U.S. Gulf: NOLA UAN barges remained under pressure, with most sources putting them in the $155-$160/st ($4.84-$5.00/unit) FOB range at best. Others continued to say it would take lower numbers to garner much interest. Another said there was no interest in barges.
The East Coast vessel market was called $160-$165/mt CFR, with buyers eyeing $155/mt CFR.
Eastern Cornbelt: UAN-28 pricing had reportedly fallen to as low as $150-$153.15/st ($5.36-$5.47/unit) FOB Cincinnati, with UAN-32 pegged at the $175/st ($5.47/unit) FOB level there and at Mount Vernon, Ind. Out of inland terminals in Ohio, the UAN-28 market was quoted at the $170/st ($6.07/unit) FOB level for new sales. Illinois sources quoted the bulk of UAN-32 spot quotes in the $185-$195/st ($5.78-$6.09/unit) FOB range in late May.
Out of Michigan terminals, the UAN-28 market was quoted in the $184-$195/st ($6.57-$6.96/unit) FOB range, depending on location.
Sources reported some demand starting for sidedress applications in late May. “We will have preplant, pre-emergence, and sidedress applications all taking place at the same time,” said one contact, noting a significant amount of replanting going on in his area.
Western Cornbelt: UAN-32 was pegged at $185-$205/st ($5.78-$6.41/unit) FOB in the Western Cornbelt, with the lower end of the range quoted out of spot river terminals in Iowa and Missouri.
Northern Plains: UAN-28 pricing in the Northern Plains remained in a broad range at $185-$205/st ($6.62-$7.32/unit) FOB, down $5-$10/st from last report, with the low quoted in the Twin Cities market. Delivered tons were steady at the $220/st ($7.86/unit) level in central and western North Dakota.
Northeast: Sources quoted the UAN-32 market at $170-$175/st ($5.31-$5.47/unit) FOB Baltimore, Md., down another $5-$10/st from last report, with UAN-30 pegged at the $164/st ($5.47/unit) level at that location. The UAN-32 market out of terminals in upstate New York had reportedly slipped to $210/st ($6.56/unit) FOB, down $14/st from early-May pricing levels.
Eastern Canada: The UAN-28 market was down slightly at $275-$290/mt ($9.82-$10.36/unit) FOB terminals in Eastern Canada, with the bottom of the range showing a drop of $10/mt from April levels.
France: Little new UAN business was heard amid thin demand. Prices have been moving down, sources said, with new season prices said to be in the mid- to high-€130s/mt FCA Rouen.