US Gulf:
No new NOLA UAN trades were reported during the week, but a $20/st or more drop in upriver terminal prices pressured the barge market down to $250-$260/st ($7.81-$8.13/unit) FOB for the latest indications, below the prior $265-$275/st ($8.28-$8.59/unit) FOB range.
Eastern Cornbelt:
CF reportedly lowered its UAN-32 postings at midweek, with the Mount Vernon, Ind., and Cincinnati markets dropping to $290/st ($9.06/unit) FOB for new offers, down from $305-$315/st ($9.53-$9.84/unit) FOB at the start of the week. Sources said other CF terminals in the region were down $20-$30/st from last week’s $310-$320/st ($9.69-$10.00/unit) FOB range.
Western Cornbelt:
UAN-32 dropped to $290-$320/st ($9.06-$10.00/unit) FOB terminals in the Western Cornbelt, down from last week’s $310-$325/st ($9.69-$10.16/unit) FOB, with the low confirmed at St. Louis and other Mississippi River terminals following a downward adjustment from CF on May 1. The upper end of the regional range was reported at Hastings, Neb.
California:
UAN-32 remained at $340-$360/st ($10.63-$11.25/unit) FOB terminals in California, with rail-DEL pricing quoted at the $370-$380/st ($11.56-$11.88/unit) level in Northern California. Sources said they expect UAN prices to drop in the near term, but no changes were confirmed during the week.
Pacific Northwest:
UAN-32 was quoted at $350-$360/st ($10.94-$11.25/unit) FOB terminals in the Pacific Northwest, with the Kennewick, Wash., market reported at the $355/st ($11.09/unit) FOB level, up $10/st from mid-April. Delivered pricing was pegged at $340-$360/st ($10.63-$11.25/unit) in the region.
Western Canada:
UAN-28 prices slipped to C$470-$480/mt (C$16.79-$17.14/unit) DEL in Western Canada, down from a solid C$480/mt DEL at last report.
France:
Prompt UAN prices were flat at €230-€240/mt FCA on low demand. Market actors are more interested in new-season prices in the €210-€220/mt FCA range, with some sales for July lifting reportedly concluded.
With July outside the scope of the prompt price assessment, however, the market remained at €230-€240/mt FCA, with the expectation that spot and new-season prices will converge in May.