Eastern Cornbelt:
Phos acid pricing jumped up to $12.95-$13.05/unit rail-DEL in the Eastern Cornbelt for February tons, up $1.50/unit from January.
Western Cornbelt:
Phos acid prices ramped up to $12.85/unit rail-DEL in Nebraska, Missouri, and Iowa for February tons, up a full $1.50/unit from January.
California:
Simplot’s postings for SPA and MGA firmed $1.50/unit on Feb. 1, to $12.00/unit rail-DEL in California and Arizona. The MGA posting FOB Lathrop and El Centro, Calif., moved up to $12.20/unit on that date.
Pacific Northwest:
A $1.50/unit increase in phos acid pricing from Simplot on Feb. 1 pushed postings up to $11.50/unit Pocatello, Idaho, and $12.00/unit rail-DEL in Utah, Oregon, Washington, Idaho, and Montana.
India:
Sources reported phosphoric acid contracts between Moroccan suppliers and buyers in India settling at $795/mt CFR for delivery in the first quarter, a $106/mt increase from $689/mt CFR in Q4 2020. The move was not surprising given the dramatic rise in DAP and MAP prices.
Suppliers located in North America reported ongoing settlement talks on Feb. 4, leaving the market in the $689-$795/mt CFR range for the week.