Eastern Cornbelt:
Phos acid was down $0.95/unit for June pricing, to $13.00/unit rail-DEL in Illinois and $13.15/unit rail-DEL in Ohio.
Western Cornbelt:
Phos acid pricing for June was down $0.95/unit from May, to $12.90/unit rail-DEL in Nebraska, Missouri, and Iowa; $13.00/unit rail-DEL in Minnesota and Wisconsin; and $13.15/unit rail-DEL in the Dakotas.
Southern Plains:
The phos acid market for June tons was down $0.95/unit from May, to $12.90/unit rail-DEL in Colorado, Kansas, and New Mexico, and $13.00/unit rail-DEL in Texas and Louisiana.
India:
Phosphoric acid contracts at India were confirmed at $998/mt P2O5 CFR for the second quarter, up $203/mt from $795/mt CFR in the first quarter.
Sources said talks are still going on to set the third-quarter price. Traders said not much progress was made from last week, with just a couple of dollars separating the two sides. Some sources said they expect to see the settled price come out just under $1,005/mt CFR.
Bangladesh:
A phos acid tender showed a much higher equivalent price than other buyers in the area would like. Sources pegged the final price at $1,250/mt CFR.
In the Bangladesh case, however, sources said the discussions were with Vietnam – not Morocco – and for far fewer tons than India, and therefore with higher freight rates attached.