Major players have now concluded their first quarter sulfur contracts for Tampa. As a result, Tampa contract business for the quarter dropped some $48/lt to $172/lt from the fourth quarter 2011. Sources cited the cut in DAP production in the U.S. as one major factor as well as falling DAP prices. The falling prices follow an $83/mt drop in Tampa ammonia prices just last week.
For more information see the web-edition of Green Markets to be posted Feb. 3, 2012.