U.S. Gulf:
NOLA potash barges were generally put in the $525-$550/st FOB range, up from the week-ago $510-$540/st FOB. Most were expecting the next trade to occur in the $550-$560/st FOB range, although some thought the market may have topped out at $550/st FOB.
Eastern Cornbelt:
Potash was quoted at $555-$595/st FOB in the Eastern Cornbelt, depending on location, with the Cincinnati market pegged in the $585-$595/st FOB range for limited offers.
Western Cornbelt:
Sources quoted the potash market at $545-$575/st FOB in the Western Cornbelt, depending on location, with the St. Louis market pegged at the $560-$570/st FOB level.
California:
Potash pricing in California remained at $535/st FOB for 60 percent and $545/st FOB for 62 percent MOP, with rail-DEL offers reported in roughly the same range.
Pacific Northwest:
Potash pricing was steady at $460-$470/st FOB and $470-$480/st DEL in the Pacific Northwest. Potash postings from Intrepid FOB Moab and Wendover, Utah, included $540/st for 60 percent white standard and $535/st for 60 percent white granular.
Western Canada:
The Western Canada potash price was steady at C$560/mt FOB Saskatchewan mines for limited truck tons.
China:
First semester imports of MOP in China were up 18.5 percent, to 4.6 million mt from 3.9 million mt during the same period in 2020, according to Trade Data Monitor.The three main suppliers were Canada at 1.3 million m, Russia at 1.26 million mt, and Belarus at 1.1 million mt.
Second-quarter imports were up 16 percent, to 2 million mt from 1.7 million mt last year. June 2021 imports totaled 499,000 mt, up slightly from the June 2020 total of 494,000 mt.
Brazil:
Potash demand remains strong in Brazil against limited supplies. The price range tightened to $610-$650/mt CFR at Paranagua. Sources said the issue is that buyers want the product, but are hesitant to allow prices to run amok. At the same time, supplies at the ports are said to be limited.
Inland prices are also seeing an increase. Buyers also continue to express concern that queries for product to major suppliers are usually rebuffed because of limited or no product available. The Rondonopolis prices is now reported at $750-$801/mt FOB ex-warehouse, representing an increase of about $55/mt.