US Gulf:
Trailing the broader phosphate market lower, NOLA TSP barge offers softened to a general $400-$410/st FOB range, off from $425-$430/st FOB in the previous report. Players believed buying interest could return somewhere around the $390/st FOB mark.
Eastern Cornbelt:
TSP slipped to $600-$620/st FOB in the Eastern Cornbelt, down another $20/st from last report, with the low confirmed at Cincinnati.
Western Cornbelt:
TSP pricing plunged to $550-$600/st FOB in the Western Cornbelt, down from the prior $620-$640/st range, with the low reported at St. Louis.
Brazil:
TSP prices came off $20/mt at the ports, to $350-$370/mt CFR. The lower end of the range was heavily influenced by Chinese product. Overall, the price drop was not surprising, as the market is oversupplied and it is the offseason for application.
While the import price came down, sources reported Rondonopolis stable at $485-$510/mt FOB ex-warehouse. The price lists reportedly presented by sellers continued to show TSP at $515-$520/mt FOB. However, said sources, no deals in that range could be found, and buyers continue to push for substantial discounts on the limited tonnage they want.