 postings firmed to $630/st FOB Hedges and $605/st DEL within a $35 freight zone in Idaho, up $62/st from February.

Muriate of Potash

Brazil, Eastern Cornbelt, Great Lakes, Jordan, Market Watch, Northeast, Northern Plains, Potash Muriate, U.S. Gulf, Western Cornbelt

U.S. Gulf:

Potash barge prices moved up to $315-$325/st FOB for March, up from the week-ago $305-$325/st FOB. Sources indicated about $5/st less for April.

Eastern Cornbelt:

Potash was quoted at $350-$380/st FOB in the Eastern Cornbelt, with the Cincinnati market reported at the $360-$365/st FOB level for new offers in early March.

Western Cornbelt:

The potash market was reported at $350-$375/st FOB in the Western Cornbelt, with the Catoosa/Inola market pegged at $350-$360/st FOB in early March.

Northern Plains:

Sources quoted potash at $350-$375/st FOB St. Paul. The market to U.S. buyers FOB Saskatchewan mines remained at a firm $330-$340/st after netbacks, depending on grade.

Great Lakes:

Sources pegged the red potash market at $360-$375/st FOB in the Great Lakes region, with the low in Wisconsin and the higher numbers reported by Michigan sources FOB Toledo/Maumee. White potash was quoted at $379/st FOB Toledo and Webberville in early March.

Northeast:

Potash pricing for prompt and Q2 shipments was quoted at a firm $360-$365/st FOB Fairless Hills as of Feb. 22. Rail-DEL tons were pegged in the $380-$395/st range in the Northeast.

Jordan:

Arab Potash Co. (APC) on March 2 exported 90,000 mt of potash to China, the largest shipment in APC’s history, according to the Jordan Times. In a filing to the Amman Stock Exchange, APS said the tons shipped to Sinochem Macao are part of the volumes specified under the contract agreement signed last May between APC and Sinochem Macao (GM May 22, 2020).

The new supply agreement was part of a three-year Memorandum of Understanding between the two companies covering the period from 2020-2022. China imported 654,588 mt of potash from Jordan in 2020, according to Trade Data Monitor, a 4 percent decline from 2019.

It was not clear if this week’s potash shipment consisted of optional tons under the 2020 contract, or provisional tons, or if APC and its Chinese counterpart have inked a new supply contract for 2021. However, the Jordanian producer typically announces new contracts with its Chinese and Indian customers in filings to the Amman Stock Exchange and on its website.

Brazil:

Demand for MOP is providing a steady upward path for prices. Sources now report the Paranagua price at $310-$315/mt CFR, tightening up the lower end of the range and moving the upper end up slightly.

There are reports circulating among traders that Canpotex may be reducing its footprint in the Brazilian market to better focus on the U.S. market. Such a departure could lead to even higher prices, said sources.

Sulfur

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

Tampa:

Genscape reported increased activity at a number of Midwest refineries affected by the region’s recent battle with arctic temperatures. Restarts and operational ramp-ups were reported at the CVR refinery in Wynnewood, Okla., the Valero plant in Ardmore, Okla., and CVR’s facility in Coffeyville, Kan.

Phillips 66 restarted two fluidic cracking units (FCCUs) at Ponca City, Okla., although the plant’s 89,000 barrel/d crude distillation unit (CDU) reportedly remained below normal operational levels. Increased activity was reported from a number of units at the Valero refinery in Memphis, Tenn., while BP was noted shutting down a 100,000 barrel/d hydrotreater at its Whiting, Ind., plant.

Tampa molten sulfur contracts were priced at $96/lt CFR for delivery in the first quarter. Firming prices in a number of key international markets were expected to drive Tampa agreements higher in the second quarter. The market was reported at $69/lt CFR in fourth-quarter 2020, a $27/lt difference.

Refinery operating capacity in the U.S. pushed lower for the week, reflecting the ongoing plight of Gulf and Midwest refineries impacted by the mid-February polar vortex.

The U.S. Energy Information Administration (EIA) reported utilization at 56.0 percent for the week ending Feb. 26, a 12.6-point fall from the prior week’s 68.6 percent rate, and well below the year-ago 86.9 percent and the 80.8 percent five-year average.

Crude inputs sank below the 10 million barrel/d mark for the week, notching an average 9.903 million barrels/d, down 2.327 million barrels/d from the prior week’s 12.230 million barrels/d. The weekly rate was believed to be the lowest since the EIA began releasing weekly records in 1982.

U.S. Gulf:

Texas refineries impacted by the February deep freeze continued to inch toward a return to normal operation during the week, sources reported. Most affected refineries on Texas’ Gulf Coast were in the process of restarting, Platts reported, with the majority projected to return to production by mid-March.

