U.S. Gulf:
NOLA UAN barges for February were reported in the $160-$165/st ($5.00-$5.16/unit) FOB range. Sources said finding any near-term product was difficult, however, with much February product sold weeks ago at $122-$130/st FOB.
Most NOLA quotes circulating this week were for April/May and were at $180-$185/st FOB, with some predicting the market would hit $200/st before the run-up stops.
Eastern Cornbelt:
UAN-32 prices in the Eastern Cornbelt started the week at $210-$217/st ($6.56-$6.78/unit) FOB regional terminals for spring tons, but another round of posting hikes from CF Industries on Jan. 27 pushed levels up from there. The latest reference prices are CF’s fourth UAN-32 price increase since the first of the year.
New UAN-32 postings were up $15-$20/st from the previous list prices on Jan. 21, and included May-June offers at $225/st ($7.03/unit) FOB Jeffersonville and Mount Vernon, Ind.; $227/st ($7.09/unit) FOB Cincinnati and Kingston, Ill.; $229/st ($7.16/unit) FOB Peru, Ill.; and $235/st $7.34/unit) FOB Albany, Ill.
CF’s Jan. 27 postings at Terra Haute, Ind., included $235/st ($7.34/unit) for prompt and $240/st ($7.50/unit) FOB for April-May, with Burns Harbor, Ind., also referenced at the $240/st ($7.50/unit) FOB level for April-May tons. New UAN-32 prices FOB Michigan terminals ranged from $245-$260/st ($7.66-$8.13/unit) FOB, with the low at Schoolcraft for April-May tons and the upper end at Muskegon for April-June shipments.
Western Cornbelt:
The UAN-32 market was quoted at $210-$225/st ($6.56-$7.05/unit) FOB Western Cornbelt terminals, up another $10-$15/st from last report, depending on location and time of shipment, with the upper end reflecting the Jan. 27 posting at St. Louis for May-June tons.
Southern Plains:
UAN-32 pricing at regional production points in the Southern Plains began the week at $180-$190/st ($5.63-$5.94/unit) FOB, but sources said the market had edged up to $195-$200/st ($6.09-$6.25/unit) FOB by midweek.
South Central:
UAN-32 prices were moving up in the South Central region. Prompt tons were quoted at $195-$200/st ($6.09-$6.25/unit) FOB Memphis, up $30/st from early January. CF postings as of Jan. 27 firmed to $200/st ($6.25/unit) FOB Yazoo City, Miss., for April-May tons, while Kentucky sources said offers for May-June tons out of Ohio River terminals firmed from $213/st ($6.66/unit) up to $225/st ($7.03/unit) FOB during the week.
Southeast:
Sources tagged the low end of the UAN-32 market in the Southeast at $185-$190/st ($5.78-$5.94/unit) FOB Georgia terminals earlier in the week. As the week progressed, however, UAN-32 pricing out of port terminals reportedly firmed from $200/st ($6.25/unit) FOB up to the $220/st ($6.88/unit) FOB level, with a scant supply of incoming vessel tons.