01 June 2011 17:43 [Source: ICIS news]
Business was concluded at $510/tonne (€352/tonne) CFR (cost & freight) for standard MOP, while granular MOP was sold at $525/tonne CFR.
This indicates higher international prices are nearly fully established in the Asian and South East Asian markets.
Certain nations, such as
One European producer says
Additionally, many of the smaller countries in South East Asia have had consistent potash availability in the first half of 2011 because of incoming potash shipments secured via contracts settled earlier at lower prices.
Market players predict all Asian markets will fully accept the current international price levels by mid-June, particularly as BPC earlier this week announced its intentions to boost prices further.
Spot prices to
Canpotex is the world’s largest potash exporter, with average sales up to 9m tonnes/year. It is owned by potash producers Agrium, Mosaic and the Potash Corporation of
($1 = €0.69)
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