U.S. Gulf:
Import price ideas in the U.S. Gulf were noted in the $245-$250/mt CFR range, although sources generally believed any transactions at those levels were unattainable given current U.S. domestic market values.
Gulf Coast:
Sources reported the start of the bidding season for 2022 annual rail contracts. Still early in the process, little if anything was reported settling to date, although players voiced universal expectations of “significant” year-over-year increases from 2021 prices.
Annual agreements for delivery to Gulf Coast locations were reported in the $85-$110/st DEL range.
Midwest:
Midwest contracts for 2021 were quoted even with the Gulf Coast at $85-$110/st DEL.
West Coast:
Sources quoted the West Coast in the $100-$130/st DEL range for the 2021 contract year.
Brazil:
Last-done on the Brazil spot import market continued to be quoted in the $260-$265/mt CFR range, unchanged from the prior report. Inland pricing was heard carrying a substantial premium to imports, with some putting values in a wide $1,766-$3,532/mt FOB range.