Potash Prices Lacked Movement: Week Ending September 15
After rising so far this year, potash prices appear to have slowed down. During the ending September 15, the potash prices at the following three locations lacked movement. Potash prices are still above the levels observed in the same week in 2016. Let’s dig deeper into the potash price movements at these three key locations.
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Last week, potash prices in the Cornbelt region of the US moved sideways week-over-week to $230 per metric ton. Last week was the fourth consecutive week that potash prices remained unchanged in the Cornbelt region. However, the prices were almost 6% higher YoY (year-over-year).
The potash prices in Brazil were also flat week-over-week. The prices were unchanged at $265 per metric ton—the 17th consecutive week that potash prices to move sideways at this location. The potash process rose 14% YoY at this location.
The potash prices at the South East Asia location were also unchanged week-over-week. The prices stood at $249 per metric ton for the third consecutive week. The potash prices at this location were ~3% higher from the levels in the same week in 2016.
Potash producers (MOO) PotashCorp (POT), Mosaic (MOS), Intrepid Potash (IPI), and Agrium (AGU) saw their potash segments benefit from upward movements in the potash prices this year. To learn more, read Big Fertilizer: Comparing the Major Players’ 2Q17 Results.