Central Florida:
Central Florida phosphate pricing was unchanged from last week. Truck-loaded DAP was posted at $470/st FOB, while MAP trucks were offered at $500/st FOB. North Florida MAP postings were set at $600/st FOB, steady from last report.
US Gulf:
NOLA DAP barges were reported trading at $435-$445/st FOB, below last week’s $445-$460/st FOB range. MAP barge prices also declined, to $460-$470/st FOB from the week-ago $465-$485/st FOB.
US Imports:
DAP imports for July-May fell 11.5%, to 873,975 st from the year-ago 987,608 st. May imports rose 339.0%, however, to 126,160 st from the prior-year 28,735 st. Imports from Saudi Arabia were noted at 508,320 st for July-May, while material shipped from Australia totaled 119,060 st. Tunisia added 74,957 st.
MAP/Other imports totaled 80,353 st for May, up 632.6% from the year-ago 10,968 st. July-May volumes were 788,123 st, rising 2.1% from 771,868 st in the prior-year period. Russian tons totaled 289,598 st in the July-May period, beating both 205,113 st from Saudi Arabia and 129,925 st from Mexico.
US Exports:
Export DAP and MAP prices firmed to $470/mt FOB on reports of limited third-quarter availability, a $35/mt increase from $435/mt FOB noted last week. The stronger US Gulf prices reflected available netbacks from recent sales reported in the Brazil inland market, sources said.
July-May DAP exports totaled 690,272 st, up 6.4% from the year-ago 648,646 st. May imports fell 8.7%, however, to 56,981 st from the prior-year 62,385 st. The US sent 174,254 st to India in the July-May period, topping both 88,969 st to Peru and 81,143 st to Uruguay. Mexico took 75,099 st.
MAP/Other exports moved up 29.0% in May, to 234,053 st from 181,424 st in May 2022. July-May exports softened 4.5%, however, to 2.06 million st from the year-ago 2.15 million st. Exports to Canada totaled 1.40 million mt st in July-May, ahead of 228,848 st to Brazil and 110,882 st to Australia.
Eastern Cornbelt:
DAP was quoted at $505-$520/st FOB in the Eastern Cornbelt, with the low confirmed at Cincinnati, reflecting another $5-$10/st drop from last week. MAP was reported at $530-$550/st FOB in the region, down $10/st from last week, with the Cincinnati market pegged at $530-$540/st FOB for new business.
Western Cornbelt:
DAP remained at $500-$530/st FOB in the Western Cornbelt, depending on location, with MAP reported in the $520-$550/st FOB range. The lower end of both ranges was confirmed in St. Louis during the week.
Northern Plains:
The St. Paul, Minn., market was quoted at the $500/st FOB level for DAP and $530-$540/st FOB for MAP in early July.
Northeast:
Phosphate prices were down in the Northeast, with the latest terminal offers reported at $540-$550/st FOB for DAP and $550-$575/st FOB for MAP.
Eastern Canada:
MAP prices in Eastern Canada slipped to C$1,010-$1,260/mt FOB, down slightly at the low end of the range. DAP was also pegged at the C$1,010/mt FOB level in Montreal, down C$28/mt from last report.
China:
Sources reported no major shifts in DAP pricing or availability. The estimated price remained in the upper-$430s/mt FOB.
India:
Buyers are looking beyond China for DAP deals, and often find them. Sources reported that Deepak closed a deal at $446/mt CFR, putting the import price at $445-$450/mt CFR, down from $455-$458/mt CFR reported in late June.
January-May DAP imports totaled 2.3 million mt, according to Trade Data Monitor, rising 9% from the year-ago 2.1 million mt. May imports were pegged at 733,000 mt, above the 218,000 mt received in May 2022. China supplied 296,000 mt for the month, while Saudi Arabia and Morocco sent 234,000 mt and 112,000 mt, respectively.
Brazil:
MAP prices came up about $5/mt, to $450-$460/mt CFR. Rondonopolis showed a larger boost, to $580-$620/mt FOB ex-warehouse. Prompt buyers are facing higher prices than longer-term buyers, sources said. Only about 10% of the market is not yet covered, however.
Brazil MAP imports firmed 7% in January-June 2023, Trade Data Monitor reported, to 2.3 million mt from the year-ago 2.2 million mt. Russia sent 1.1 million mt, followed by Morocco with 723,000 mt. Saudi Arabia sent 270,000 mt.
Second-quarter imports were reported at 1.2 million mt, off from 1.6 million mt received in April-June 2022. Brazil received 313,000 mt in June, falling 46% from 579,000 mt in the previous year. Russia topped the June market with 128,000 mt, while Morocco added 100,000 mt.