US Gulf:
No new business was reported for NOLA UAN during the week, leaving the price at the last reported $270-$280/st ($8.44-$8.75/unit) FOB range based on netbacks from transactions at upriver or inland terminals.
Eastern Cornbelt:
The UAN-32 price continued at $300-$325/st ($9.38-$10.16/unit) FOB regional terminals in the Eastern Cornbelt, depending on location and time of delivery, with the Cincinnati market pegged at $300-$310/st ($9.38-$9.69/unit) FOB. UAN-28 was quoted at the $263-$275/st ($9.39-$9.82/unit) level FOB Cincinnati in late March.
Western Cornbelt:
UAN-32 was pegged at $300-$325/st ($9.38-$10.16/unit) FOB terminals in the Western Cornbelt, depending on location and time of shipment. The St. Louis market was reported at both the high and low ends of the range, depending on time of shipment, with delivered pricing also confirmed at the $300/st level to St. Louis from production points in Iowa.
Northern Plains:
The UAN-32 market remained at $315-$330/st ($9.84-$10.31/unit) FOB terminals in Minnesota, with the latest UAN-28 offers quoted at the $325/st ($11.61/unit) DEL level in the Northern Plains for tons from Canada.
Northeast:
The collapse of the Francis Scott Key Bridge in the port of Baltimore reportedly resulted in suppliers withdrawing most offers for UAN at that location, as the Baltimore port handles about one-third of the East Coast UAN trade.
Limited port terminal offers for UAN-32 in the Northeast jumped to $325/st ($10.16/unit) FOB, where available, with the last offers out of inland terminals in upstate New York holding firmly at the $350/st (10.94/unit) FOB level. Rail-DEL pricing in the Mid-Atlantic was quoted in the $325-$335/st ($10.16-$10.47/unit) range during the week.
Eastern Canada:
UAN-28 pricing in Eastern Canada was quoted at C$448-$460/mt (C$16.00-$16.43/unit) FOB, down from the prior low of C$455/mt (C$16.25/unit) FOB. The UAN-32 market in Ontario slipped to C$512/mt (C$16.00/unit) FOB, below the previous C$520/mt (C$16.25/unit) level.
France:
UAN prices were unchanged this week, supported by piecemeal demand for current application. This demand is likely to continue for the next two to three weeks, at which point prices are expected to reset for the new season at around €215-€220/mt FCA.