U.S. Gulf:
NOLA UAN barges are hard to peg, but most sources put them in the $180-$185/st ($5.63-$5.78/unit) FOB range, if not higher. That range was up from the week-ago $160-$165/st ($5.00-$5.16/unit) FOB.
Eastern Cornbelt:
The UAN-32 market in the Eastern Cornbelt was pegged solidly in the $220-$240/st ($6.88-$7.50/unit) FOB range out of regional terminals for most of the week, depending on location and time of shipment, with the low confirmed at Peru, Ill., for March tons and the high at Burns Harbor and Terra Haute, Ind., for April-May tons.
Sources at midweek pegged the Cincinnati market at $225-$230/st ($7.03-$7.19/unit) FOB for UAN-32, depending on supplier and time of shipment, with UAN-28 offers there reported at $197/st ($7.04/unit) FOB for prompt and $205/st ($7.32/unit) FOB for spring.
CF announced another UAN-32 price increase late on Feb. 4, however. New postings were up $5-$15/st from Jan. 27, and included May-June tons at $235/st ($7.34/unit) FOB Mount Vernon and Jeffersonville; $237/st ($7.41.unit) FOB Cincinnati; $239/st ($7.47/unit) FOB Peru; and $250/st ($7.81/unit) FOB Albany, Ill. New postings FOB Terra Haute firmed to $245/st ($7.66/unit) for prompt and $250/st ($7.81/unit) for April-May, with Burns Harbor postings moving up to $245/st ($7.66/unit) FOB for April-May.
Western Cornbelt:
UAN-32 pricing was pegged at $225-$235/st ($7.05-$7.34/unit) FOB in the Western Cornbelt, up $10-$15/st from the previous week, depending on location and time of shipment. The market FOB St. Louis, Mo., firmed $10/st on Feb. 4, to $235/st ($7.34/unit) FOB for May-June tons, up from the $225/st ($7.05/unit) price posted on Jan 27.
California:
Sources said UAN-32 prices in California “did a quick shift,” firming to $265-$270/st ($8.28-$8.44/unit) rail-DEL and $245-$250/st ($7.66-$7.81/unit) FOB port terminals for prompt Q1 tons, up from the $195-$210/st FOB range in mid-January. Effective Jan. 26, IRM reposted UAN-32 at $245/st ($7.66/unit) FOB Stockton.
Sources reported no Q2 offers circulating in California in early February. “After some early buys, suppliers are exploring replacement costs before quoting more,” said one regional contact.
“After regular conversations with our fertilizer reps about how UAN-32 would only see a $15-20/st increase, we were surprised to see such a spike,” added another California retailer source.
Pacific Northwest:
UAN-32 pricing in the Pacific Northwest was up $30-$40/st from mid-January, to $245-$250/st ($7.66-$7.81/unit) FOB regional terminals and $265-$270/st ($8.28-$8.44/unit) rail-DEL.
Effective Jan. 21, IRM reposted UAN-32 at $245/st ($7.66/unit) FOB Pasco, Wash., and Umatilla, Ore., $250/st ($7.81/unit) FOB Central Ferry, Wash., and $270/st ($8.44/unit) DEL in eastern Oregon and Washington.
Western Canada:
The Western Canada UAN-28 market was pegged at C$355-$370/mt (C$12.68-$13.21/unit) DEL for prompt and C$360-$375/mt (C$12.86-$13.39/unit) DEL for spring tons, up C$55-$70/mt from last report.