All posts by mickeybarb@charter.net

Zimbabwe’s Zimplats Invests in Sulacid Unit

Africa, News, News Briefs, Sulfuric Acid

Zimbabwe Platinum Mines (Zimplats), part of the Implats Group, is investing in a sulfuric acid plant as part of a $1.8 billion investment program aimed at processing more platinum group ores locally. The plan includes increasing smelting capacity from the current 132,000 mt/y to 380,000 mt/y of concentrates.

The acid plant is expected to have a production capacity of about 100,000 mt/y, according to a report by Zimbabwe’s Herald newspaper. Zimplats is reported to be set to use some of the acid output for its own needs, but some will go to Zimbabwe’s phosphate fertilizer production and help reduce imports of both sulfuric acid and phosphate fertilizers.

Zimbabwe Phosphates Industries Ltd. (ZimPhos) currently is Zimbabwe’s sole producer of phosphate fertilizer. Zimphos’ production portfolio includes nameplate capacity for 200,000 mt/y of SSP at Harare and 40,000 mt/y of TSP at Msara, according to the Green Markets database. The producer last September inaugurated its first fertilizer blending plant at Msara, with capacity to produce up to 200,000 mt/y (GM Sept. 16, 2022).

ZimPhos has two sulfuric acid units, one of which relies on imported sulfur, but it is unclear what their operational status is. Zimbabwe’s government has tasked the Industrial Development Corporation of Zimbabwe (IDCZ), ZimPhos’ parent company, to help revamp the country’s fertilizer production, which has since moved to boost fertilizer output through its own units.

Cinis Signs Sodium Sulfate Agreement with BASF

News, News Briefs, Specialty, Sulfate of Potash, Sweden

Swedish fertilizer producer Cinis Fertilizer AB announced on June 29 that it has signed a long-term agreement with BASF for deliveries of sodium sulfate. The company said these deliveries will secure its future growth and production of climate-friendly mineral fertilizers.

Cinis recently reported that it has received an environmental permit that the Swedish Land and Environment Court for the construction of a 200,000 mt/y sulfate of potash (SOP) production facility in Bergsbyn, Skellefteå municipality, Sweden (GM June 23, p. 28). Construction of the facility is slated to begin in 2024, with fertilizer production planned in 2025.

Cinis said it has sold all of the SOP production from the Skellefteå facility and another 100,000 mt/y facility in Örnsköldsvik to Van Iperen, a Dutch producer of specialty fertilizer and biostimulants for fertigation and foliar application. Cinis recycles waste salts from the Northvolt Ett electric car battery production facility in Skellefteå to produce SOP fertilizer.

“Cinis Fertilizer’s business plan means that we will have enough sodium sulfate for four plants that will be in operation before 2028,” said Jakob Liedberg, Cinis CEO. “We already have secured raw material supply from different sources and the agreement with BASF means that we can continue our growth journey and production of climate-friendly potassium sulphate mineral fertilizer.”

ICL Launches New Line of Water-Soluble Fertilizers

News, News Briefs, Specialty, Western Cornbelt

St. Louis-based ICL Specialty Fertilizers on June 27 announced the North American launch of a new line of advanced foliar and fertigation solutions under their Nova brand of water-soluble fertilizers.

ICL said its water-soluble NPKs and micronutrients are formulated to maximized solubility while offering a high degree of compatibility with most herbicides and crop protectants. Flagship products include Nova Finish™, Nova Pulse™, Nova Elevate™, and Nova Flow™.

“This launch enhances our focus on expanding ICL’s top-tier portfolio of crop nutrition solutions and I am excited to offer growers innovative foliar and fertigation solutions that speak to their unique challenges,” said Jason Haegele, North American Agronomy Lead for ICL.

Ammonia

Ammonia, Black Sea, Eastern Cornbelt, India, Market Watch, Middle East, Northwestern Europe, South Central, Southeast Asia, Southern Plains, Tampa, U.S. Gulf, Western Cornbelt

US Gulf/Tampa:

Tampa ammonia for July fell to $285/mt CFR, off $55/mt from June’s $340/mt CFR. Another drop had been expected, with sources citing lower natural gas prices in Europe and aggressive fill programs in the inland US markets.

The drop in Tampa pricing also pressured the NOLA ammonia market and truck pricing out of Gulf Coast terminals, with the latter falling to a low of $280/st FOB.

