US Gulf:
The NOLA potash market remained at $315-$320/st FOB for the latest business, unchanged from last week.
Potash remained at $365-$395/st FOB in the Eastern Cornbelt, depending on location, with the low reported out of Illinois River terminals and the high out of inland warehouses in Ohio. The Cincinnati market slipped to $365-$375/st FOB, down from the previous $375-$380/st FOB range.
In the Great Lakes region, most Michigan warehouses remained at $415-$423/st FOB, depending on grade.
Western Cornbelt:
Potash was unchanged at $365-$385/st FOB in the Western Cornbelt, with the low confirmed at St. Louis and the high in Iowa. Potash prices from Intrepid FOB Carlsbad, N.M., reportedly moved to $460/st for 60% white granular and $468/st for 62% white standard, up $15/st from the previous postings.
California:
Potash reportedly ticked up to $525-$550/st FOB or DEL in California for the last offers.
Pacific Northwest:
Potash pricing in the Pacific Northwest remained at $495-$503/st FOB or DEL for post-fill offers, with the high reflecting reference pricing for 62% MOP and the low for 60%. Sources said those prices, which reflect a $30/st increase from January fill levels, will probably not be fully tested until April, however.
The latest potash postings from Intrepid FOB Moab and Wendover, Utah, strengthened to $455/st FOB for 60% white standard and $460/st for 60% white granular, up $20/st from last report.
Western Canada:
Truck pricing for potash in Western Canada remained at C$580-$585/mt FOB the mine in late February, depending on grade.
Northwest Europe:
Very limited activity was seen in the Northwest Europe potash market this week. While prices held steady, many, including some sellers, expect further reductions will be needed to trigger liquidity when favorable dry weather returns.
Thailand:
Thailand imported 71,000 mt of potash in January, according to Trade Data Monitor, a 46% increase on the year-ago 49,000 mt. Canada sent 46,000 mt for 64% of the imports, while Laos added 17,000 mt.
Brazil:
Potash prices increased to $290/mt CFR, as lower-priced offers are reportedly no longer available in the inland markets. Some sellers were noted pushing offers to $300/mt CFR, with no transactions confirmed at that level.
Following sales of discounted potash reported in recent weeks, the market’s lowest prices are reportedly no longer available at Rondonópolis. While most offers firmed to $405-$420/mt FOB, a $5-$10/mt increase on last week’s $400-$410/mt FOB range, at least two suppliers defied the firming trend to offer material at $390/mt FOB.