U.S. Gulf:
A $435/st ($13.59/unit) FOB fourth-quarter barge sale loading from Geismar, La., quickly pulled in additional orders, with sellers confirming more than 30,000 st sold at that price through the morning of Sept. 30.
CF was reported following up with an updated $425/st ($13.28/unit) FOB posting for NOLA-loading barges later on Sept. 30, bringing the market to a $425-$435/st ($13.28-$13.59/unit) FOB range for the week.
The updated values leapfrogged earlier $400/st FOB expectations, while moving up substantially from the market’s previously reported $340/st ($10.63/unit) FOB price.
Eastern Cornbelt:
New UAN-32 prices remained scarce in the Eastern Cornbelt in late September, but sources quoted a few offers slowly resurfacing at the $450-$475/st ($14.06-$14.84/unit) FOB level in the region, up significantly from the last business reported before Hurricane Ida in the $355-$375/st ($11.09-$11.72/unit) FOB range.
“Versus urea, this still looks like a bargain, but who knows what and when CF will make the next move,” commented one source at midweek.
Western Cornbelt:
New UAN-32 offers in the Western Cornbelt were reportedly on the table in the $450-$475/st ($14.06-$14.84/unit) FOB range during the week, up dramatically from limited offers in the $375-$395/st ($11.72-$12.34/unit) FOB range in late August.
In Oklahoma, CF was reportedly out with new truck prices at $455/st ($14.22/unit) FOB Verdigris and $465/st ($14.53/unit) FOB Woodward.
Northern Plains:
Limited UAN-32 offers were reported in the $450-$475/st ($14.06-$14.84/unit) FOB range in Minnesota, up significantly from last report, while delivered UAN-28 pricing had reportedly jumped to $430-$440/st ($15.36-$15.72/unit) into central North Dakota.
Northeast:
The UAN-32 market was reported at $450/st ($14.06/unit) FOB Fairless Hills, Pa., early in the week, up $50/st from the previous week. The last indications at Baltimore, Md., were also at the $450/st FOB level, but some suppliers withdrew from the market until there is more clarity on supply.
New UAN-32 pricing out of terminals in upstate New York had reportedly firmed to $520/st ($16.25/unit) FOB, up a full $104/st since early September.
Eastern Canada:
Sources reported few new price quotes circulating for UAN in Eastern Canada. The limited offers that were confirmed showed a C$460/mt (C$16.43/unit) FOB offer for UAN-28 in Ontario, up C$20/mt from last report.
California:
While the last UAN-32 business at Stockton, Calif., was reported at $430-$450/st ($13.44-$14.06/unit) FOB, sources said some suppliers had pushed reference pricing to as high as $520/st ($16.25/unit) FOB at that location in late September.