US Gulf:
The NOLA UAN barge market remained quiet, with no new trades reported to move the range from the prior $270-$280/st ($8.44-$8.75/unit) FOB level.
US Imports:
UAN imports for July-February fell 21.0%, to 1.48 million st from the year-ago 1.86 million st. February imports moved down 15.1%, to 212,320 st from 249,987 st in February 2023. Russia sent 846,765 st for July-February, while Trinidad and Tobago shipped 291,986 st, slightly ahead of 290,739 st from Canada.
US Exports:
February UAN exports fell 22.8%, to 128,793 st from the year-ago 166,804 st. July-February exports moved down 27.4%, to 1.34 million st from 1.84 million st in the prior year. France purchased 375,889 st of UAN from the US in July-February, Australia took 299,186 st, and Argentina received 210,302 st.
Eastern Cornbelt:
The UAN-32 market remained at $310-$320/st ($9.69-$10.00/unit) FOB regional terminals, depending on location. The Cincinnati market was pegged at $310-$315/st ($9.69-$9.84/unit) FOB, down $5/st from last week, with UAN-28 quoted at 272-$277/st ($9.71-$9.89/unit) FOB Cincinnati.
Western Cornbelt:
UAN-32 remained at $310-$325/st ($9.69-$10.16/unit) terminals in the Western Cornbelt, depending on location and time of shipment.
California:
UAN-32 slipped to $340-$360/st ($10.63-$11.25/unit) FOB terminals in California, down $10/st at the low end of the range. Rail-DEL tons bumped up to $370-$380/st ($11.56-$11.88/unit) in Northern California, however.
Pacific Northwest:
UAN-32 was quoted at $345-$350/st ($10.78-$10.94/unit) FOB regional terminals, with the low reported at Kennewick, Wash. Delivered pricing was pegged at $340-$350/st ($10.63-$10.94/unit) in the Pacific Northwest.
Western Canada:
UAN-28 prices remained at a solid C$480/mt (C$17.14/unit) DEL in Western Canada, unchanged from last report.
France:
Prompt Rouen UAN prices were flat this week on muted demand and fairly stable natural gas prices. New-season offers were again reported around the €220/mt FCA mark, with the expectation that prompt prices will soon correct to match new-season pricing.