U.S. Gulf: The prompt NOLA barge market was reported to be transitioning into the summer fill market last week, with prompt numbers reported at much lower prices.
A very large quantity of product was reported to be sold as low as $218/st ($6.81/unit) FOB. These numbers were not available for smaller lots, with sources calling those $225-$230/st ($7.03-$7.19/unit) FOB. Still others said single barges last week were being sold as high as $270/st ($8.44/unit) FOB. However, the lower numbers appear to be a driving force going forward.
There were reports that CF is loading an export to Eastern Canada that would equate to $220/st FOB or below.
The East Coast vessel market was put in the $240-$250/mt CFR range. Sources said this was in line with new, lower numbers at NOLA.
Some sources were quick to argue that inland terminal prices remain relatively firm compared to NOLA and East Coast numbers.
Eastern Cornbelt: The UAN-28 market was quoted at $280-$285/st ($10.00-$10.18/unit) FOB Cincinnati on the low end, with the upper end of the regional range pegged at $295-$300/st ($10.54-$10.71/unit) FOB inland terminals in Ohio and Indiana.
Western Cornbelt: Sources reported lower prices for UAN in the Western Cornbelt last week. Sidedress demand was described by one Iowa source as “okay, but nothing big.”
The UAN-32 market was pegged in a broad range at $310-$340/st ($9.69-$10.63/unit) FOB in the region, with the low out of regional production points on a spot basis. One Missouri contact quoted the common dealer market at the $325/st ($10.16/unit) FOB level out of terminals in his trade area.
Northern Plains: The UAN-28 market was slipping in the Northern Plains. Sources pegged the dealer market at $298-$320/st ($10.64-$11.43/unit) FOB in the region, with the low in the Twin Cities and the upper end FOB Moorhead, Minn. Delivered UAN-28 in North Dakota was reported at the $350/st ($12.50/unit) level.
Northeast: The UAN-30 market had reportedly slipped to $275/st ($9.17/unit) FOB Baltimore, Md., down $5/st from last report, with UAN-32 pegged in the $285-$290/st ($8.91-$9.06/unit) range FOB Savannah. Out of terminals in upstate New York, the UAN-32 market was quoted at $344/st ($10.75/unit) FOB in early June, down $11/st from last report.
Eastern Canada: The UAN-28 market had reportedly slipped to $340-$350/mt ($12.14-$12.50/unit) FOB in Eastern Canada, down roughly $10/mt from last report.