Motiva Ent. restarted the largest crude distillation unit (CDU) at its 607,000 barrel/d Port Arthur, Texas, facility on Feb. 26, Genscape reported. The 345,000 barrel/d VPS-5 CDU was restarted in tandem with a 110,000 barrel/d coking unit, the 105,000 barrel/d HCU-2 hydrocracker, and two hydrotreaters, responsible for stripping sulfur from feedstocks.

ExxonMobil Corp. on Feb. 27 restarted the 265,000 barrel/d Crude B CDU, 119,000 barrel/d Crude A CDU, and two sulfur recovery units at the company’s 369,000 barrel/d Beaumont, Texas, plant. A 120,000 barrel/d FCC and 65,000 barrel/d hydrocracker were noted ramping up early in the week.

Increased activity was also observed on March 2 at Exxon’s 155,000 barrel/d Pipestill 7 CDU in Baytown, Texas, Genscape reported.

Valero restarted the 268,000 barrel/d AVU-146 CDU at its 335,000 barrel/d plant in Port Arthur, Texas, among other units. The company’s Houston refinery successfully began restarting units on Feb. 26 following a ramp-up on Feb. 21, while units were successfully brought online at Valero’s Texas City and Corpus Christi East and West plants during the week.

Genscape noted “gradual” activity increases at the Marathon refinery in Texas City, while efforts to restart the 280,000 barrel/d CDU, 128,000 barrel/d vacuum distillation unit (VDU), and 145,000 barrel/d FCC) at the company’s Galveston Bay facility were temporarily aborted on March 1.

Unit restarts and ramp-ups were noted at the Phillips 66 plant in Sweeny, Texas, while the Delek facility in Big Springs, Texas, saw numerous unit restarts starting on Feb. 26.

Citgo successfully restarted a 174,000 barrel/d CDU and 85,000 barrel/d VDU at Corpus Christi on March 1, while ongoing March 2 ramp-ups observed from a 69,000 barrel/d FCC and sulfur recovery unit failed to reach operation levels during the week. Flint Hills restarted a 96,000 barrel/d FCC at the company’s Corpus Christi West plant during the week.

Despite ramp-ups observed from a 149,000 barrel/d CDU, 96,000 barrel/d VDU, and 97,000 barrel/d FCC at the LyondellBasell Ind. refinery in Houston, Genscape on March 2 reported all monitored units remaining below operations levels. The plant’s 140,000 barrel/d CDU 536 and an associated 96,000 barrel/d VDU have remained on a planned turnaround since Feb. 1.

In Louisiana, multiple unit restarts were observed on Feb. 27 at the Phillips 66 facility in Lake Charles, including a 65,000 barrel/d CDU, 53,100 barrel/d VDU, and 34,000 barrel/d catalytic reformer.

Rising values at Brazil were noted lifting price ideas in the Gulf, with most sources calling the market at a minimum $170-$180/mt FOB should new spot business conclude today. Ideas were previously reported at $150-$160/mt FOB.

Brazil:

Sources quoted the Brazil import market at $218/mt CFR in recent trading, lifting from $180-$185/mt CFR in the previous week.

Vancouver:

Players called Vancouver prill ideas in the $170-$175/mt FOB range, firming from $155-$161/mt FOB reported previously. The red-hot China import market was projected to move Vancouver higher in the next round of business, where sellers were reported testing values in the $180s/mt FOB.

Alberta:

Sulfur produced in Alberta carried netbacks in a wide (-)$31-$105/mt FOB range, sources said. Expected increases at Vancouver were projected to lift prices in the next round of business.

West Coast:

Price ideas on West Coast solid sulfur market moved up to $170-$175/mt FOB. First-quarter molten contracts were reported in the $70-$77/lt FOB range.

China:

Sources noted China import spot prices firming to the $200-$210/mt CFR range for the week, rising from $185-$195/mt CFR at last report.

ADNOC:

ADNOC offers for March were posted at $183/mt FOB Ruwais, sources said, a $55/mt increase from $128/mt FOB in February.

Qatar:

Muntajat solid sulfur pricing was noted even with ADNOC at $183/mt FOB Ras Laffan, up $58/mt FOB from the month-ago $125/mt FOB.

Sulfuric Acid

Brazil, Gulf Coast, Market Watch, Midwest, Sulfuric Acid, U.S. Gulf, West Coast

U.S. Gulf:

Price ideas on the Gulf import spot market continued to be heard in the $120-$130/mt CFR range, with most expecting the next round of business to register at $130/mt CFR or above.

Gulf Coast:

Tons delivered to locations on the U.S. Gulf Coast were contracted in the $85-$110/st DEL range for 2021, sources said. Lower Atlantic agreements were pegged at a general $90-$110/st DEL.

Midwest:

Midwest sulacid contracts were quoted even with the Gulf at $85-$110/st DEL.

West Coast:

Sources put annual West Coast contracts at $100-$130/st DEL.

Brazil:

Recent Brazil imports were reported at $125-$130/mt CFR, unmoved from the prior report.