K+S raises granular MOP prices by €25/tonne

14 February 2008 10:10  [Source: ICIS news]

LONDON (ICIS news)--Leading Europe potash supplier Kali and Salz (K+S) has raised the price of granular muriate of potash (MOP) by €25/tonne ($36.5/tonne) to €345/tonne effective immediately, amid continued strong demand and tight supply, a company official said on Thursday.

 

The price would remain in place until further notice, the company official said.

 

The previous price of €320/tonne CIF (cost, insurance, freight) NWE (northwest Europe) was set in January.

 

Meanwhile, Israel Chemicals (ICL) is reported to have also raised its price to €345/tonne CIF, and Belarusian Potash Company (BPC) is also expected to follow suit after already concluding sales at €330/tonne CIF.

 

Granular MOP prices have risen strongly over the past year on the back of tight supply, strong demand and high freight and energy costs.

 

Prices were in the €170s/tonne CIF NWE this time last year, according to global chemical intelligence service ICIS pricing.

 

($1 = €0.69)

By: Rebecca Clarke
+44 20 8652 3214

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