U.S. Gulf:
NOLA potash barges continued to slip, with new trades reported as low as $670/st FOB, if not lower. A $665/st FOB could not be confirmed at press time. The range for the week stood at $670-$680/st FOB, down from last week’s $675-$695/st FOB.
Eastern Cornbelt:
Potash pricing remained at $740-$760/st FOB in the Eastern Cornbelt, with both the high and low reported at Cincinnati. In the Great Lakes region, new offers FOB Toledo were confirmed at $763/st FOB for August-September and $780/st FOB for October-November.
Western Cornbelt:
Potash continued to be quoted at $720-$760/st FOB in the Western Cornbelt, with the upper end confirmed in the Iowa market. St. Louis potash prices were pegged at $720-$740/st FOB at mid-month.
California:
Potash pricing in California remained at $875-$890/st FOB for 60% MOP and $895-$910/st FOB for 62%.
Pacific Northwest:
Potash pricing was steady at $845-$865/st FOB in the Pacific Northwest, with the low for 60% and the high for 62% MOP. The last reference prices from Intrepid FOB Moab and Wendover, Utah, included $850/st for 60% white standard and $855/st for 60% white granular.
Western Canada:
Sources quoted potash pricing at C$990-$1,020/mt FOB Saskatchewan mines for truck tons, depending on grade and supplier.
Brazil:
MOP prices shifted moderately to $850-$900/mt CFR. The slight movement down has not deterred sources from saying the floor in the market has been reached. The Rondonopolis price, for all practical purposes, has stabilized at $1,010-$1.035/mt FOB ex-warehouse.
South Korea:
Imports of MOP for January-July 2022 were reported at 377,000 mt by Trade Data Monitor. This is down about a quarter from the 504,000 mt imported during the same period in 2021.
July 2022 imports were reported at 7,000 mt, all from Laos, down from the 113,000 mt imported during July 2021.