U.S. Gulf: Surprise – potash was perhaps the one NOLA product not going up last week. Barges were called $335/st FOB, with some suggesting that business could be done as low as $330/st FOB.
Eastern Cornbelt: Potash remained at $375-$387/st FOB, depending on grade and location, with the upper end quoted for white granular potash. Sources reported no new business, however, and little confidence in those levels. “Don’t offer less unless you want to buy,” said one.
Western Cornbelt: Potash pricing in the Western Cornbelt was quoted in the $365-$375/st FOB range in early December, reflecting another drop from last report. The low end was reported for red granular potash in the Missouri market on a spot basis, with white granular tons pegged at the $372/st FOB level at that location.
California: Muriate of potash pricing remained flat at $500-$510/st DEL and $494-$502/st FOB in California, with the low end reported after discounts.
Crystalline potassium nitrate was steady at $950/st FOB for bulk and $1,020/st FOB for bags.
Although fall demand has ebbed, sources said sulfate of potash (SOP) supplies remained tight in the state. SOP pricing had edged up slightly as a result, with sources quoting the market at $670-$690/st FOB in California.
Pacific Northwest: Potash was quoted at $455-$465/st FOB regional warehouses and $460-$465/st rail-DEL in the Pacific Northwest. The potash market FOB Utah mines had reportedly slipped to $385-$390/st for tons shipped into the Pacific Northwest.
K-Mag remained at $461-$481/st FOB in the region.
Western Canada: The Western Canada potash market remained flat at $460/mt FOB Saskatchewan mines to Canadian customers. Dealer pricing out of Western Canada warehouse locations was unchanged at $468-$491/mt FOB, depending on location and supplier.