U.S. Gulf: Barges were a tad weaker last week at $480-$490/st FOB. Sources said product is moving, but there is enough in inventory so that prices are flat to weaker.
Eastern Cornbelt: The potash market was reported at $525-$540/st FOB Eastern Cornbelt warehouses, depending on grade and location.
Western Cornbelt: Potash was pegged at $525-$540/st FOB most regional warehouses in early April.
Southern Plains: Potash was reported at $525-$535/st FOB Southern Plains warehouses. The potash market FOB Carlsbad, N.M., continued to be quoted in the $530-$535/st range, depending on grade, but sources said they were certain some deals could be had.
South Central: Most sources pegged the potash market solidly at the $525/st level FOB South Central warehouses, and product has been moving to the field. There were reports of some outages last week at regional terminals, but that was not confirmed.
Southeast: Rail-delivered potash pricing in the Southeast region was generally quoted in the $560-$580/st range, depending on grade and destination.
China: The Arab Potash Co. Ltd. says it has agreed to supply China’s Sinochem Fertilizer Macao Commercial Offshore Ltd. with 250,000 mt of potash during the first half of 2012. The two parties agreed to keep the prices for this quantity unchanged. They also agreed on certain optional quantities, to be declared at a later time.