U.S. Gulf: Nothing new was reported on barges, with the market remaining at $360-$365/st FOB.
Eastern Cornbelt: Potash pricing was steady at $390-$397/st FOB regional warehouses, with the low for red granular and the high for white granular tons.
Western Cornbelt: The potash market in the Western Cornbelt remained at a firm $390/st FOB for red granular and $397/st FOB for white granular tons.
Southern Plains: Potash pricing out of regional warehouses in the Southern Plains was quoted at a firm $390/st FOB in late July. Intrepid Potash’s postings FOB Carlsbad, N.M., included $385/st for 60 percent standard, $390/st for 60 percent granular and 62 percent standard, and $397/st for 62 percent granular and 62 percent Super Sol.
Intrepid’s Trio (sulfate of potash magnesia) postings FOB Carlsbad included $365/st for standard, $375/st for granular, and $380/st for premium.
South Central: The potash market was quoted at a firm $390/st FOB warehouses in the South Central region.
Southeast: The potash market remained at $390-$395/st rail-DEL in the Southeast, with the warehouse market pegged at the $390/st FOB level.
China and India: PotashCorp executives were upbeat about the granular potash market in talks with analysts July 24, but not so much about the standard market.
Rather than inking brand new contracts for the second half in China and India for standard product, executives say buyers are instead simply taking optional tons on the their first-half contracts. And with those options, it appears prices of $305/mt CFR to China and $322/mt CFR to India will remain in place for the second half.