US Gulf:
Market players reported a standstill in 2024 negotiations, with buyers seeking a rollover from 2023 contracts. Spot tons drifted to $105-$110/mt CFR for the week, off $15/mt from $120-$125/mt CFR at last report.
Brazil
A flurry of concluded business saw Brazil prices decline to $120-$130/mt CFR, off from $128-$135/mt CFR at last report. Market players expect prices to continue drifting lower in the next few weeks.
Chile
Negotiations for 2024 annual contracts have reportedly begun to settle in the mid- to high-$120s/mt FOB, with sources noting an overall feeling of balance in the market despite some length in Asia. Negotiations remain underway but are expected to conclude at similar levels soon.