US Gulf:
Prices were reported softening to $270-$295/st ($8.44-$9.22/unit) FOB, down from the week-ago $280-$295/st ($8.75-$9.22/unit) FOB.
US Imports:
With January cargoes from Russia reported at 269,380 st, UAN imports totaled 386,583 st for the first month of 2023, up 339.2% from the year-ago 88,028 st. July-January volumes were 1.63 million st, rising 25.9% from 1.29 million st in the prior year.
Russia topped the July-January import slate with 1.17 million st, above 258,585 st from Canada and 166,683 st from Trinidad and Tobago.
US Exports:
Exports for January stood at 203,324 st, up 2,124.2% from the year-ago 9,141 st. July-January exports were 1.67 million st, 420.8% above the prior-year 321,236 st.
Eastern Cornbelt:
UAN-28 remained at a low of $265-$270/st ($9.46-$9.64/unit) FOB Cincinnati for prompt tons during the week. UAN-32 prices ranged broadly at $305-$345/st ($9.53-$10.78/unit) FOB in the region, depending on location and time of shipment, with the low confirmed for prompt Cincinnati tons and the high for 2Q offers at Seneca, Ill.
Western Cornbelt:
UAN-32 was pegged at $300-$335/st ($9.38-$10.47/unit) FOB in the Western Cornbelt, with the low for prompt tons and the high confirmed for April offers on a spot basis. The latest prices at St. Louis remained in the $305-$310/st ($9.53-$9.69/unit) FOB range for prompt tons.
Southern Plains:
UAN-32 pricing at regional production points edged up to $290-$305/st ($9.06-$9.53/unit) FOB, with the low in Oklahoma and the high reported for prompt tons at Coffeyville. Some sources speculated that tight supply and allocated product at some locations could push pricing to the $300-$340/st FOB range in the near term.
UAN-32 in Texas was quoted at $320/st ($10.00/unit) FOB Houston, $330/st ($10.31/unit) FOB Corpus Christi, and $340/st ($10.63/unit) FOB Victoria, with rail-DEL offers also pegged at the $340/st ($10.63/unit) level for tons from Oklahoma.
South Central:
Prompt UAN-32 offers firmed to $320-$340/st ($10.00-$10.63/unit) FOB terminals in the South Central region, up from the prior $310-$335/st ($9.69-$10.47/unit) FOB range.
Southeast:
UAN-32 prices continued to fall in the Southeast. The market FOB port terminals were quoted at $350-$365/st ($10.94-$11.41/unit) FOB, down from $370-$400/st ($11.56-$12.50/unit) FOB in late February, with the low confirmed at Wilmington, N.C., and the high at Savannah, Ga.
Spot pricing out of inland terminals in Georgia dropped as well, falling to $380-$400/st ($11.88-$12.50/unit) FOB from the previous $450/st ($14.06/unit) FOB level.