Potash spot market supply remains tight

摘要

Potash suppliers did not achieve spot price increases this week although availability in some key markets remains tight. In Brazil, granular MOP prices remained assessed at $245-250/mt CFR. Some buyers are reported to be maintaining wait-and-see approaches as suppliers target levels in the $250s/mt CFR. Brazilian distributors are suggested to be concerned with discrepancies in reported inland and import prices. If true, this may make it more difficult for suppliers to achieve price increases. Still, gMOP demand for soybean applications is reported to be on the rise and some buyers previously conceded that prices in the $250s/mt CFR may be seen in the near future. Higher prices will be more likely if gMOP supply remains as tight as suppliers say that it is currently.