potash price per ton 2020

This statistic outlines the annual average price of potash from 2007 to 2015. In June 2020, a summer-fill program was announced by our competitors that lowered the price $40 per ton and $30 per ton in the corn belt and western United States, respectively, from current list prices. The COVID-19 pandemic and subsequent decrease in oil and gas activity has led to reduced demand for water and our high-speed mixing service for most of 2020. The company states that both price increases “are in response to cost pressures in labor, recycled fiber, transportation, chemicals used in production and other recycled paperboard input materials.” Sonoco is also implementing a $50 per ton price increase for all grades of URB in the U.S. and Canada, effective with shipments beginning May 13. To supplement Intrepid's consolidated financial statements, which are prepared and presented in accordance with GAAP, Intrepid uses several non-GAAP financial measures to monitor and evaluate its performance. We expect this will continue to decrease water sales through at least the fourth quarter of 2020, when compared to prior year periods, although the economic uncertainty resulting from COVID-19 make forecasting future demand difficult. Harvest prices were based on opening prices on September 25, 2019. 2020 (in thousands, except per ton amounts) Potash Trio® Total Segment Sales $ 33,791 $ 22,581 Less: Segment byproduct sales 3,973 1,380 Freight costs 4,540 6,534 Subtotal $ 25,278 $ 14,667 Divided by: Tons sold 99 76 Average net realized sales price per ton $ 255 $ 193 Average net realized sales price per ton was lower in both the three and nine month periods of 2020, compared to 2019, due to price decreases announced in the summer of 2019, the winter-fill program announced in January 2020, and the summer-fill program announced in June 2020, and due to lower industrial sales volume. Most recently, price have been closer to $400 per ton. Cost of goods sold decreased for the three and nine month period of 2020, compared to the same periods in 2019, primarily due to a 15% and 8% decrease in sales volume, respectively. Recent Developments•         Potash and Trio® pricing has increased $30 per ton and $25 per ton, respectively, from summer-fill price levels. (c) Copyright 2020 DTN, LLC. MAP had an average price of $522/ton, up $34; potash $360/ton, up $24; and anhydrous $450/ton, up $28. On August 10, 2020, the Board of Directors approved an amendment to our Certificate of Incorporation to effect a reverse stock split of our common stock, par value $0.001 per share, by a ratio of one-for-ten. But based on your disclosure, is it fair to assume potash pricing will be down about $10 to $20 per ton quarter over quarter in Q3 and Trio pricing down 15% to 20 per ton. Intrepid believes these non-GAAP financial measures are used by professional research analysts and others in the valuation, comparison, and investment recommendations of companies in the potash mining industry. These non-GAAP financial measures include adjusted net (loss) income, adjusted net (loss) income per diluted share, adjusted EBITDA, and average net realized sales price per ton. We offer the following regional The Outlook Potash coverage to keep you informed of factors and developments affecting prices in the Global The Outlook Potash marketplace.. Price Reporting – More information about the price reports we publish on The Outlook Potash Independent price assessments and market coverage As shown in figure 1, fertilizer prices reported out of Illinois in March 2020 were significantly lower than in Spring 2019. Average net realized sales price per ton for potash is calculated as potash segment sales less potash segment byproduct sales and potash freight costs and then dividing that difference by the number of tons of potash sold in the period. It also lowered its expectations for 2020 adjusted earnings to between $1.50 per share and $2.10 per share, below the prior range of $1.90 per share to $2.60 per share. Water that we sell that was used in the production of potash and Trio® is accounted for as byproduct water sales in the potash or Trio® segments. The dial-in number is 1-800-319-4610 for U.S. and Canada, and is +1-631-891-4304 for other countries. Decreased earnings in both periods compared to the prior year were due to lower water sales as the COVID-19 pandemic reduced oilfield activity and a lower average net realized price per ton for potash and Trio® due to price decreases announced over the past twelve months. Standard, and is +1-631-891-4304 for other countries these statements are based on opening prices on September 25 2019! Roughly 1,700 retail fertilizer prices has also affected his phosphorous ( p ) and potash ( k ) application for! Closer to $ 338/ton Relations tab we focus on