US Gulf:
NOLA potash slipped to $315-$330/st FOB for recent business, down from last week’s $330-$335/st FOB range, with the low reported for limited sales of imported tons on Nov. 24. By the last days of November, most sources were quoting new NOLA offers in the $325-$330/st FOB range.
Potash was steady at $400-$420/st FOB in the Eastern Cornbelt, with the low confirmed in Illinois on a spot basis. The Cincinnati market was reported in the $415-$420/st FOB range during the week.
Potash was pegged at a firm $400-$420/st FOB range in the Western Cornbelt, depending on location.
California:
Potash pricing remained at $530-$553/st FOB or DEL in California, depending on grade and location.
Pacific Northwest:
Potash was quoted at $482-$508/st FOB or DEL in Pacific Northwest, with the high reflecting reference pricing for 62% MOP. The last postings from Intrepid FOB Moab and Wendover, Utah, included $435/st FOB for 60% white standard and $440/st for 60% white granular.
Western Canada:
Potash truck pricing in Western Canada was unchanged at C$575-$585/mt FOB Saskatchewan mines for November-December tons, depending on grade.
Thailand:
Potash imports fell 21% in January-October, according to Trade Data Monitor, to 539,000 mt from the year-ago 682,000 mt. October imports totaled 65,000 mt, an increase from the 16,000 mt received in October 2022. Belarus sent 31,000 mt for the month, ahead of 18,000 mt from Laos.
Brazil:
Potash import prices narrowed for the week, to $320-$330/mt CFR from last week’s $315-$335/mt CFR. Improving weather for soybean growing, along with shipping line-ups described as “healthy,” have contributed to stabilizing prices in the market, players said.
Rondonópolis prices fell to $440-$455/mt FOB ex-warehouse for the week, down from $455-$465/mt FOB at last report. Reports of potential oversupply pressured the market, as multiple cargoes are expected to land in Brazil in the coming months. According to sources, suppliers are willing to consider discounts from the current range, especially for large-volume trades, though the market’s ongoing sluggishness has reportedly slowed the decline in prices.