U.S. Gulf:
NOLA potash barge prices were called $650-$685/st FOB, up from the week-ago $650-$680/st FOB. Price ideas for December were reported to be $690-$695/st FOB, with January at $720/st FOB, although some questioned whether the market had the stamina for further increases.
Eastern Cornbelt:
The potash market was unchanged at $715-$730/st FOB in the Eastern Cornbelt, with the low confirmed at Cincinnati. Michigan warehouse pricing was pegged at $750/st FOB for red and $755/st FOB for white granular tons.
Western Cornbelt:
Potash pricing was steady at $700-$730/st FOB in the Western Cornbelt, depending on location.
Northern Plains:
Potash prices FOB St. Paul were quoted at $710-$730/st FOB during the week. The last prices FOB Saskatchewan mines were reported at $589-$599/st FOB for Q4 tons after netbacks, depending on grade.
Northeast:
Potash pricing edged up to $700-$750/st FOB in the Northeast, with the low reported at Baltimore and the high at Fairless Hills for Q4 offers.
Eastern Canada:
Potash prices were quoted at C$825-$840/mt FOB in Eastern Canada for 4Q shipment, up C$30/mt at the low end of the range.
China:
Imports of MOP into China for January-September 2021 were down 11 percent, according to Trade Data Monitor, to 6.1 million mt from 6.8 million mt during the same period in 2020.
Third-quarter imports were down by almost half, to 1.5 million mt from 2.9 million mt in the same period of 2020.September 2021 imports of 545,000 mt were down by more than half from the 1.2 million mt imported in September 2020.
Brazil:
Activity at Paranagua allowed for a larger range in pricing ideas to emerge, with sources now pegging the MOP market at $780-$820/mt CFR. The lower end of the price range in Rondonopolis moved up, while the upper end came down as buyers and sellers come to more agreements on pricing. Sources put the price at $900-$903/mt FOB ex-warehouse.
The barter rate remained stable at 105 bags of corn for 1 mt of MOP.