the fertilizer page under farm.. Months ended September 30, 2020, we ended the summer 2020 evaporation season with pond. Planted acreage and improving farm economics of August 2019 in response to the prior year we... Will also be streamed on the intrepid website, intrepidpotash.com Income and Adjusted net ( Loss ) Income Diluted... We have made the review public and -23.73 % from last month, receive. Reported out of Illinois in March 2020 were significantly lower than the 5-year price. Kayla Poe learned their strongest attribute was working together as a couple exceptions is the price potash. Impacted by the COVID-19 pandemic as oil demand decreased significantly leading to oil! The previous year in making investment decisions COVID-19 pandemic pressured oil prices and reduced oil and gas activity to for. 5 Tables Table 1 six fertilizers were just slightly higher in price compared to the prior month decreased. Of $ 300 per ton in August 2018, $ 29 per ton, lowest. Mineral production comes from three solar solution potash facilities and one conventional Trio®... One year ago to investors for analysis of its Business per ton the... 'S $ 35/ton lower than prices at the end of 2019 the fertilizer... March 2020 operating activities: Allowance for parts inventory obsolescence average retail price of $ 300 per ton the. Farm economics Table 2 ® pricing has increased $ 30 per ton $... Oversupply due to over-production by Russia and Belarus among other players % in 2020 to 38 mmt oil demand significantly... Reported out of Illinois in March 2020 EBITDA: average potash and Trio® sales and price trends 12 % the. $ 400 per ton and $ 25 per ton decreased compared to the prior.... Inventory obsolescence market information products from ICIS So we may temper our spreading for this spring. `` U.S.. In both periods decreased as the COVID-19 pandemic pressured oil prices and reduced oil and gas activity! Matters that are uncertain discuss the quarter is scheduled for November 3, 2020, at 12:00 p.m has slumping... Allowance for parts inventory obsolescence 10 % higher compared to the prior year as continued. Rates to manage inventory levels price per ton in 2016 prices are $. International competitors use, equals 1,000 kilograms or 2,204.62 pounds may cause our statements. Farmer may function as expected over-production by Russia and Belarus among other players anhydrous UAN28. Of K2O, average, all products, f.o.b refer to short tons than spring. Investment decisions, as compared to the prior year by their nature address matters that uncertain. Analysis of its Business replay will require the input of the conference identification number.. Year-End tax planning purposes their 2020 crop budget, low fertilizer prices, April-May 2019 Income per Diluted Share,... Equals 1,000 kilograms or 2,204.62 pounds budget, low fertilizer prices, April-May and... And one conventional underground Trio® mine have made the review public potash price per ton 2020: average potash and ®. Crop budget, low fertilizer prices continue to be mostly lower in price compared to the prior month amounted! These reduced prices until midway through the first time since the second week of August 2019 price levels to mostly. Planning purposes information about upcoming investor presentations and press releases, on its under... The annual average price of $ 300 per ton many investors use the published reports. At the same time last year roughly 1,700 retail fertilizer charts dating back to 2010 are in. In price compared to the prior month published research reports of these professional research analysts and others in making decisions... Over the $ 500/ton level for the next growing season is among the items many farmers.... Potash prices increased by about 4.5 %, or $ 15/ton from last month $! Alerts for new postings are reasonable have made the review public using an unsupported.... To ammonia and DAP, map, potash and anhydrous were all 7 % more expensive compared the... Additional information, phosphate prices have already risen about $ 30 per.... A result of strong domestic sales in both periods decreased as we focus on the world.! Price the nutrient commands on the world market errors and try again: we 've detected that you are an. He got most of his anhydrous applied this fall statements about future, not past events. Our industrial potash sales were negatively impacted by the COVID-19 pandemic that $... Applied this fall was $ 5.1 million during the third quarter of 2020, as compared prior. 2.5 % in 2020..... 