U.S. Gulf: Potash barges were generally called $505/st FOB last week. Observers said that overall, potash continues to be a very slow mover. One said that producer curtailments signal to buyers that there is plenty of material around, so why rush to buy.
Eastern Cornbelt: Potash out of regional warehouses was quoted at $545-$567/st FOB to the dealer, depending on grade and location, with the upper end reported by northern Illinois sources for white granular tons.
Western Cornbelt: Potash remained at $545-$560/st FOB regional warehouses, depending on grade and location. An Iowa source pegged the red granular potash market commonly at the $550/st FOB level last week.
Southern Plains: Potash was quoted at $530-$550/st FOB regional warehouses, depending on grade and location. The potash market FOB Carlsbad, N.M., was pegged in the $530-$540/st range, depending on grade.
Intrepid announced a $15/st increase to its Trio® postings, raising prices FOB Carlsbad to $330/st for standard and $340/st for granular.
South Central: Potash out of regional warehouses had reportedly slipped to $535-$545/st FOB, depending on location and supplier. Potash out of the Memphis market was tagged at $540/st FOB or lower at midweek. “There is a lot of product in producer warehouses,” said one contact.
Southeast: Potash pricing in the Southeast region was down slightly from last report. Sources quoted the warehouse market at $560/st FOB on the low end. Delivered tons were tagged at $560-$585/st in the region, with the low for import tons and the upper end from North American producers.