Does anyone know the current trading price for Phosphate, as opposed to Potash?
Knowing that a Russian company lowered their contract price for Potash to $460 per metric ton, may not be good news for the industry, but I am more concerned with the price of Phosphates.
Legend will make money starting in Q4 as long as the price of Phosphates remains above $150. USD per metric ton. Last I heard, that price was holding steady in the $150. range and was expected to rise as pent up demand and decreased inventories drive contracts higher moving towards the new year.
Please somebody share a current update on Phosphate prices.
Thanks