U.S. Gulf: Potash barge price ideas were called $250-$255/st FOB, with no activity.
Eastern Cornbelt: The regional potash market was quoted at $295-$310/st FOB in the Eastern Cornbelt, with most river terminals reported in the $300-$305/st FOB range last week.
Western Cornbelt: Potash was unchanged at $295-$310/st FOB regional warehouses in the Western Cornbelt, with the low out of river locations and the upper numbers inland.
California: Sources continued to report movement of potash, gypsum, and sulfur on nut trees in California.
The potash market was unchanged at $464-$470/st FOB warehouses and $475-$485/st DEL in the state, depending on grade and location. “We keep hearing that potash is going to drop sometime soon, but have no idea as to amount, and only on MOP at this time,” said one regional contact.
Sulfate of potash (SOP) was steady as well at $722-$735/st FOB in California.
Crystalline potassium nitrate was pegged at $950/st FOB for bulk and $1,020/st FOB for bags, also unchanged from last report.
Pacific Northwest: Potash was unchanged at $401-$425/st DEL in the Pacific Northwest, with the low for rail and the upper end for truck-DEL tons. The warehouse market was quoted at $405-$420/st FOB, depending on grade and location.
Potash pricing FOB Utah mines remained at $360/st FOB for 60 percent standard and $365/st FOB for 60 percent granular.
The sulfate of potash (SOP) market was steady at $727-$737/st FOB in the Pacific Northwest.
SOP Magnesia pricing remained at $463-$483/st FOB in the region.
Western Canada: Potash was quoted at $470-$480/mt FOB regional warehouses, with the Saskatchewan mine price remaining at $445-$450/mt FOB to Canadian customers.
Brazil: A decrease in some of the potash stocks at warehouses on account of the recent planting season has been a source of some relief to importers. However, with market conditions remaining fundamentally weak, prices have come under further significant pressure this week. There were reports that prices have sunk as low as $265/mt CFR.
BPC said it plans to deliver granular tons to warehouses during December, including volumes for small lot sales.
India: Belarus Potash Co. (BPC) confirmed that it took the award for 3 x 35,000 mt of standard potash under RCF’s Nov. 3 tender. The tons were awarded at the existing contract price of $332/mt CFR with 180 days credit.
The first shipment has already been made, and the second and third shipments are scheduled for the second half of January and March 2016, respectively.
Northwest Europe: Buying interest remains minimal. Granular prices are notionally assessed at €290-€305/mt CIF. One supplier said it continues to ship granular material under long-term contracts priced at around €300/mt CIF until the end of the year.