Eastern Cornbelt:

Ammonia fill offers were reported in the $350-$365/st FOB range in the Eastern Cornbelt, depending on location and supplier, with the low reported at East Dubuque, Ill.

Western Cornbelt:

Ammonia fill pricing remained at $340-$350/st FOB and $350-$370/st DEL in the Western Cornbelt, depending on location and supplier.

Southern Plains:

Ammonia fill pricing was pegged at $290-$325/st FOB production points in the Southern Plains, with the low at Enid, Okla., and the high in Kansas. The Verdigris, Okla., fill market was reported at the $300/st FOB level.

South Central:

Truck pricing for ammonia slipped to $280-$300/st FOB terminals in the South Central region, down from the prior $300-$305/st FOB range.

Black Sea:     

January-May ammonia imports into Turkey totaled 395,000 mt, Trade Data Monitor reported, a 34% increase from the year-ago 289,000 mt. May imports were 123,000 mt, up more than double from 61,000 mt recorded in May 2022. Egypt sent 32,000 mt for the month, followed by Libya with 31,000 mt. Oman and Trinidad and Tobago each sent 23,000 mt.

Northwest Europe:      

Buyers and sellers pulled back to reconsider their figures after Tampa’s new $285/mt CFR price was announced. Sources expect the drop at Tampa could pressure the Northwest Europe market to $300/mt CFR from its current level in the low-$360s/mt CFR.

Middle East: 

Sources reported limited access to suppliers during the Hajj holiday. Many offices were closed or short-staffed.

India:     

No new business was reported for the week, leaving the price at $304-$310/mt CFR.

Ammonia imports firmed 14% in January-April, Trade Data Monitor reported, rising to 742,000 mt from the prior-year 650,000 mt. April imports were pegged at 121,000 mt, down 10% from 134,000 mt recorded last April. Saudi Arabia’s 71,000 mt accounted for 59% of the month’s imports, while Bahrain sent 27,000 mt.

Southeast Asia:     

Reports circulated that Vietnam bought 4,000 mt from Malaysia at $330/mt FOB, although some questioned the accuracy of the price.

Some argued that the sale was a one-off prompt shipment of a small amount of material, and will not impact the general market price in the area. Others, looking for signs of a rebound, said the price should be taken as an indicator of a change in the market. Few subscribed to the latter view, however.

Thailand imported 147,000 mt of ammonia in January-May, according to Trade Data Monitor, up14% from 130,000 mt in the previous year. May imports of 17,000 mt – all from Malaysia – were down from 30,000 mt imported in May 2022.

Urea

Black Sea, Brazil, China, Eastern Cornbelt, India, Indonesia, Market Watch, Middle East, South Central, Southeast, Southeast Asia, Southern Plains, U.S. Gulf, Urea, Western Cornbelt

US Gulf:

The NOLA urea market tightened to $285-$315/st FOB for June-July tons, compared with last week’s broad $275-$330/st range. Most July trades were quoted around the $290/st FOB level, with prompt June business reported at both the high and low end of the range “on very limited trade.”

Sources said demand for prompt, loaded barges is eroding, as is the price premium that contributed to a very wide range in recent weeks.

Eastern Cornbelt:

Urea slipped to $440-$480/st FOB in the Eastern Cornbelt, down $20/st at the low end of the range, with the high reported at Cincinnati, Ohio, for very limited tons.

Western Cornbelt:

Urea prices dropped to $430-$460/st FOB in the region, down another $10/st from last week, with the low confirmed at St. Louis, Mo.

Southern Plains:

Urea pricing covered a broad range at $400-$470/st FOB in the region, down from the prior $475-$490/st FOB range, with the low confirmed at Houston and Borger, Texas. The Catoosa/Inola, Okla., market was quoted at $430-$470/st FOB, depending on supplier, with inventories described as very tight in late June.

South Central:

Urea prices continued to drop in the South Central region, with new levels reported at $350/st FOB Convent, La., $415-$420/st FOB Memphis, Tenn., and $450/st FOB Little Rock, Ark., down from the previous $385-$500/st FOB regional range.

Southeast:

Urea prices dropped to $400-$425/st FOB in the Southeast, down from the prior $425-$435/st FOB, with the low confirmed at Wilmington, N.C., and Charleston, S.C., and the high at Chesapeake, Va.

