Central Florida:
Central Florida DAP trucks continued at $570/st FOB, while truck-loaded MAP offers firmed $20/st to settle at $620/st FOB. North Florida MAP postings were stable at $630/st FOB, sources said.
US Gulf:
NOLA DAP barge trades were reported at $545-$555/st FOB, up $5/st at the bottom of the range, while local product was reportedly priced at the top end. MAP barges firmed to $645-$650/st FOB from last week’s $643/st FOB level.
US Exports:
The last spot DAP cargo exported from the US Gulf continued at $550/mt FOB. With no spot MAP exports reported in recent months, the market continued at $570/mt FOB for the last public business.
Eastern Cornbelt:
DAP slipped to $600-$630/st FOB in the Eastern Cornbelt, with the low reported out of spot Illinois and Ohio River terminals. MAP prices firmed to $670-$695/st FOB in the region, depending on location. The latest Cincinnati offers were pegged at $610-$620/st FOB for DAP and $680-$690/st FOB for MAP, with MAP also firming to $695/st FOB Ottawa, Ill.
Western Cornbelt:
DAP dropped to $600-$630/st FOB in the Western Cornbelt, with the low confirmed at St. Louis. MAP was pegged at $670-$690/st FOB in the region, with the St. Louis market quoted at the $670-$680/st FOB level in late June.
Southern Plains:
DAP at Catoosa/Inola slipped to $600-$625/st FOB, depending on supplier and time of shipment. MAP pricing in the Southern Plains firmed to $690-$720/st FOB on reports of limited supply, however, with both the high and low reported at Catoosa/Inola during the week.
South Central:
DAP pricing dropped to $610-$640/st FOB in the South Central region, with the low reported in Kentucky out of Ohio River terminals and the high in Arkansas. The Memphis DAP market was pegged at $615-$620/st FOB during the week.
Southeast:
The Aurora, N.C., MAP price remained at $650/st FOB, with MAP pricing at White Springs, Fla., reported at the $630/st FOB level.
Benelux:
DAP prices in Benelux moved up with the global market amid concerns about reduced Chinese supply. The latest offers were heard as high as €620-€625/mt FCA, translating to $662-$667/mt FCA at midweek exchange rates, up sharply from last week’s $633-$643/mt FCA.
Morocco:
Moroccan DAP levels moved higher in tandem with international market sentiment. Robust sales were reported at $500-$595/mt FOB to both Europe and Latin America.
Baltic:
MAP prices in the Baltic again ticked higher to $565-$575/mt FOB, reflecting higher Brazilian CFR levels, with up to $625/mt CFR Brazil reportedly on offer as concerns around availability continue given the country’s lower-than-normal stock levels.
China:
DAP exports appear to remain limited to small lots of 10,000 mt or less, usually shipped in containers to regional buyers, with pricing steady in the low-$520s/mt FOB.
Domestic demand for DAP is waning as the season draws to a close, leaving sources to speculate that more tons might soon be available for larger shipments. NPK producers that normally consume a lot of the market’s MAP are reducing output. Flooding in the south of the country and drought conditions in the north have combined to reduce demand, leaving producers with little choice but to cut back on production.
India:
DAP tenders called by Rashtriya Chemicals and Fertilizers Ltd. (RCF) and National Fertilizers Ltd. (NFL) closed earlier this week, but with no announcements regarding offers or prices. Lacking an updated guidepost, DAP prices remained in the $530s/mt FOB.
Brazil:
MAP imports continued to climb at Brazil, with prices lifting to $620-$630/mt CFR from last week’s $610-$620/mt CFR, reflecting a 11.6% rise since the market’s current uptrend began six weeks ago. Availability remains limited, according to reports, especially for June-September arrivals.
Rondonópolis pricing moved up more than 2%, to $745-$780/mt FOB from $730-$760/mt FOB, amid a backdrop of reduced imports and limited availability. Market players seeking stronger margins were noted operating toward the top of the range.
Argentina:
January-May MAP imports to Argentina firmed 40% year-over-year, according to Trade Data Monitor, lifting to 187,000 mt from 134,000 mt. Morocco accounted for 71% of the imports with 134,000 mt, followed by China with 35,000 mt. May imports of 72,000 mt were up from the 30,000 mt received in May 2023.