US Gulf:
Sources estimated the spot market at $55-$65/mt CFR, depending on specification, falling from last week’s $65-$80/mt CFR range, a roughly 17% drop. Multiple players reported an absence of demand from domestic consumers.
US Imports:
April sulfuric acid imports softened 25.2% from April 2022, registering 296,692 st compared to 396,788 st. Imports fell 6.2% in July-April, to 2.85 million st from the year-ago 3.04 million st.
US Exports:
April sulfuric acid exports were reported at 11,164 st, a 72.2% decrease from the year-ago 40,144 st. Exports firmed to 823,534 st for July-April, however, up 199.6% from 274,870 st in the prior July-April.
Brazil:
Sources reported no updates at Brazil, leaving last-done in the $70-$80/mt CFR range. Glencore has been linked to recent sales into Brazil from Northeast Europe, with netbacks estimated at $0-$10/mt FOB. Players reported similar pricing on recent transactions into Argentina.