PCS announces lower potash postings
PCS Sales announced lower potash prices on Dec. 12. The company’s postings to U.S. customers FOB Saskatchewan mines moved on that date to $425/st for standard, $430/st for granular, and $437/st for soluble and white granular.
PCS’s warehouse postings for granular potash dropped on Dec. 12 to $470/st FOB in Illinois warehouses at Casey, Colfax, Danville, Marseilles, Seneca, and Springfield; Indiana warehouses at Burns Harbor, Delphi, Indianapolis, Jeffersonville, and Walton; Ohio warehouses at Crestline and Maumee; Iowa warehouses at Fort Dodge and Waterloo; and St. Louis, Mo.
Rumors had been circulating that at least one of the potash producers was planning to publish lower potash prices in mid-December. Midwest sources have been quoting warehouse potash pricing in the $485-$495/st FOB range for several weeks. PCS’s last official warehouse postings, effective July 21, 2012, ranged from $530-$540/st FOB, depending on location.