Brazil:
Sources put the imported price of SSP 19-21 down to $190-$220/mt CFR. Even with reduced availability at inland distributors, sources reported the Rondonopolis price with a much wider range of $317-$380/mt FOB ex-warehouse, stretching from last week’s $335-$347/mt FOB.
Poland:
Grupa Azoty said its production of “multi-component” fertilizers and specialty fertilizers totaled 65,000 mt in March, an increase from 61,000 mt produced in March 2022.
Eastern Cornbelt:
April phos acid postings in the Eastern Cornbelt remained at $14.00/unit rail-DEL.
Western Cornbelt:
Phos acid was unchanged at $14.00/unit rail-DEL in the Western Cornbelt for April tons.
Northern Plains:
Phos acid pricing for April shipments was steady at $14.00/unit rail-DEL in the Northern Plains, unchanged from March.
India:
Phos acid contracts were valued at $1,050/mt P2O5 CFR for loading in the first quarter, sources said, off $50-$150/mt P2O5 from $1,100-$1,200/mt P2O5 CFR reported in the prior period. Second-quarter contract talks were in progress on April 20, sources said.
Eastern Cornbelt:
The 10-34-0 market was unchanged at $675-$695/st FOB in the Eastern Cornbelt, with the low out of Illinois River terminals and the high reported at Cincinnati.
Western Cornbelt:
10-34-0 pricing in the Western Cornbelt was steady at $655-$675/st FOB in late April, with the low in Nebraska and the high in Iowa.
Northern Plains:
The 10-34-0 market remained at $650-$670/st FOB in the Northern Plains, with the low confirmed in North Dakota. Delivered pricing was pegged in a broad range at $700-$750/st in central and western North Dakota.
Northeast:
10-34-0 remained at $725/st FOB in New York.
Tampa:
The second-quarter contract price of molten sulfur delivered to Tampa closed at $103/lt CFR, down $27/lt from the first-quarter’s $130/lt settlement. The price landed closer to what buyers were bidding. Some called the international market oversupplied, citing both soft demand from phosphate producers in China and Africa, and increased supply coming from the Middle East.
US Gulf:
Sulfur pricing out of the US Gulf was estimated at $103-$105/mt FOB based on the new Tampa contract, with supply described as not readily available. The previous range was quoted at $125-$130/mt FOB for last-done business.
Brazil:
Sources noted recent Brazil spot pricing softening to the $129-$140/mt CFR range, off from the previous $129-$145/mt CFR. New offers for material of Kazakhstan origin circulated at $120/mt CFR, but with no trades reported.
Contracts for the second quarter were reportedly negotiated in the $135-$140/mt CFR range, below $172-$186/mt CFR in the prior period.
Vancouver:
Vancouver prices continued to decline, dropping to $85-$90/mt FOB from last week’s $100-$110/mt FOB range. Rising interest rates, large inventories, and lackluster demand from China were all blamed for the negative sentiment.
Alberta:
Based on both molten sulfur cargoes contracted into the US market and solid tons sold through the Vancouver export market, Alberta sulfur netbacks were estimated in the (-)$12-$33/mt FOB range, declining from last week’s $15-$60/mt FOB.
West Coast:
West Coast prills were even with Vancouver at $85-$90/mt FOB, down from $100-$110/mt FOB the week before.
Molten sulfur contracts for loading in the second quarter were reported at $98-$106/lt FOB, falling from $125-$135/lt FOB in the prior period.
China:
China spot sulfur import pricing extended its decline, falling to $115-$120/mt CFR from the previous $120-$125/mt CFR range.
ADNOC:
Prilled sulfur produced by the Abu Dhabi National Oil Co. (ADNOC) was posted at $115/mt FOB Ruwais for loading in April, while discounted product was reportedly offered around $95/mt FOB.
Qatar:
April Muntajat solid sulfur cargoes were posted at $110/mt FOB Ras Laffan, sources said. Offers were reported around $90/mt FOB, $20/mt below the posted price.
US Gulf:
Price ideas in the Gulf continued around $80-$90/mt CFR, with sources reporting healthy supply and stable demand. Prices have remained stable amid reports of offline sulfur burners and scheduled maintenance from producers, with softening potentially indicated when production returns to full capacity.
Brazil:
Prices have not moved in Brazil since the purchase of two cargoes in the $65-$70/mt CFR range was reported last week. As a result, price ideas were unchanged in the $65-$90/mt CFR range.
Eastern Cornbelt:
Ammonium thiosulfate was unchanged at $360-$390/st FOB in the Eastern Cornbelt, with the low reported in Illinois and the high at Cincinnati and Terra Haute, Ind.
Western Cornbelt:
The ammonium thiosulfate market remained at $360-$390/st FOB in the Western Cornbelt, with the low confirmed at Waterloo, Iowa.
Northern Plains:
The latest offers for ammonium thiosulfate dropped to $345/st FOB in central North Dakota, down sharply from the previous $435-$455/st FOB.
Eastern Canada:
Ammonium thiosulfate pricing was unchanged at C$655-$660/mt FOB in Eastern Canada in late April.
Cornbelt:
The NPSZ market firmed to $730-$750/st FOB in the Cornbelt, depending on location.
Germany/Benelux:
Yara posted a new list price on April 21 – the first of the new 2023/2024 season – of €265/mt bulk CIF with immediate effect for June deliveries of YaraBelaNitromag (CAN 27%). The supplier warned that only limited volume will be available at these prices.
Eastern Canada:
The SOP market in Eastern Canada tightened to C$1,273-$1,280/mt FOB for new offers in late April, C$25/mt below the previous high.
