U.S. Gulf:
NOLA potash barges were reported at $715-$725/st FOB, down from the week-ago $735-$745/st FOB. Buyers were reported to be bidding $700-$710/st FOB for the next trade.
Eastern Cornbelt:
The potash market remained at $770-$785/st FOB in the Eastern Cornbelt, depending on location, with Cincinnati pricing pegged at $770-$780/st FOB and Ottawa pricing reported at the $775/st FOB level.
Western Cornbelt:
Potash pricing remained in a broad range at $765-$795/st FOB in the Western Cornbelt, depending on location, with the low reported at St. Louis and the high in Iowa.
Southern Plains:
Potash pricing was unchanged at $760-$770/st FOB in the Southern Plains, with the low confirmed at Catoosa/Inola and the high at Houston. The last potash postings from Intrepid FOB Carlsbad, N.M., remained at $855/st for 60% white granular and $875/st FOB for 62% white standard.
South Central:
The potash market was reported at $770-$780/st FOB in the South Central region, with the low confirmed at Memphis and the high in Arkansas.
Southeast:
The latest potash offers in the Southeast were confirmed at $790-$795/st FOB port terminals, with rail-DEL Canadian tons pegged at the $800-$810/st level in the region.
India:
RCF closed a tender on July 18 for the purchase of 105,000 mt of white/pink potash (GM July 15, p. 14). Shipment is required in three 35,000 mt lots to MBPT HB port, the first by August, the second by September, and the third by October.
South Korea:
Imports of MOP by South Korean buyers for the first half of the year were reported at 370,000 mt by Trade Data Monitor, down marginally from the 391,000 mt imported in January-June 2021. Canada was the main supplier in 2022 with 268,000 mt.
Second-quarter 2022 MOP imports were almost identical to the same period in 2021 at 202,000 mt. June 2022 MOP imports were reported at 73,000 mt, down from 89,000 mt in June 2021. Again, Canada was the main supplier with 67,000 mt.
China:
Imports of MOP during the first half of the year were reported at 4.1 million mt by Trade Data Monitor, down about 11% from the 4.6 million mt imported during the first semester of 2021. Russia supplied 1.1 million mt this year, followed by Belarus at 1 million mt and Canada at 962,000 mt.
Second-quarter 2022 MOP imports of 1.98 million mt were down marginally form the 2 million mt imported during the same period 2021. June 2022 imports were reported at 614,000 mt, up 23% from the 499,000 mt imported during June 2021.
Brazil:
MOP prices edged down slightly to $960-$1,040/mt CFR. Sources said the deals at the lower end of the range seemed to be heavily for immediate delivery. Any talk of delayed shipments was above $1,000 /mt CFR. The MOP price in Rondonópolis came off slightly to $1,030-$1,085/mt FOR ex-warehouse.