MOP (Potash) Brazil CFR US$1,100-1,150. Still crazy high!!!Forwarded by a contact - Summary form an industry publication last week. Simple message, MOP / Potash prices in Brazil remain very very high. I wonder how much volume delivery Verde is locking in for next year?
GLTA
1 June 2022
Executive summary
MOP prices steady
Most MOP prices held flat this week, as market participants gathered in Vienna at IFA. Seasonally, markets are slow, but producers are looking to second-half demand and how to provide limited volumes to a growing number of customers. Buyers are still concerned about MOP availability and high prices, but with BPC all but out of the global spot markets, and Russian potash distributors still struggling to reach typical export levels, availability is set to remain tight.
30-60 day Outlook
Flat, short supply
Producers are unlikely to drop prices rapidly, given the tight global supply situation, and are more inclined to keep levels steady. But some bids could be met in regions where stocks are high and netbacks are favourable.
MOP granular bulk US$/t
Thailand/Vietnam cfr 1,000-1,050
Brazil cash cfr 1,100-1,150
Europe cfr, €/t 850-900
Australia cfr 800-1,000
South Africa cfr 1,100-1,150