potashcorp increased gran.potash price to $560

News, news, news..!
No upramping, no downramping..!
Only the facts.

Here they are again.
You make your own mind.

Btw, $560pt is just for now. The analyst guys Lee from RBC Capital Markets says that he could see additional price increases for North America this fall that are not reflected in his current forecast.

Cheers.

PotashCorp has increased its posted price for granular potash in the U.S. Midwest by $45 per short ton (8.7 percent) from $515/ton to $560/ton.

Source: Green Markets Green Markets - Feb.24 - Click here (Excl.news, needs subscription)

Source: International Business Times - Feb.25 - Click here

RBC Capital Markets ... "We increased our price target for Intrepid from $38.00 to $44.00. The change reflects an upward revision to our 2012 realized potash price assumption from $500/ton to $550/ton. We believe the increase to our 2012 price forecast is supported by new pricing announcements from PotashCorp and the Belarusian Potash Co. (BPC)," said Fai Lee, an analyst at RBC Capital Markets.
...
PotashCorp has increased its posted price for granular potash in the U.S. Midwest by $45 per short ton (8.7 percent) from $515/ton to $560/ton. Lee expects Intrepid to follow suit and post higher prices for its customers.

If the new pricing represents "summer fill" pricing designed to encourage orders over the seasonally slower summer demand period, Lee could see additional price increases for North America this fall that are not reflected in his current forecast.
...
Separately, Belarusian Potash raised its granular potash price for Brazil by $50/tonne (10.5 percent) to $520/tonne CFR for large buyers and $530/tonne CFR for small buyers effective May 1.

Lee believes higher offshore prices are supportive of North American potash pricing.