US Gulf:
Most sources put the latest NOLA potash barge trades at $625/st FOB, though there were unconfirmed reports of $610-$615/st FOB.
Eastern Cornbelt:
The potash market was quoted at $705-$735/st FOB in the Eastern Cornbelt, with the Cincinnati price reported at $705-$710/st FOB and reflecting a drop of $10/st from the previous week.
Western Cornbelt:
Potash was unchanged at $710-$735/st FOB in the Western Cornbelt, depending on location, with the St. Louis market pegged at $710-$720/st FOB in early September.
California:
Potash pricing in California was pegged at $875/st FOB for 60% MOP and $895/st FOB for 62%.
Pacific Northwest:
Potash was unchanged at $845-$865/st FOB in the Pacific Northwest, with the low for 60% and the high for 62% MOP. The last reference prices from Intrepid FOB Moab and Wendover, Utah, included $850/st for 60% white standard and $855/st for 60% white granular.
Western Canada:
Sources quoted potash pricing at C$990-$1,050/mt FOB Saskatchewan mines for truck tons, depending on grade and supplier.
Indonesia:
There are unconfirmed reports that PT Petrokimia Gresik has bought 55,000 mt of Belarusian standard potash under a tender at around the $800/mt CFR level for shipment in September-October.
Brazil:
Potash buyers in Brazil keep looking at an oversupply situation and keep working to push down prices. The market is now reported at $750-$800/mt CFR, about $50/mt down from the previous week.
Rondonopolis softened at the low end of the range to $860-$900/mt FOB ex-warehouse. The oversupply of MOP is just as acute with the local distributors as it is at the port warehouses, said sources.
Imports of MOP for January-August 2022 were reported at 9.4 million mt by Trade Data Monitor, up 21% from the 7.8 million mt imported during the same period in 2021. The main supplier was Canada with 3.5 million mt, followed by Russia with 2.5 million mt, and Belarus with 963,000 mt.
August 2022 imports were reported at 985,000 mt, down from the 1.5 million mt imported during August 2021. Canada accounted for about half of the August 2022 imports with 656,000 mt. Russia sent 404,000 mt for 19% of the import market. Germany with 153,000 mt followed for 16% of the imports, and Israel sent 117,000 mt for 12% of the import market.
Correction:
The Southeast Asia standard potash CFR price for the issue dated Sept. 2, 2022, should have read $810-$900/mt instead of $850-$900/mt.