Intrepid Potash Inc.,
Denver, on June 22 announced new potash postings at all mine locations with FOB
Carlsbad at $540/st for 60 percent white granular and $547/st for 62 percent
white standard. New postings FOB Moab and Wendover, Utah, include $540/st for
60 percent white standard and $535/st for 60 percent white granular.
The new values represent
a $90/st increase over previous values and the company said they are in
response to the rapid market appreciation in the barge and inland warehouse
markets. The company indicates they are sold out for the third quarter with
only limited spot tons available to historical customers at the new pricing.
Nutrien Ltd., Saskatoon, said
June 22 that it has increased its first-half 2021 earnings guidance given the
strength in global fertilizer markets and strong operational results.
First-half 2021 adjusted net earnings per share (EPS) is expected to be $2.30
to $2.50, up from the previous guidance of $2.00 to $2.20.
In addition, in response to
continued tightening in global potash market conditions, Nutrien plans to
produce another half a million mt of potash, which is in addition to the half a
million mt increase announced on June 7, 2021. As a result, it now expects to
produce 1 million mt of incremental potash in 2021 compared to expectations
earlier this year. The majority of the increased production is expected to
occur in the fourth quarter, with some of these additional mt expected to be
sold in early 2022.
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