U.S. Gulf: The UAN barge market remained quiet at $260-$265/st ($8.13-$8.28/unit) FOB for recent trades. While some argued the price was firmly at $265/st, others said the market would have to drop below $260/st to spur any sales.
The last done East Coast vessel business was put at $298/mt CFR, with sellers seeking $300-$305/mt CFR for the next round of business.
Eastern Cornbelt: The UAN market for prompt tons FOB Cincinnati was pegged at $270/st ($9.64/unit) for UAN-28 and $308/st ($9.63/unit) for UAN-32. Sources quoted the upper end of the UAN-28 market at $280-$290/st ($10.00-$10.36/unit) FOB inland terminals in Ohio and Indiana, depending on time of delivery.
Illinois sources quoted the UAN-32 market at $310-$320/st ($9.69-$10.00/unit) FOB and $325-$330/st ($10.16-$10.31/unit) rail-DEL. Postings for May-June tons FOB Peru, Ill., moved on Feb. 1 to $316.80/st ($9.90/unit) FOB.
Western Cornbelt: UAN-32 was generally reported in the $305-$315/st ($9.53-$9.84/unit) FOB range out of regional terminals in the Western Cornbelt last week, with the low reported in Missouri and the upper end in Iowa. That range was down roughly $5/st from last report as uncertainties loom about spring demand and cropping choices.
Southern Plains: UAN-32 was quoted at $280-$305/st ($8.75-$9.53/unit) FOB in the Southern Plains, with the low reported out of Gulf Coast terminals. The market out of Oklahoma production points was reported at $300-$305/st ($9.38-$9.53/unit), up slightly from last report, with some sources citing limited loading due to the Verdigris, Okla., plant being down for a turnaround. “It has put some strength into the UAN market,” said one contact.
South Central: The UAN-32 terminal market remained at $290-$305/st ($9.06-$9.53/unit) FOB in the South Central region, with the low reported at Memphis.
Southeast: The UAN-32 market was quoted at a solid $285/st ($8.91/unit) FOB Wilmington, N.C., and Norfolk, Va., up slightly from last report. Pricing out of Georgia terminals remained in the $280-$285/st FOB ($8.75-$8.91/unit) FOB range in early February.