India:     

Sources reported that the last of the tons booked under the RCF tender have been secured and the vessels nominated. As the week progressed, sources said at least one trader was still looking for product to fulfill its award. The traders were facing a rapidly approaching shipping deadline of July 17.

Sources had speculated that once the last of the awarded tons from the RCF tender have vessels nominated, the clock will start ticking for another tender call. The late-week report that all 560,000 mt now have vessels nominated could push up the tender call speculation. However, sources said the most likely time is still around July 15.

The Indian government announced a new three-year plan for urea subsidies, one that is separate from the Nutrition Based Subsidy system that governs other fertilizers. The plan calls for the government to set aside a total of $45 billion for urea subsidies and incentives. The primary goals, the government said in a June 28 statement, are to ensure that farmers do not pay more than the current Rs242/45 kg bag ($65/mt) and to reduce demand for imported urea.

In addition, a plan to put new or refurbished production facilities into operation by the 2025-2026 fiscal year is already paying off, the government said. Domestic production has increased from 22.5 million mt during Fiscal Year 2014-2015 to 28.4 million mt in 2022-2023.

The government also hopes to increase the use of Nano Urea, a water-soluble fertilizer designed to be more efficient than granular urea. The government wants to have eight plants producing 440 million bottles per year of the product by 2025-2026. According to the government statement, this will replace 19.5 million mt of conventional urea.

An innovation of coating urea with sulfur will also begin soon. This so-called Golden Urea will allow for the addition of sulfur to the fertilizer mix, and will be cheaper than the current neem-coated urea.

January-April urea imports fell 45% year-over-year, Trade Data Monitor reported, to 2 million mt from 3.6 million mt. India imported 279,000 mt in April, off 21% from 353,000 mt in the prior April. Oman supplied 113,000 mt for the month, followed by Qatar with 76,000 mt and the UAE with 58,000 mt.

Black Sea:

Turkish urea imports totaled 1.7 million mt in January-May, according to Trade Data Monitor, more than double the year-ago 825,000 mt. May imports were counted at 368,000 mt, up significantly from 87,000 mt received in May 2022. Oman led May suppliers with 212,000 mt, followed by Egypt with 91,000 mt. Russia sent 35,000 mt.

Sources reported offers from Turkmenistan out of the Black Sea were so high that potential deals had to be scrapped. One trader said granular urea offered was as high as $320/mt FOB against “normal” pricing of $250-$280/mt FOB, depending on the source of the product.

Despite a general mood of higher prices in the urea market, the prilled price out of the Black Sea remained at $244-$249/mt FOB.

Indonesia:     

Sources still do not expect any new exports from Indonesia for a few weeks. A reported investigation of Pupuk Holdings, the parent company of Indonesia’s urea producers, remains the primary delay in selling tons offshore, sources said. The government is rumored to be investigating the prices Pupuk charged for international sales, and how those sales impacted the domestic market.

Middle East:

Just as sources were anticipating a quiet end to both the week and month due to the Hajj holiday, MOPCO made a 5,000 mt sale for July shipment at $355/mt FOB, lifting the Egyptian price from $312/mt FOB to the new $355/mt FOB level in just two weeks. The transactions represented traders covering short sales into Europe, sources said.

International traders said Arab Gulf suppliers were taking longer to return calls – if they did at all – to discuss July and August shipments. Sources said part of the delay in getting calls returned was the Hajj holiday, which allowed many offices to be vacant or short staffed. Another reason, said one trader, is that the Arab Gulf producers are comfortable for the first half of July, with some fully booked through the whole month. In the end, however, one deal did go through that moved the market.

Sources reported that Fertiglobe closed a deal for 40,000 mt to be shipped in two lots at $295-$312/mt FOB. The two cargoes are slated for July shipment, most likely to an Asian-Pacific buyer.

China:   

Sources put the current export price at $305-$310/mt FOB for both prilled and granular urea. While some August offers were said to come in below $300/mt FOB, anyone looking for early-July shipments was either rebuffed or offered much higher prices that are unworkable in the current market, said one trader.

Circulating reports of a sale to a Southeast Asian buyer showed a netback in the $290s/mt FOB. At that level, sources were quick to point out, the deal must have been done some time ago and is only now being openly discussed.

Southeast Asia:     

The domestic season in Vietnam is still going strong, said sources, providing a good market for sellers. Sources reported domestic urea offers at $380-$400/mt FOB ex-warehouse, while some cheaper Chinese urea was offered at a reported $370/mt FOB ex-warehouse. Low freight costs between Vietnam and China are providing Chinese producers with a healthy netback for the limited tons being sent.

