US Gulf:
NOLA potash barges remained at $265-$275/st FOB in a thinly traded market.
Potash slipped to $315-$335/st FOB in the Eastern Cornbelt, with the low reported out of Ohio River terminals on a spot basis. The Cincinnati market remained at $320-$330/st FOB during the week.
Western Cornbelt:
Potash was steady at $315-$330/st FOB in the Western Cornbelt, with the upper end confirmed at Caruthersville and in the Iowa market on a spot basis. The St. Louis market was reported at $315-$325/st FOB during the week.
Southern Plains:
Potash was reported at $320-$340/st FOB regional warehouses in the Southern Plains, depending on location and supplier.
The latest potash reference prices from Intrepid FOB Carlsbad, N.M., were $405/st for 60% white granular and $413/st for 62% white standard, down $55/st from the previous list price. The company’s postings at Moab and Wendover, Utah, dropped to $400/st FOB for 60% white standard and $405/st FOB for 60% white granular, also down $55/st.
South Central:
Warehouse potash pricing in the South Central region slipped to $315-$335/st FOB, down $5/st from last report, with the low confirmed in Kentucky. Most Arkansas warehouses were pegged at the $330/st FOB level during the week.
Southeast:
Potash was quoted at $315-$335/st FOB in the Southeast, depending on grade and location, with rail-DEL pricing reported at the $332-$348/st level in the region.
Northwest Europe:
Seasonally low demand continues to be reflected in flat potash prices across Northwest Europe. Buyers remained disinterested and no updated offers were available from producers. Granular potash in Northwest Europe was unchanged at €330-€350/mt CIF, with standard priced at €315-€330/mt CIF.
Southeast Asia:
Despite expectations for price increases and renewed activity following the India and China potash settlements, market activity in Southeast Asia was largely muted this week, with small pockets of demand reported in Vietnam but no interest from the key markets of Thailand, Indonesia, and Malaysia.
Prices were flat as a result, with standard potash at $275-$290/mt CFR and granular at $330-$340/mt CFR.
Brazil:
Potash imports in Brazil slipped $5/mt at the top of the range, to $290-$300/mt CFR, with most higher offers reportedly disappearing due to the strong inventories.
Inland pricing softened $5/mt at the top of the range, settling at $420-$430/mt FOB Rondonópolis. The market’s firm supply and low prices have continued to support a favorable barter ratio for potash.
January-July potash imports in Brazil firmed 20% year-over-year, Trade Data Monitor reported, to 8.6 million mt. Rising imports from Canada, Russia, Uzbekistan, and Israel contributed to the higher numbers, while tons shipped from Germany fell sharply. Canada sent 3.2 million mt, Russia shipped 3 million mt, and Uzbekistan added 955,000 mt. July imports lifted 40% from July 2023, to 1.7 million mt.