U.S. Gulf: UAN was on an upward march last week. While some players were still calling it as low as $175/st
($5.47/unit) FOB, others said the market was as high as $190/st ($5.94/unit) FOB. Most put it at $180-$185/st ($5.63-5.78/unit) FOB.
The same was true on the East Coast, where players said price ideas had moved from $185/mt CFR to as high as $200/mt CFR.
Eastern Cornbelt: UAN pricing in the Eastern Cornbelt was firming in the wake of stronger urea and ammonia values. Sources pegged the UAN-28 market out of Indiana and Ohio terminals at $196-$205/st ($7.00-$7.32/unit) FOB in early March, while UAN-32 pricing in the Illinois market had reportedly firmed to as high as $230-$240/st ($7.19-$7.50/unit) FOB on a spot basis.
Western Cornbelt: UAN pricing appeared to be ratcheting up in the Western Cornbelt, fueled by the uptick in urea and ammonia values. Sources quoted the UAN-32 market in a broad range at $230-$250/st ($7.19-$7.81/unit) FOB in the region, up some $10-$20/st, with the upper end reported in the Iowa market on a spot basis.
California: UAN-32 pricing remained at $235-$245/st ($7.34-$7.66/unit) FOB port terminals in California, with some locations posted at $250-$255/st ($7.81-$7.97/unit) FOB. Rail-DEL tons remained at $265-$275/st ($8.28-$8.59/unit) in the state on a spot basis.
Pacific Northwest: UAN-32 was quoted at $270-$280/st ($8.44-$8.75/unit) DEL in the Pacific Northwest, up some $5-$12/st from last report. Although there were still reports of lower priced tons circulating on a spot basis in the region, major suppliers were reportedly no longer matching those levels.
Western Canada: UAN-28 was pegged at $320-$325/mt ($11.43-$11.61/unit) DEL for March tons in Western Canada.