US Gulf:
NOLA potash barge prices moved down to $520-$525/st FOB from the week-ago $530-$535/st FOB.
Eastern Cornbelt:
Potash pricing remained under pressure in the Eastern Cornbelt, with the market falling to $610-$630/st FOB from the prior week’s $630-$650/st FOB. New offers FOB Cincinnati were quoted at the $610/st level at midweek, down from last week’s $635/st FOB, with prices at Ottawa confirmed at the $620/st FOB level.
Western Cornbelt:
Potash prices fell to $595-$610/st FOB in the region in mid-November, down once again from the previous week’s $610-$640/st FOB in the region. The St. Louis market was pegged in the $595-$600/st FOB range, while offers at Catoosa/Inola, Okla., reportedly dropped to $590/st FOB during the week.
Northern Plains:
Sources quoted potash pricing at $610-$620/st FOB St. Paul, down from the previous $635-$640/st FOB level. The latest prices FOB Saskatchewan mines, based on current exchange rates, were reported at $643-$677/st after netbacks, depending on grade and destination.
Northeast:
Potash pricing remained under pressure in the Northeast. Spot offers at midweek were confirmed at $650/st FOB East Liverpool, $655/st FOB Fairless Hills, and $665/st FOB Lancaster, Pa., down from the $685-$700/st FOB regional range in late October.
Eastern Canada:
The potash market in Eastern Canada was pegged in a wide range at C$1,040-$1,110/mt FOB warehouses, down C$16/mt at the low end of the range.
Brazil:
MOP prices in Brazil edged down to $525-$580/mt CFR. Sources said the lower end of the range was mostly related to Russian tons. Rondonopolis tightened to $680-$735/mt FOB ex-warehouse.
Sources said there is some growing interest in taking a long position as buyers focus on the next application season.
India:
January-September 2022 imports of MOP were reported at 2.1 million mt by Trade Data Monitor, down about 20% from the 2.6 million mt imported during the same period in 2021. Of the four top suppliers, Canada and Israel showed an improvement, while Belarus and Jordan slid.
Canada and Israel provided a total of 1.22 million mt during January-September 2022, up from 866,000 mt during the same period in 2021. Belarus and Jordan sent 741,000 mt, against the 1.1 million mt the two jointly sent in 2021.
Third-quarter 2022 imports were reported at 221,000 mt, down 34% from the 335,000 mt imported during July-September 2021. September 2022 imports were reported at 221,000 mt, down 34% from the 335,000 mt imported during September 2021.
South Korea:
January-October MOP imports were reported at 588,000 mt by Trade Data Monitor, down about 11% from the 660,000 mt imported during the same period in 2021. The main suppliers were Canada with 432,000 mt, and Israel with 95,000 mt.
October 2022 imports were reported at 21,000 mt, down from the 88,000 mt imported during October 2021. Canada supplied just about all the tonnage with 20,000 mt.