Central Florida:
Central Florida DAP and MAP postings were steady at $650/st FOB, sources reported, unchanged from one week earlier.
MAP trucks offered from North Florida were also quote at $650/st FOB, unmoved from the previous report.
US Gulf:
NOLA phosphate barges were reported stepping down during the week, with players describing prices for both DAP and MAP falling on low seasonal demand.
DAP barges were reported at a $590/st FOB low for the period, a $40/st FOB decrease from $630/st FOB noted previously. Players described transactions up to $610/st FOB, falling from the week-ago $645/st FOB top. Offers for domestically produced tons were quoted softening to $640/st FOB from the prior $645/st FOB, with no trades reported at that level.
NOLA MAP were also lower. Players described the weekly high at $565/st FOB, while tons were noted changing hands down to $550/st FOB on Feb. 9, $25/st below the week-ago $575/st FOB floor. Domestic MAP offers dropped $10/st week-over-week, sources said, to $610/st FOB from $620/st FOB.
The nearby DAP barge market was reported in a $590-$610/st FOB range for the Feb. 3-9 trading period, off from the prior $630-$645/st FOB. Players put NOLA MAP barges at $550-$565/st FOB, below $575-$615/st FOB at last check.
US Imports:
July-December DAP imports fell 52.3% year-over-year, to 357,920 st from 750,722 st. December imports were 39,301 st, off 52.0% from the year-ago 81,937 st.
Saudi Arabia continued to lead the July-December import market with 218,741 st. Australia added 119,060 st, followed by 12,534 st from Russia.
December MAP/Other imports firmed 20.5% from the prior year, to 78,365 st from 65,024 st. Imports fell 15.0% st for July-December, however, to 459,475 st from the year-ago 540,460 st.
Imports from Russia were clocked at 174,154 st in July-December, ahead of 102,962 st from Australia and 90,281 st from Saudi Arabia. Mexico sent 44,114 st.
US Exports:
DAP exports firmed 31.3% in July-December, to 438,278 st from the year-ago 333,792 st. Shipments totaled 95,993 st for December, an 82.4% increase from 52,640 st in December 2021.
MAP/Other exports were off 1.4% in July-December, slipping to 988,684 st from the year-ago 1.00 million st. December cargoes were counted at 222,907 st, however, up 39.8% compared to 159,469 st reported one year earlier.
No new spot export transactions were noted out of the US Gulf during the week, leaving last-done pricing unchanged at $650/mt FOB. New seller offers were quoted at $650/mt FOB, down $20/mt from $670/mt FOB reported previously.
Eastern Cornbelt:
DAP prices moved to $660-$685/st FOB and MAP to $650-$675/st FOB in the Eastern Cornbelt, with both the high and low of both ranges reported at Cincinnati, depending on supplier. Offers out of spot Illinois River terminals were quoted at the $670/st FOB level for DAP and $665/st FOB for MAP.
Western Cornbelt:
DAP slipped to $660-$685/st FOB in the Western Cornbelt, with the St. Louis market pegged in the $660-$670/st FOB range in early February. MAP remained in a broad range at $625-$665/st FOB in the region, with the low confirmed at St. Louis. Recent St. Paul pricing was reported at $705/st FOB for DAP and $685/st FOB for MAP.
California:
MAP postings in California were unchanged at $835/st FOB or DEL, with reports of spot rail-DEL offers down to $790/st in Northern California.
Pacific Northwest:
MAP pricing in the Pacific Northwest slipped to $760-$770/st FOB or DEL, depending on location, down another $10/st from last report.
Western Canada:
MAP in Western Canada dropped to C$1,100-$1,120/mt FOB and C$1,075-$1,095/mt DEL for February-March, down from earlier offers at C$1,110-$1,130/mt FOB or DEL for January-February. “The pressure on NOLA MAP, and DAP to a lesser extent, seems to be translating to lower inland values across Canada,” said one contact.
China:
Sources reported new DAP indications out of China at $610-$630/mt FOB. Talks were also rumored at $600/mt FOB, but with no serious discussions confirmed at that level. Pricing out of China remains problematic, as producers continue to prefer doing business directly with large-scale buyers rather than working through the trading houses.
India:
Only DAP cargoes from contract deals are currently entering the country, sources said. No spot purchases have been reported.
Brazil:
The landed price of MAP remained at $655-$660/mt CFR. The steady price comes from increased offers of Russian DAP at discounted rates. Without the Russian offers, sources said, prices would be moving up.
Limited business in Rondonopolis put the price up to $815-$835/mt FOB ex-warehouse. Sources reported sales at $780/mt FOB ex-warehouse, although these deals have not been widely offered and may involve cheaper Russian product.
January MAP imports stood at 387,000 mt, Trade Data Monitor reported, up from 107,000 mt in January 2022. Russia was the largest supplier with 263,000 mt, representing 68% of the market. Morocco added 59,000 mt, followed by Saudi Arabia with 37,000.