US Gulf:
The NOLA potash market slipped to $330-$335/st FOB for the latest November-December business, down from the previous week’s $330-$345/st FOB range.
Potash was quoted at $400-$420/st FOB in the Eastern Cornbelt, with the low confirmed in Illinois on a spot basis for November-December tons. The Cincinnati market was reported in the $410-$420/st FOB range during the week, up $5/st from last report.
Potash firmed to the $400-$420/st FOB range in the Western Cornbelt, with the low confirmed at Caruthersville and the upper end at St. Louis.
Southern Plains:
Potash was steady at $400-$410/st FOB Catoosa/Inola and Houston in late November. The latest postings from Intrepid FOB Carlsbad, N.M., included $445/st for 60% white granular and $453/st for 62% white standard.
South Central:
Potash firmed to $390-$415/st FOB warehouses in the South Central region, up from the previous $390-$405/st FOB range, with the low reported at Memphis and the high out of river terminals in Kentucky. The Little Rock market remained firmly at the $400/st FOB level in late November.
Southeast:
Potash was unchanged at $360-$370/st FOB port terminals in the Southeast, with reports of rail-DEL tons at the $385-$390/st level.
India:
Trade Data Monitor reported January-September potash imports at 2.3 million mt, a 9% increase from the 2.1 million mt received through the first nine months of 2022.
Third-quarter imports were pegged at 800,000 mt, rising 24% from the 644,000 mt purchased in 2022, while September imports of 269,000 mt were up 22% from 221,000 mt in September 2022. Russia accounted for about 60% of the month’s imports, with 160,000 mt.
China:
Potash imports firmed 38% in January-October, Trade Data Monitor reported, to 9.3 million mt from the year-ago 6.7 million mt. China imported 1.1 million mt in October, up significantly from 514,000 mt in October 2022.
Brazil:
Brazil potash prices softened $5/mt, to $315-$335/mt CFR from the week-ago $320-$340/mt CFR. Players reported both a steady supply of material from sanctioned origins and limited seasonal demand. Prices at Rondonópolis fell to $455-$465/mt FOB ex-warehouse, buyers reported, with most business coming at the bottom of the range.