Thailand imported 931,000 mt of urea in the January-May period, a 41% year-over-year increase from 647,000 mt.

May imports firmed to 329,000 mt, from 130,000 mt received in May 2022. Saudi Arabia sent 199,000 mt in May, Qatar added 83,000 mt, and Malaysia provided 33,000 mt. Saudi Arabia’s large share of the market is not surprising. Saudi producers have previously provided Thai buyers with deep discounts, sources said.

Brazil:   

Prices moved up to $315-$330/mt CFR. Trade discussions at the beginning of the week indicated values moving as high as $350/mt FOB, but after some back and forth, deals were settled at $330/mt CFR. Prices are expected to move up, however. Demand appears to be strong, while limited tonnage is being offered.

The Rondonopolis price moved up to $465-$480/mt FOB ex-warehouse, a significant $40-$55/mt rise from the previous week. The market’s volatility has caused some suppliers to withdraw from formula-based deals and settle for day-to-day pricing.

Sources said there is still time for farmers to finish up their urea purchases for the Safrinha season. More are expected to step up now that a price floor appears to have been reached and prices are moving upward.

UAN

Eastern Cornbelt, Market Watch, South Central, Southeast, Southern Plains, U.S. Gulf, UAN, Western Cornbelt

US Gulf:

NOLA UAN barges remained at $210-$220/st ($6.56-$6.88/unit) FOB for the last reported business.

Eastern Cornbelt:

UAN-32 was pegged at $255-$270/st ($7.97-$8.44/unit) FOB in the region, with the Mount Vernon, Ind., market reported at $266-$260/st ($7.97-$8.13/unit) FOB. The latest UAN-28 offers were quoted at $220-$232/st ($7.86-$8.29/unit) FOB Cincinnati.

Western Cornbelt:

UAN-32 was unchanged at $245-$270/st ($7.66-$8.44/unit) FOB in the Western Cornbelt, with the low reported at St. Louis and the high at Port Neal, Iowa.

Southern Plains:

UAN-32 remained under pressure, with the latest prices quoted at $225-$230/st ($7.03-$7.19/unit) FOB Woodward and $245/st ($7.66/unit) FOB Verdigris. Offers out of Gulf Coast terminals in Texas were reported as low as $210-$220/st ($6.56-$6.88/unit), with delivered pricing in central Texas quoted at the $250/st ($7.81/unit) level.

South Central:

UAN-32 was steady at $245-$260/st ($7.66-$8.13/unit) FOB in the South Central region, with the low reported in Louisiana and the high for river terminal pricing in the Kentucky market.

Southeast:

UAN-32 pricing in the Southeast remained at $285-$305/st ($8.91-$9.53/unit) FOB, with the low at Savannah, Ga., and the high out of inland Georgia terminals. The market FOB Wilmington and Norfolk, Va., was pegged at the $290/st ($9.06/unit) level in late June.

Ammonium Nitrate

Ammonium Nitrate, Market Watch, South Central, Southern Plains, U.S. Gulf, Western Cornbelt

US Gulf:

Sources reported limited barge business for “leftover” ammonium nitrate tons in the $200-$215/st FOB NOLA range during the week.

Western Cornbelt:

Ammonium nitrate was unchanged at $400-$420/st FOB in Missouri.

Southern Plains:

Ammonium nitrate pricing slipped to $400/st FOB Muskogee, Okla., for new offers, down $20/st from last report.

South Central:

The ammonium nitrate market remained under pressure in the South Central region, dropping to $290/st FOB Yazoo City, Miss., and $340/st FOB spot river terminals, down $10/st from last report.

Ammonium Sulfate

Ammonium Sulfate, Brazil, China, Eastern Cornbelt, Market Watch, South Central, Southeast, Southern Plains, Thailand, Turkey, U.S. Gulf, Western Cornbelt

US Gulf:

The NOLA ammonium sulfate barge market dropped to $275/st FOB, reflecting fill program offers from Interoceanic (IOC) announced on June 27 for shipments starting July 15.

Eastern Cornbelt:

Ammonium sulfate prices remained at $385-$400/st FOB Cincinnati at the high end of the range, though sources reported limited supply in late June. IOC’s summer fill pricing for granular ammonium sulfate included $315/st FOB Illinois and Ohio River terminals for shipments starting July 15.

