U.S. Gulf: New prompt business strengthened a bit last week, to $305-$315/st FOB from the prior week’s $300-$313/st FOB. December product was called $315/st FOB.
While most continued to call prills between $315-$330/st FOB, some questioned whether the top end of the range would stand under further testing.
Yara is bringing in a prill cargo in second-half December, as its Libyan plant has resumed full production.
Eastern Cornbelt: Granular urea was steady at $350-$370/st FOB in the Eastern Cornbelt, with the low reported out of spot river locations in Ohio and Illinois and the upper end out of inland terminals.
Western Cornbelt: Granular urea was pegged at $350-$370/st FOB in the region, with the low reported in St. Louis, Mo., and the upper end in Iowa. One Missouri contact pegged the common dealer market at the $360-$365/st FOB level last week.
California: The granular urea market was tagged at $410-$430/st FOB in California, depending on location, with the low end of the range down some $10/st from last report. No current delivered prices were reported for urea in the state.
Pacific Northwest: Granular urea pricing had reportedly slipped to $380-$390/st FOB coastal terminals in the Pacific Northwest, down another $10-$20/st from last report. Delivered urea was reported at $390-$420/st in the region, depending on location.
Western Canada: Regional sources reported a steady run on urea fill tons in the $510-$530/mt DEL range in Western Canada. Some claimed urea fill could be had for as low as $500/mt DEL, while others said those lower numbers were no longer available last week.
Dealer postings for urea remained as high as $535-$560/mt DEL in Western Canada.
Pakistan: The Trading Corporation of Pakistan (TCP) closed four tenders last week for a total of 385,000 mt. The tenders closed on four different dates, Nov. 10-13. Prices dropped in each succeeding tender. The last one for 70,000 mt showed the most dramatic drop.
The buyers were expected to issue awards by the weekend.
The tally of the tenders follows.
| Tender #1 for 105,000 mt Closed Nov. 10 | |
| Company | US$/mt CFR |
| Dreymoor | 318.72 |
| Liven | 318.93 |
| Swiss Singapore | 319.44 |
| Transglobe | 319.50 |
| Multicommerce | 321.43 |
| Trammo | 326.97 |
| Keytrade | 331.44 |
| Quantum | 334.50 |
| Tender #2 for 105,000 mt Closed Nov. 11 | |
| Company | |