U.S. Gulf: Most put UAN barge prices at $180-$185/st ($5.63-$5.78/unit) FOB for prompt last week. Price ideas for March were called $190-$195/st FOB. As with urea, price ideas appeared to be lower, but UAN prices were firmer overall.
The last done on the East Coast vessel market continued to be called $200-$205/mt CFR. Sources were divided on the direction of the market, however. While some pointed to quotes in the $205-$208/mt CFR range, others argued that the next trades would likely fall somewhere within the $190-$200/mt CFR range.
Eastern Cornbelt: Ohio sources quoted the UAN-28 market at $184-$185/st $6.57-$6.61/unit) FOB Cincinnati for prompt tons, with UAN-32 pegged at the $210/st ($6.56/unit) FOB level at that location. Illinois sources quoted the UAN-32 market at $210-$225/st ($6.56-$7.03/unit) FOB at mid-month, depending on location and time of delivery.
Western Cornbelt: UAN-32 was steady at $205-$230/st ($6.41-$7.19/unit) FOB in the Western Cornbelt, depending on location and time of delivery. Nebraska sources pegged the market at $205-$215/st ($6.41-$6.72/unit) FOB in late February, while Iowa sources quoted the dealer market at $225-$230/st ($7.03-$7.19/unit) FOB terminals in the state.
Southern Plains: UAN-32 pricing in the Southern Plains was down slightly from last report. Sources pegged the prompt market at $190-$210/st ($5.94-$6.56/unit) FOB out of terminals on the coastal bend of Texas, while pricing out of regional production points fell in the $200-$205/st ($6.25-$6.41/unit) FOB range at mid-month.
South Central: The UAN-32 market had reportedly firmed to $215-$230/st ($6.72-$7.19/unit) FOB in the South Central region, up another $5-$10/st from last report, with the low confirmed at Memphis and the upper end out of Kentucky terminals.
Southeast: The UAN-32 market was quoted at $188-$190/st ($5.88-$5.94/unit) FOB Wilmington, N.C., and up to $195/st ($6.09/unit) FOB Savannah, Ga. Several sources said they expected the lower numbers to firm roughly $5/st in the near-term, however, based on firming import vessel replacement costs. One source said the port terminal market “is lagging.”
Out of inland terminals in Georgia, the UAN-32 market had reportedly firmed to $195-$200/st ($6.09-$6.25/unit) FOB for new sales, up $5/st from last report.