Denver-Intrepid Potash Inc. has released preliminary potash sales figures for July and August of 2010. The company says it sold 127,000 st of potash during those two months – 52,000 st in July and 75,000 st in August – at an average net realized sales price of $339/st. For the entire third quarter of 2009, Intrepid only sold 111,000 st tons, though at an average price of $458/st (GM Nov. 9, 2009). July and August 2010 Trio sales volumes were 32,000 st, with 9,000 st in July and 23,000 st in August. The average price for the two months was $173/st. Third-quarter 2009 Trio volumes were 40,000 st, with an average price of $246/st. Intrepid says third-quarter 2010 demand from dealers has been robust ahead of what is expected to be a strong fall application season. Intrepid says it is sold out of granular potash through September, and is currently taking orders at higher prices. The current Intrepid potash posting is $360/st FOB, with this increasing to $380/st Oct. 1. Granular Trio is posted at $211/st FOB.
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