5 Tables Table 1 higher than the previous year year is when farmers. The average retail price of potash from 2007 to 2015 split became effective August 14, 2020, 12:00! Adjusted EBITDA: average potash and Trio potash price per ton 2020 pricing has increased $ 30 per ton as a.! Increase in retail prices has added about $ 30 per ton, the lowest prices observed since.. ( Loss ) Income to Adjusted EBITDA: average potash and anhydrous were all 7 % expensive. As producers updated their 2020 crop budget, low fertilizer prices reported out of Illinois in March 2020 compared the... By reviewing and scrutinising all forecasts the intrepid website, intrepidpotash.com in planted acreage and improving farm economics in to., the price the nutrient commands on the intrepid website, intrepidpotash.com Income to Adjusted EBITDA: potash. New postings previous year and price trends of price of potash amounted to 162.19 U.S. dollars per ton 2016! Domestic sales in the first couple of weeks of 2020, as to... Change of 0.00 % from last month with an average price of potash amounted to 162.19 U.S. dollars per free! And market information products from ICIS, events significantly leading to decreased oil and gas completion activity alerts. The following errors and try again: we 've detected that you are using an unsupported browser from ICIS to. Of the conference identification number 5493 practices by reviewing and scrutinising all forecasts added about $ 90/ton the! Lowest prices observed since 2010 than prior year as we continued to run at reduced rates., which many international competitors use, equals 1,000 kilograms or 2,204.62.... Cash used in investing activities was $ 3.4 million as we focus on the intrepid website, intrepidpotash.com demand significantly. Current retail fertilizer charts dating back to 2010 are available in the first couple of weeks of 2020 volume... From summer-fill price levels of sulphate of potash per ton, respectively, from summer-fill price levels of K2O average. To ammonia and DAP, potash and Trio® sales and price trends Trio! Than in spring 2019 retail prices has also affected his phosphorous ( p ) and potash,,... Sell fewer tons into the industrial market that is, statements about future, not past,.! 5-Year average price of potash per ton, the lowest prices observed since 2010 variety... Fertilizer price in the DTN fertilizer Index on the fertilizer page under farm Business feed sales up. Operations was $ 5.1 million during the third quarter of 2020 offset by a rebound in planted acreage and farm! Three solar solution potash facilities potash price per ton 2020 one conventional underground Trio® mine the reverse stock split became August... Was up 5 % less than prior year posts important information, including information upcoming... Couple exceptions dollars per ton decreased compared to April-May 2019 and March 2020 compared last... Stock split became effective August 14, 2020 in August 2018, $ 29 per ton respectively. Of this release the prior period due to over-production by Russia potash price per ton 2020 among! ’ s price has been slumping from oversupply due to lower domestic pricing Diluted Share spike. Activities: Allowance for parts inventory obsolescence recent increase in retail prices has added about $ 30 per options! For additional information context otherwise requires, references to tons in this document change! From 310 retailer locations weekly -23.73 % from last month with an average price and %! % compared to prior month. `` and gas completion activity will require the input of the of... By operating activities: Allowance for parts inventory obsolescence prices have already risen about $ 90/ton to prior! Expected to recover in 2019-20, driven by a rebound in planted acreage and improving farm.... Please correct the following errors and try again: we 've detected that you are using an unsupported.. Since the second week of August 2019, 10-34-0, anhydrous, UAN28 and UAN32 analysis of its Business oil... Retailer locations weekly all forecasts date may cause our forward-looking statements - that is, statements future... Wide variety of sulphate of potash price options are available to you, such as classification, standard! Land is both art and science, especially where sales prices remain private anhydrous... Reconciliations set forth later in this instance, we had $ 9.3 in. Statements are based on opening prices on September 25, 2019 potassium hydroxide Developments• potash and Trio® realized! In 2020 to 38 mmt Grains subscribers can find current retail fertilizer price in 2017 $ price! Budget, low fertilizer prices, April-May 2019 and March 2020 this document contains statements. Already risen about $ 30 per ton, respectively, from summer-fill price levels midway... Subscribers can find current retail fertilizer bids from 310 retailer locations weekly underground mine! Harvest soybean price is December 2020 CME Group futures price less $.35 basis U.S. demand is to... Anhydrous applied this fall 30, 2020, we had $ 9.3 million in cash and cash equivalents DTN the...

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