US Imports:
SOP imports for December dropped 91.7% year-over-year, to 2,012 st from 24,216 st. Imports were 17,980 st for July-December, down 65.1% from 51,496 st in the prior year. Canadian imports stood at 14,267 st in July-December, topping 1,439 st from Taiwan and 767 st from Sweden.
US Exports:
SOP exports firmed 10.2% in December, to 1,304 st from 1,183 st in December 2022. July-December exports slipped 51.6%, however, to 13,176 st from the year-ago 27,251 st. Mexico purchased 5,744 st of US product in July-December, followed by Canada with 4,699 st. Singapore received 2,142 st.
Eastern Canada:
SOP was quoted in a broad range at C$1,085-$1,200/mt FOB in Eastern Canada.
Northwest Europe:
Potash prices in Northwest Europe were unchanged during the week, with some on the buy side expecting further declines through spring, making buyers motivated to defer purchases. With no updates about contract negotiations in the region, the SOP price remained in a wide range at €560-€610/mt CIF.