U.S. Gulf:
NOLA UAN barges were reported at $400/st ($12.50/unit FOB) FOB based on CF’s fill program announced on July 19. Shipment was for July-August.
The program was released soon after the U.S. International Trade Commission’s (ITC) July 18 decision rejected antidumping and countervailing duty claims brought by CF against imports from Russia and Trinidad and Tobago.
Eastern Cornbelt:
A long-awaited UAN fill program was announced on July 19, just one day after the U.S. ITC’s unanimous vote to reject CF’s antidumping and countervailing duty petitions against UAN imports from Russia and Trinidad and Tobago.
CF’s UAN-32 fill program included $435/st ($13.59/unit) FOB Mount Vernon, Ind., and $443/st ($13.84/unit) FOB Cincinnati, Ohio, for July-August shipment. UAN-28 fill offers in Ohio were confirmed at $389-$395/st ($13.89-$14.11/unit) FOB at midweek. Industry sources said tons were limited and orders subject to confirmation.
Western Cornbelt:
UAN-32 fill program offers were launched on July 19, with pricing confirmed at $420/st ($13.13/unit) FOB Port Neal, Iowa, and $435/st ($13.59/unit) FOB St. Louis for July-August tons.
Southern Plains:
CF’s July 19 UAN-32 fill program included $415/st ($12.97/unit) FOB Woodward and Verdigris, Okla., for July-August tons, with reports of some competitors matching or offering limited tons at a $5/st discount to CF’s posting.
South Central:
UAN-32 pricing slipped to $435-$450/st ($13.59-$14.06/unit) FOB terminals in the South Central region, down significantly from the last reported prompt June business in the $550-$565/st ($17.19-$17.66/unit) FOB range. The low end of the range was confirmed by Kentucky sources for fill program offers out of Ohio River terminals at midweek.
Southeast:
UAN-32 prices were dropping in the Southeast. Sources pegged the market FOB Wilmington, N.C., and Norfolk, Va., at $550-$575/st ($17.19-$17.97), down from $600-$610/st ($18.75-$19.06/unit) FOB in late June. New prompt offers at Augusta, Ga., were confirmed for as low as $480/st ($15.00/unit) FOB in mid-July.