Central Florida:
Players noted pricing on DAP loaded to trucks at Central Florida rising to $770/st FOB during the week, up $5/st from $765/st FOB reported previously. Truck-loaded MAP moved up $5/st as well, to $790/st FOB from $785/st FOB in the prior report.
Truck-loaded MAP continued to be offered at $820/st FOB from North Florida, unchanged from one week earlier.
US Gulf:
Players noted firming values on the NOLA MAP barge market, while DAP barges were seen softening from week-ago levels.
Pricing on MAP was reported lifting to a fresh $790/st FOB high, above the prior $785/st FOB top, while trades were heard bottoming at the market’s previously-reported $780/st FOB floor. A rumored $778/st FOB barge offered on Sept. 12 was not confirmed on Sept. 15.
The week’s DAP high was unmoved from the top of the prior-week range at $765/st FOB, while low reportedly fell to a $755/st FOB floor on trades and offers of imported material during the week.
Domestically produced MAP and DAP offers continued to be reported at $785/st FOB and $765/st FOB, respectively.
NOLA DAP barges softened to the $755-$765/st FOB range for the trading week, down from $760-$765/st FOB at last report. MAP barges loading from NOLA were quoted at $780-$790/st FOB, above the prior week’s $780-$785/st FOB range.
US Imports:
July DAP imports were off 85.1%, falling to 28,504 st from the prior-year 191,402 st. Australia topped the lean July import slate with 26,168 st, followed by 696 st from Belgium, and 639 st from China.
July MAP/Other imports stood at 35,030 st, off 75.7% from the year-ago 144,223 st. Imports from Australia topped the July MAP list at 27,503 st. China added 2,611 st, while tons loading from Mexico were noted at 2,437 st.
US Exports:
DAP exports stood at 59,334 st for July, up 58.7% from the year-ago 37,385 st. July MAP/Other cargoes totaled 71,836 st, falling 68.2% against the prior-year 225,681 st.
Sources reported DAP and MAP export sales totaling 20,000 mt concluding on Sept. 9. The material, slated to load from Tampa in October and destined into the northern Latin American markets, was priced in the $765-$785/mt FOB range. The market was last reported at $910-$925/mt FOB.
Players reported price indications for the next round of business in the $780-$800/mt FOB range for tons loading in October.
Eastern Cornbelt:
DAP prices were pegged at $805-$815/st FOB in the Eastern Cornbelt, with MAP quoted at $820-$830/st FOB in the region. Cincinnati pricing was pegged at $805-$810/st FOB for DAP and $825-$830/st FOB for MAP.
Michigan sources confirmed DAP offers at $825/st FOB Toledo for September tons.
Western Cornbelt:
DAP remained at $800-$810/st FOB in the Western Cornbelt, with MAP pricing reported in the $820-$830/st FOB range. The St. Louis market was unchanged at $800-$805/st for DAP and $820-$825/st FOB for MAP.
Northern Plains:
DAP pricing was unchanged at $800-$810/st FOB St. Paul, with MAP reported at $825-$835/st FOB at that location. Delivered green MAP in western North Dakota remained at the $890/st level for the last fill offers.
Northeast:
Phosphate prices were up slightly in the Northeast, with DAP reported at a firm $830/st FOB East Liverpool, Ohio, up from the previous $820/st level. MAP pricing in the Northeast was pegged at $850/st FOB East Liverpool and $855/st FOB Fairless Hills, up from the prior low of $840/st FOB.
India:
Sources reported more DAP purchases directly from Chinese producers. The latest two deals of 50,000 mt each were reportedly at $780/mt CFR.Buyers continue to talk directly with Chinese producers and push for lower prices.
China:
The estimated netback from the recent DAP sales to India was pegged at $750-$770/mt FOB. Some traders are also calling the market a bit higher. Even as export restrictions remain in place, sources noted that the producers seem happy to be working directly with major buyers instead of through trading houses.
Brazil:
Buyers keep pushing for $700/mt CFR and below, but can’t seem to make it. Sources said the price range tightened to $740-$790/mt CFR, with the upper end dropping. The push for lower prices comes as reports keep surfacing of plentiful stocks at the ports.
Rondonopolis MAP prices dropped to $860-$920/mt FOB ex-warehouse, with the same high stockpile issue facing sellers trying to push back against ever-lower bids.