Eastern Cornbelt:
Phos acid pricing was steady at $13.45/unit rail-DEL in Illinois and $13.60/unit rail-DEL in Ohio for April shipment.
Western Cornbelt:
Phos acid pricing remained at $13.35/unit rail-DEL in Nebraska, Missouri, and Iowa for April tons.
Northern Plains:
Phos acid pricing moved up $0.50/unit on April 1, with new postings reported at $13.45/unit rail-DEL in Minnesota and $13.60/unit rail-DEL in the Dakotas.
Great Lakes:
The phos acid market was pegged at $13.45-$13.60/unit rail-DEL in the Great Lakes region for April tons, with the lower end of the range confirmed in Wisconsin.
India:
Sources said talks between the Moroccans and Indians have narrowed the range for second-quarter phos acid prices.
Rumors of a price increase to $1,000/mt CFR are now being dismissed as too ambitious. However, sources said the Moroccans are determined to get more than the $900/mt CFR that was originally on the table last month. Industry watchers said the new range under discussion is $920-$950/mt CFR.
Even as the talks continue, material is being bought and sold. Sources said each of the purchases since April 1 are under conditional pricing, meaning that for now, buyers are looking at the old price for the product. When the new price is settled, however, the difference will have to be paid.