US Gulf:
NOLA potash barges remained in the $565-$575/st FOB range.
Eastern Cornbelt:
Potash prices continue to fall in the Eastern Cornbelt, with new offers FOB Cincinnati reported at $655/st, down from the last confirmed $675/st FOB level. Potash pricing in the Great Lakes region was reported at $675-$707/st FOB, with the low confirmed at Toledo and the high for white potash out of Michigan warehouse.
Western Cornbelt:
Potash pricing fell to $650-$670/st FOB in the Western Cornbelt, with the low at St. Louis and the high in Iowa on a spot basis.
Northern Plains:
Sources quoted potash pricing at $680-$690/st FOB and $720/st rail-DEL in the Northern Plains. The latest prices FOB Saskatchewan mines, based on current exchange rates, were reported at $653-$663/st after netbacks, depending on grade and destination.
Northeast:
The potash market in the Northeast fell to $685/st FOB East Liverpool and $720/st DEL for the latest offers, down from the previous $705/st FOB and $730/st DEL levels. The last potash price at Fairless Hills was pegged at the $690-$700/st FOB level.
Eastern Canada:
The potash market in Eastern Canada remained in the C$1,056-$1,110/mt range FOB warehouses, unchanged from last report.
China:
Imports of MOP for January-September 2022 were reported at 6.2 million mt by Trade Data Monitor, up marginally from the 6 million mt imported during the same period of 2021. The main suppliers were Canada, Belarus, and Russia, each supplying 1.5-1.7 million mt.
Third-quarter 2022 MOP imports were up dramatically, to 2.1 million mt from the 1.5 million mt imported during the July-September 2021 period.September 2022 MOP imports were reported at 651,000 mt, up 20% from the 545,000 mt imported during September 2021.
Brazil:
Prices of MOP continue to soften in Brazil, with sources pegging the market at $570-$620/mt CFR. Further drops are expected to take the price range well below $600/mt CFR. Sources point to limited demand and high stockpiles to back up their arguments for lower prices.
The Rondonopolis MOP price continued its downward path as well. Sources now peg the market at $735-$750/mt FOB ex-warehouse, with reports that inland suppliers have too many tons and not enough buyers.