US Gulf:
NOLA UAN remained at $270-$280/st ($8.44-$8.75/unit) FOB for the last confirmed barge business. Inland values continued to climb, however, with many locations pulling offers due to limited inventory.
Eastern Cornbelt:
The UAN-32 market remained at $310-$325/st ($9.69-$10.16/unit) FOB regional terminals, with the low confirmed at Mt. Vernon, Ind., for prompt tons. Most terminals on the Illinois and Ohio Rivers fell in the $315-$325/st ($9.84-$10.16/unit) FOB range at mid-month.
UAN-28 prompt offers were steady at $283-$287/st ($10.11-$10.25/unit) FOB in Ohio and up to $305-$310/st ($10.89-$11.07/unit) FOB Michigan terminals.
Western Cornbelt:
UAN-32 firmed to $300-$320/st ($9.38-$10.00/unit) FOB terminals in the Western Cornbelt, depending on location and time of shipment, up from last week’s $285-$315/st ($8.91-$9.84/unit) FOB range. The St. Louis market was quoted firmly at the $315-$320/st ($9.84-$10.00/unit) FOB level for limited tons at mid-month.
Southern Plains:
Recent UAN-32 offers in the Southern Plains jumped to $300-$320/st ($9.38-$10.00/unit) FOB for limited offers at regional terminals and production points, with the low reported at Woodward for April-May tons and the high at Coffeyville, Kan., for limited prompt material. The latest offers at Pryor, Okla., and Dodge City, Kan., were pegged at the $315/st ($9.84/unit) FOB level for April-June.
South Central:
UAN-32 prices in the South Central region were up in the wake of the firming urea prices, with “extremely tight” supply feeding the upward momentum.
Terminal prices moved to a firm $300-$315/st ($9.38-$9.84/unit) FOB in the South Central region, up from the prior week’s $285-$310/st ($8.91-$9.69/unit) FOB, with the low reported in Louisiana and the high in Kentucky.
Southeast:
UAN-32 prices in the Southeast firmed to $280-$300/st ($8.75-$9.38/unit) FOB regional terminals for the latest offers, up from $270-$280/st ($8.44-$8.75/unit) FOB at last report, with the low confirmed in Georgia and the high at Wilmington, N.C. UAN-32 also inched up in the Northeast, to a reported high of $305/st ($9.53/unit) FOB Fairless Hills.
France:
UAN application in France is ongoing, but growers are generally covered and any restocking needs are minimal, causing a near standstill in the spot market.
With pressure building, UAN prices slipped to €235-€245/mt FCA, down from the prior week’s €240-€250/mt range. Expectations are that prices will continue to move lower in the coming weeks until they converge with new-season prices, which have been suggested in the €210-€220/mt FCA range.