Western Cornbelt:

Granular ammonium sulfate prices in the Western Cornbelt were lower in the wake of a fill program from IOC. Announced on June 27 for shipments starting July 15, the program includes granular sulfate at $310/st FOB St. Louis; $315/st FOB Upper Mississippi River terminals; $325/st FOB Sioux City, Iowa, Omaha, Neb., and Casselton, N.D.; and $320/st rail-DEL in the Northern Plains.

Southern Plains:

Granular ammonium sulfate started the week at $345-$370/st FOB, with the low at Houston and the high at Catoosa/Inola. On June 27, however, IOC posted a fill program at $300/st FOB Houston for shipment starting July 15.

South Central:

Granular ammonium sulfate slipped to a broad $310-$390/st FOB in the South Central region, with the low reflecting IOC’s June 27 fill program offer out of Delta terminals. The high end of the range continued to be reported in the Arkansas market on a spot basis.

Southeast:

Granular ammonium sulfate slipped to $350-$405/st FOB in the Southeast, with the low for recent fill offers from IOC at Tampa and the high at Hopewell, Va. Delivered granular pricing remained in a broad range at $375-$450/st in the region, while standard grade was quoted at a low of $280/st FOB or DEL in the Florida market.

China:   

Increased demand from Brazil and Southeast Asia has begun to lift prices. Most talks have centered on $105-$110/mt FOB, sources noted, with reports of some small deals done at that level. A reported sale to a regional buyer, said to net back in the upper-$90s/mt FOB, was dismissed as older business being tossed in by buyers to slow down the price increases.

Brazil:   

The rise in urea prices has prompted more demand for ammonium sulfate. Sources now put the landed price at $155-$165/mt CFR, up from $135-$145/mt CFR reported last week.

In Rondonopolis, sellers were noted pushing hard to break past the $310/mt FOB ex-warehouse mark. While unsuccessful in lifting the highs, they were able to bring up the market’s low end to $290/mt FOB from the week-ago $270/mt FOB.

Thailand:      

Imports of ammonium sulfate totaled 87,000 mt in January-May, Trade Data Monitor reported, down from the prior-year 167,000 mt. May imports were 20,000 mt, below the 56,000 mt received in May 2022. Taiwan shipped 10,000 mt for the month, while China and Madagascar sent 8,000 mt and 2,000 mt, respectively.

Turkey: 

January-May ammonium sulfate imports stood at 540,000 mt, according to Trade Data Monitor, down from 653,000 mt in January-May 2022. Turkey received 51,000 mt in May, off slightly from the year-ago 78,000 mt. Belgium supplied 29,000 mt, followed by China with 12,000 mt and 10,000 mt from Finland.

DAP/MAP

Brazil, Central Florida, China, DAP/MAP, Eastern Cornbelt, India, Malaysia, Market Watch, South Central, Southeast, Southern Plains, U.S. Exports, U.S. Gulf, Western Cornbelt

Central Florida:

Truck-loaded DAP loading from Central Florida was posted at $470/st FOB, unmoved from the prior report. MAP trucks were offered at $500/st FOB, also steady from one week earlier.

North Florida MAP postings were set at $600/st FOB, sources said, unchanged from the prior report.

US Gulf:

Sources noted firming NOLA DAP and MAP values.

Imported DAP barges lifted to $445/st FOB from the prior $442/st FOB floor, while domestically-produced tons built on their week-ago $455/st FOB high, edging to $457/st FOB for loading in first-half July. Offers for domestic tons were quoted at $460/st FOB for July and August loading on June 28, while import offers continued to be heard at $445/st FOB late in the week.

Sources noted tight availability and minimal trading for prompt and nearby MAP barges, leaving the market’s most recent trades and offers in a reported $465-$475/st FOB range, above the prior $460/st FOB low. Players noted significant volumes of September MAP trading at $485/st FOB, while limited offers for barges loading in July and August were heard at $478-$480/st FOB.

Offers for Russian MAP rumored in a $460-$465/st FOB range went unconfirmed on June 29. Some expected thin Russian supply due to potential looming increases in countervailing duty rates. “I didn’t think there was much Russian around with the duty paranoia,” said one trader.

NOLA DAP barges lifted to a $445-$457/st FOB range, up from $442-$455/st FOB reported previously. Recent MAP pricing tracked at a general $465-$475/st FOB, sources said, above $460-$475/st FOB in the prior report.

