U.S. Gulf: New prompt business spanned a broader range at $305-$319/st FOB last week, up from the prior week’s $305-$312/st FOB. January was put in the $315-$320/st FOB range, and February about $5/st higher.
Recent prills were put in the $315-$328/st FOB range.
Eastern Cornbelt: The granular urea market remained at $345-$365/st FOB in the Eastern Cornbelt, with the low end reported FOB Cincinnati, Ohio, and spot river locations in Illinois.
Western Cornbelt: The granular urea market was generally quoted in the $350-$360/st FOB range in the Western Cornbelt.
California: The granular urea market was tagged at $410-$415/st FOB in California. No current delivered prices were reported in the state last week.
Pacific Northwest: Granular urea was steady at $380-$390/st FOB coastal terminals in the Pacific Northwest. There were reports of poor quality Chinese tons available on a spot basis for as low as $365/st FOB, but sales at that level were not confirmed.
Delivered urea remained at $390-$420/st in the region, depending on location.
Western Canada: The granular urea market was tagged at $535-$560/mt DEL in Western Canada, up $25-$30/mt from last report.
India: Indian Potash Ltd. (IPL) closed a tender Dec. 3. The offers showed a marked reduction in pricing ideas from sellers.
More than 2 million tons were offered by 23 companies. Sources expect IPL to take about 1 million mt once the dust settles.
The lowest price came from Trammo at $299.97/mt CFR into Krishnapatnam, setting the base number for all east coast ports. A large group of other offers focused on the $302-$305/mt CFR range.
The tally from the tender follows.
|
Offering Company |
US$/mt CFR |
Quantity |
Discharge Port |
|
|
Firm |
Optional |
|||
|
Trammo |
299.97 | |||