U.S. Gulf:
Sources reported physical potash barge trades from NOLA kicking off the trading week at $615/st FOB. Prices rapidly moved up from there, spiking to $640/st FOB by Sept. 28, a sizable jump from the week-ago $590-$610/st FOB range. Business rumored at $660/st FOB went unconfirmed on Sept. 30.
Eastern Cornbelt:
The potash market was pegged at $650-$675/st FOB in the Eastern Cornbelt, up another $20/st or more, depending on location, with the upper end confirmed at Cincinnati late in the week.
Western Cornbelt:
Potash pricing jumped to $650-$690/st FOB in the Western Cornbelt, up $40/st from last report, with the low reported at St. Louis. Iowa sources confirmed spot midweek sales at the $650/st FOB level before the market firmed to $680-$690/st FOB for new offers.
Northern Plains:
Potash prices FOB St. Paul were quoted at $640-$685/st FOB during the week, up from $620-$640/st FOB the week before. The last prices FOB Saskatchewan mines remained at $545-$555/st FOB for 4Q tons, depending on grade.
Northeast:
Potash pricing had reportedly strengthened to $650/st FOB Fairless Hills for the last offers on prompt and Q4 tons, up $25-$30/st from early September.
Eastern Canada:
Potash prices were quoted at C$795-$840/mt FOB in Eastern Canada for 4Q shipment, up C$10-$45/mt from last report, depending on grade and location.
Brazil:
The potash price in Paranagua shifted up to $735-$780/mt CFR. Anxiety over a lack of product appears to be easing as ships with MOP are entering the port to discharge their product. At the same time, more trucks and drivers have been found, easing the pressure of moving the product inland once unloaded.
The Rondonopolis price held even at $860/mt FOB ex-warehouse. However, sources said traders were talking of the price reaching as high as $960/mt FOB ex-warehouse soon.The barter rate at Sorriso for 1 mt of MOP moved up to 102 bags of corn.
Thailand:
January through August MOP imports this year were reported at 676,000 mt by Trade Data Monitor, reflecting a 27 percent increase from the 533,000 mt imported last year during the same period. The main suppliers this year were Canada at 260,000 mt, and Belarus at 191,000 mt.
August 2021 imports were down 36 percent, to 80,000 mt from 121,000 mt in August 2020. The main suppliers this year were Canada at 51,000 mt and Israel at 24,000 mt.