US Exports:

Mosaic reported DAP sales totaling 10,000-15,000 mt into a single destination in Northern Latin America. Priced at $435/mt FOB, the tons were slated to load in late July or early August.

Based on reported trades, the US Gulf phosphate export market softened to $435/mt FOB from $520/mt FOB at last report.

Eastern Cornbelt:

DAP dropped to $510-$530/st FOB in the Eastern Cornbelt, down from the prior week’s $540-$550/st FOB range, with the Cincinnati market reported at the $520/st FOB level for limited supply. MAP was reported at $540-$560/st FOB in the region, with the high confirmed at Cincinnati.

Western Cornbelt:

DAP dropped to $500-$530/st FOB in the Western Cornbelt, depending on location, with MAP pegged at $520-$550/st FOB in the region. The St. Louis market remained at $500-$510/st FOB for DAP and $520-$525/st FOB for MAP in late June. In the Northern Plains, the St. Paul, Minn., market was quoted at the $500/st FOB level for DAP and $530/st FOB for MAP.

Southern Plains:

The DAP market in the Southern Plains was pegged at $500-$525/st FOB Catoosa/Inola and $530/st FOB Houston, down sharply from the $600-$650/st FOB offers reported earlier in June. MAP slipped to $530-$540/st FOB Catoosa/Inola and $580/st FOB Houston in late June.

South Central:

DAP was quoted at $500-$550/st FOB in the South Central region, well below the previous $600-$650/st FOB range, with the low in Kentucky and the high in Arkansas.

Southeast:

MAP pricing from Nutrien remained at $600/st FOB Aurora, N.C., and White Springs, Fla., after the previous week’s downward adjustment from the $650/st FOB list price.

Pacific Northwest:

MAP prices dropped sharply in the Pacific Northwest, to $600-$610/st FOB or DEL from the previous $760-$780/st range. 16-20-0 prices in the region fell to $475/st FOB or DEL, down from the prior $575-$585/st level.

China:   

Reports of $440-$450/mt FOB DAP offers are being taken as the range for current business, sources said. Buyers are pushing back, however, describing even the low-$440s/mt FOB as being too high. At the same time, producers are struggling to stem the ongoing price declines for exported DAP.

Most of the deals under discussion are reportedly for late July. While some producers want to talk about August tonnage, buyers – sensing further price drops – are unwilling to commit that far ahead.

India:     

No new DAP deals were reported, leaving prices in the upper-$450s/mt CFR.

India imported 1.5 million mt of DAP in January-April, Trade Data Monitor reported, a 17% decline from the year-ago 1.9 million mt. April DAP imports were put at 242,000 mt, falling from 462,000 mt received in April 2022. China supplied 137,000 mt for the month, while Saudi Arabia sent 105,000 mt.

Malaysia:      

Petronas will close a DAP/MAP tender on July 3. While the company is only seeking 8,000 mt of DAP and 1,000 mt of MAP, sources said the results of the tender could offer a glimpse into pricing ideas for the region. One trader said the tender will not be a price setter, but could be a price confirmer.

Brazil:

The MAP price in Brazil moved up to $440-$450/mt CFR. The market’s rebound to levels seen two weeks ago has some sources wondering if the MAP floor has already been hit. So far, the sentiment seems to be that there is still some room for prices to come off.

The price for MAP in Rondonopolis edged up to $570-$605/mt FOB ex-warehouse. Some players are still looking for ways to push the market back down.

TSP

Brazil, Eastern Cornbelt, Market Watch, South Central, Triple Superphosphate, U.S. Gulf, Western Cornbelt

US Gulf:

Players noted NOLA TSP barge pricing in a $375-$380/st FOB range, off from $375-$390/st FOB last week.

Eastern Cornbelt:

TSP dropped to $475/st FOB Cincinnati for the latest offers, down from $510/st FOB at last report.

Western Cornbelt:

TSP pricing remained at $450/st FOB St. Louis.

South Central:

TSP prices plunged to $475/st FOB in the Arkansas market in late June, down sharply from the prior $605-$615/st FOB range.

Brazil:   

TSP Prices came up a bit from last week, settling at an even $360/mt CFR. Despite strong efforts by buyers, TSP is no longer available at $450/mt FOB ex-warehouse. Sources now put the price at a flat $490/mt FOB ex-warehouse.