U.S. Gulf:
The last done NOLA barge trades continued to be quoted in the $270-$280/st ($8.44-$8.75/unit) FOB range. While price ideas were reported to be up on the paper market due to the recent CVD filing by CF, actual new physical business has not yet been concluded as the industry awaits news of a CF fill program, sources said.
Nutrien sold out of its fill product, which was at a $280/st FOB NOLA equivalent on July 1.
U.S. Imports:
May UAN imports totaled 304,070 st, falling 6.0 percent from 323,327 st in the prior year. July-May totals slipped 13.3 percent, to 2.40 million st from the year-ago 2.77 million st.
Russia topped July-May imports with 970,528 st, down 31.5 percent from the year-ago 1.42 million st. Trinidad and Tobago followed with 863,280 st, down 1.0 percent from the prior-year 872,052 st. Canada’s 395,239 st fell 3.5 percent from the year-ago 409,563 st.
U.S. Exports:
Exports of UAN softened 17.4 percent in July-May, to 678,026 st from the year-ago 820,657 st. May exports fell by 30.0 percent, to 69,852 st from the prior-year 99,849 st.
Eastern Cornbelt:
The UAN-32 market was unchanged at $337-$370/st ($10.53-$11.56/unit) FOB in the Eastern Cornbelt, with the low confirmed at Peru, Ill, and the high at Terre Haute, Ind. The market FOB Mount Vernon, Ind., remained at $350-$355/st ($10.94-$11.09/unit) in early July, with Cincinnati pricing reported in the $355-$360/st ($11.09-$11.25/unit) FOB range.
UAN-28 was pegged at $310-$315/st ($11.07-$11.25/unit) FOB Cincinnati in early July, unchanged from the prior week.
Western Cornbelt:
The UAN-32 market remained at $345-$355/st ($10.78-$11.09/unit) FOB in the Western Cornbelt, depending on location. Sources said the market has “a more bullish tone” since CF filed a June 30 antidumping petition against imports from Russia and Trinidad, however. While no fill program has yet been announced from CF, sources said they expect a limited offer sometime in July.
Northern Plains:
UAN-32 pricing remained at $370/st ($11.56/unit) FOB Winona, Minn., for the last reported offers. The UAN-28 market in North Dakota was reported at $360-$365/st ($12.86-$13.04/unit) FOB or DEL, down slightly from last report.
Northeast:
The UAN-32 market remained at $325/st ($10.16/unit) FOB Baltimore, Md. The last prices out of Fairless Hills were pegged at the $335/st ($10.47/unit) FOB level, but new offers were reportedly on hold in early July. UAN-32 pricing out of terminals in upstate New York had reportedly inched up to $390/st ($12.19/unit) FOB, up $15/st from mid-June.
Belarus:
An unscheduled shutdown of a nitric acid and UAN plant occurred at Grodno Azot on July 7, according to an ItarTass report, citing the company’s press service. Later that day, the Urea-3 unit also stopped, according to Belarusian pro-democracy and pro-human rights news site Charter 97. As of the morning of July 8, the Urea-3 unit was reportedly still idled.
Grodno Azot’s Ammonia-4 and Urea-4 units started a repair and maintenance shutdown in mid-June, which was expected to last 25 days (GM May 14, p. 5). The two units have suffered a number of unscheduled stoppages in recent months.