Intrepid Potash Inc. reported a 34 percent increase in potash volumes for the fourth-quarter ending Dec. 31, 2020. However, the company posted a loss for the quarter of $711,000 compared to the year-ago net income of $2.1 million. The company cited lower fertilizer prices and the impact of COVID-19 on its water business which supplies the oil and gas business.
Sources reported that Calamco on March 1 reposted anhydrous ammonia at $572/st DEL in California, up from the last reference price of $379/st DEL. The company’s aqua ammonia posting in California firmed on March 1 to $157/st FOB, up from $109/st FOB. Industry sources had been expecting a significant price jump from Calamco ahead of the spring season, as the last postings had been in effect since June 2020.
The J.R. Simplot Co. announced a $1.50/unit increase in phosphoric acid prices, effective March 1. New postings include $13.00/unit FOB Pocatello, Idaho, and $13.50/unit rail-DEL in California and the Pacific Northwest.
AdvanSix announced on March 1 that it is increasing the price of ammonium sulfate by another $30/st, effective immediately. The company stressed that its granular ammonium sulfate price FOB Hopewell, Va., will remain at the last posted level of $265/st FOB, however, and is not included in this latest price increase.
Tampa ammonia for March has been concluded at $445/mt CFR, up $115/mt from February’s $330/mt CFR. Sources had been predicting a significant increase due to tight supplies and higher prices at other locations.
