U.S. Exports:
Phosphoric acid exports totaled 3,138 st in February, a 92.6 percent decrease from the year-ago 42,602 st. July-February exports stood at 109,809 st, off 47.9 percent from the year-ago 210,612 st.
Eastern Cornbelt:
Phos acid pricing was pegged at a firm $13.45/unit rail-DEL in Illinois and $13.60/unit rail-DEL in Ohio for April shipment.
Western Cornbelt:
The phos acid market was quoted at a firm $13.35/unit rail-DEL in Nebraska, Missouri, and Iowa for April tons.
California:
Phos acid prices moved up $0.50/unit on April 1. New postings include $14.00/unit rail-DEL in California, with MGA referenced at the $14.20/unit level FOB Lathrop and El Centro.
Pacific Northwest:
April phos acid postings firmed to $13.50/unit FOB Pocatello, Idaho, and $14.00/unit rail-DEL in the Pacific Northwest, up $0.50/unit from March.
India:
Sources reported no progress in second-quarter price talks, and repeated rumors that OCP would be seeking a $100/mt increase, to $900/mt CFR.
As the week closed, however, new rumors arose that OCP might be looking at a new price of $1,000/mt CFR. One trader said given the way prices for most products are going, OCP might just be able to secure a deal closer to the higher number.