Eastern Cornbelt:
July phos acid postings in the Eastern Cornbelt remained at $14.00/unit rail-DEL, unchanged from June.
Western Cornbelt:
Phos acid prices were steady at $14.00/unit rail-DEL in the Western Cornbelt for July tons.
California:
July pricing for phos acid dropped to $13.50-$14.00/unit rail-DEL in California, down from $16.25-$17.50/unit rail-DEL in June. MGA was referenced at $14.20/unit FOB Lathrop for July tons.
Pacific Northwest:
Thephos acid market for July was reported at $13.50/st FOB Pocatello, Idaho, and $13.50-$14.00/unit rail-DEL in the Pacific Northwest, depending on supplier, down from June’s $17.00/unit FOB and $17.50/unit rail-DEL.
India:
Based on reported 2Q and 3Q settlements from sellers in Jordan and possibly Tunisia, the India phos acid market moved to $1,715/mt P2O5 CFR, up from $1,530/mt P2O5 CFR reported for the first quarter. Updated settlements were not reported from suppliers in Morocco or North America as of July 7.
Reportedly, OCP is still clinging to its price of $2,000/mt CFR. Nailing down any deals between OCP and its Indian partners became harder following the announcement by OCP that it would no longer provide public pricing and deal only with buyers on an individual basis.
Sources said the stalemate between OCP and its Indian partners over pricing came to a head when the Indian government said it would not accept a price higher than $1,600/mt CFR for the quarterly contract. One trader said the government obviously had some wiggle room because it approved the $1,715/mt CFR deal.