U.S. Gulf:
NOLA UAN barge prices shot up, with sources citing new, higher postings by CF. The price range spanned a broad range at $460-$520/st ($14.28-$16.25/unit) FOB, up from the week-ago $420-$430/st ($13.13-$13.44/unit) FOB.
Eastern Cornbelt:
UAN-32 terminal prices were ramping up quickly, with reports of new offers in the Eastern Cornbelt jumping to $530-$555/st ($16.56-$17.34/unit) FOB for limited tonnage, up from the prior week’s $470-$485/st ($14.69-$15.16/unit) FOB range. Most prompt tons out of Illinois and Ohio River terminals were pegged firmly at the $535/st ($16.72/unit) FOB level or higher at midweek.
Western Cornbelt:
The UAN-32 market moved up in the Western Cornbelt. Sources quoted new offers at $510-$535/st ($15.94-$16.72/unit) FOB, with the low reported at Port Neal for a few deals early in the week. Most locations were firmly at the higher end of the range as the week progressed.
Southern Plains:
UAN-32 prices jumped dramatically in the Southern Plains. While the previous week had reportedly seen offers down to $460/st ($14.38/unit) FOB production points in Oklahoma and Kansas, new pricing this week was confirmed at $505-$525/st ($15.78-$16.41/unit) FOB, depending on location.
UAN-32 prices out of Gulf Coast terminals in Texas were pegged firmly at the $540/st ($16.88/unit) FOB level as of Aug. 30, with rail-DEL offers into eastern Texas reported at $545/st ($17.03/unit). The higher prices have reportedly halted any new buying after what several sources described as steady business sparked by the recent rains in Texas.
“Many are balking at the run-up in nitrogen pricing amidst making plans for next year,” said one Texas contact. “Very few are coming to the table for prepay right now.”
South Central:
UAN-32 terminal prices were ramping up quickly, with reports of limited offers in the $525-$535/st ($16.41-$16.72/unit) range FOB South Central terminals, up from the last confirmed $455-$470/st ($14.22-$14.69/unit) FOB range.
Southeast:
UAN-32 pricing in the Southeast jumped to $520-$525/st ($16.25-$16.41/unit) FOB port terminals for new offers, up dramatically from the last $475-$485/st ($14.84-$15.16/unit) FOB range.