U.S. Exports:
Wet-process phosphoric acid exports moved 47.0% higher in July-April, firming to 229,994 st from the year-ago 156,435 st. Offshore shipments totaled 42,835 st for April, a 1,130.5% increase from 3,481 st recorded in the prior April.
Eastern Cornbelt:
June phos acid postings in the Eastern Cornbelt remained at $14.00/unit rail-DEL, down from $17.50/unit rail-DEL in May.
Western Cornbelt:
Phos acid prices were steady at $14.00/unit rail-DEL in the Western Cornbelt for June tons, down from $17.50/unit in May.
California:
June pricing for phos acid remained at $17.50/unit rail-DEL in California, with MGA referenced at $17.70/unit FOB Lathrop. A reset is expected in July. Itafos on June 1 reposted phos acid at $1,625/ton of P2O5 for rail-DEL product in California and Arizona.
Pacific Northwest:
Thephos acid market for June was unchanged at $17.00/unit FOB Pocatello, Idaho, and $17.50/unit rail-DEL in the Pacific Northwest. A reset is expected in July. Itafos on June 1 reposted phos acid at $1,625/ton of P2O5 for rail-DEL product in Oregon, Washington, Idaho, and Montana.
India:
With no updated deals in hand, India phosphoric acid contracts remained at their first-quarter $1,530/mt P2O5 CFR level, sources said. Contracts were valued at $1,330/mt P2O5 CFR in Q4 2021, a $200/mt difference.