Central Florida:
Central Florida phosphate prices held steady, with truck-loaded DAP posted at $630/st FOB and MAP trucks priced at $655/st FOB. North Florida MAP postings continued at $650/st FOB, sources said.
US Gulf:
NOLA DAP and MAP prices moved lower during the week. DAP barges softened 3.4%, to $550-$600/st FOB from the week-ago $570-$620/st FOB, while MAP pulled back to $560-$635/st FOB, falling $60/st at the bottom of the range.
US Exports:
DAP and MAP exports from the US Gulf remained at $570/mt FOB for the last reported deals.
Eastern Cornbelt:
DAP prices widened to $685-$720/st FOB in the Eastern Cornbelt, depending on location and time of delivery, with the Cincinnati market quoted in the $685-$710/st FOB range. MAP covered a wide range as well, moving to $680-$725/st FOB in the region, with the low reported out of spot Illinois River terminals. MAP pricing at Cincinnati was pegged at $695-$720/st FOB.
In the Great Lakes region, delivered DAP and MAP were quoted at the $735/st level in early April, with warehouse MAP reported at $700-$715/st FOB.
Western Cornbelt:
DAP was pegged at $670-$705/st FOB for limited tons in the Western Cornbelt, with the MAP market quoted at $675-$715/st FOB in the region. St. Louis offers were reported at $690-$700/st FOB for DAP and $700-$710/st FOB for MAP.
Southern Plains:
Extremely tight supply kept DAP and MAP prices high at Catoosa/Inola, with limited prompt offers reported at $740/st FOB for DAP and as high as $800/st FOB for MAP at the port. Prices drop off quickly further out, however, with sources talking of Catoosa/Inola DAP at $680/st FOB and MAP at $725/st FOB for forward offers. The latest Houston prices also matched up at $680/st FOB for DAP and $725/st FOB for MAP.
South Central:
DAP pricing in the South Central region was quoted at $690-$715/st FOB, down $5-$10/st from last report, with the low confirmed in Kentucky and the high in Arkansas. The Memphis DAP market was pegged at the $700-$705/st FOB level in early April.
Southeast:
Nutrien’s MAP postings at Aurora, N.C., and White Springs, Fla., were unchanged at $650/st FOB in early April. Limited DAP offers at Wilmington were pegged at the $675/st FOB level during the week.
Morocco:
Moroccan DAP prices were flat this week at $530-$610/mt FOB, with a small sale to Europe confirming the high end. The low end reflects Indian CFR prices, which continue to experience downward pressure due to improved Chinese availability.
Benelux:
DAP buying in Benelux has slowed, but prices continue to hold at $660-$675/mt FCA due to limited availability. The low end reflects truck sales of Russian product, with the high reflecting indications by buyers and sellers, as availability from other origins remains scarce in the region.
Baltic:
Russian MAP prices in the Baltic edged higher to $505-$515/mt FOB, fueled by rising prices in Brazil and a slight decrease in freight costs, which has led to an average increase in netbacks of about $5/mt.
China:
Some DAP and MAP cargoes were reportedly being loaded to vessels during the week, sources said, having successfully completed the export clearance paperwork. The price for DAP remained in the $550s/mt FOB based on previously reported business into India.
India:
No new deals were reported to move the DAP price off the $575/mt CFR level discussed in late March.
Brazil:
The Brazil MAP range fell to $560-$570/mt, off from last week’s $565-$570/mt CFR, though players continued to report a general feeling of stability in the market.
Uncertainty and speculation surrounding global phosphate supply drove Rondonópolis MAP prices to $695-$720/mt FOB on limited business, up $15-$20/mt from the prior week. Rural producers continue to await more favorable pricing before committing to new volumes, sources said.