US Gulf:
NOLA UAN slipped to $202-$205/st ($6.31-$6.41/unit) FOB based on the latest offers, down slightly from last week’s $207-$210/st ($6.47-$6.56/unit) FOB range. Some sources said they expect a new round of fill prices to launch either during or after the Southwestern Fertilizer Conference, with recent terminal business described as quiet following earlier fill offers.
US Imports:
July-May UAN imports softened 9.9% year-over-year, to 2.39 million st from 2.65 million st. May imports were down 2.4%, to 299,827 st from 307,086 st. Russia sent 1.30 million st for July-May. Trinidad and Tobago shipped 489,141 st, ahead of 445,600 st from Canada.
US Exports:
UAN exports softened 30.2% in July-May, to 1.53 million st from the year-ago 2.19 million st. May shipments were 109,951 st, down 10.7% from 123,091 st in May 2023. Australia purchased 384,064 st of UAN from the US in July-May, France took 375,889 st, and Argentina received 241,608 st.
Eastern Cornbelt:
UAN-32 fill offers continued at $245-$275/st ($7.66-$8.59/unit) FOB in the region, with the low reported at Mount Vernon, Ind., and the high at Terre Haute, Ind. The Cincinnati market was steady at $248-$255/st ($7.75-$7.97/unit) FOB for UAN-32 and $217-223.13/unit ($7.75-$7.97/unit) FOB for UAN-28.
Western Cornbelt:
UAN-32 fill pricing in the Western Cornbelt was unchanged at $240-$265/st ($7.50-$8.28/unit) FOB regional terminals, depending on location, with the St. Louis market reported at the $244-$250/st ($7.63-$7.81/unit) FOB level during the week.
Northern Plains:
The UAN-28 market was quoted in a broad range at $245-$265/st ($8.75-$9.46/unit) FOB and up to $315/st ($11.25/unit) DEL in the Northern Plains in mid-July.
Northeast:
UAN-32 in the Northeast was quoted at $280-$285/st ($8.75-$8.91/unit) FOB, down from the previous $285-$295/st ($8.91-$9.22/unit) FOB range, with the low confirmed at Fairless Hills and the high at Baltimore. The latest offers out of terminals in upstate New York were reported at the $325/st ($10.16/unit) FOB level, down from $340/st ($10.63/unit).
The 27-0-0-3S market remained at $258/st FOB Baltimore, while 28-0-0-5S was steady at the $292/st level FOB Baltimore.
Eastern Canada:
UAN-28 pricing in Eastern Canada remained at C$406-$460/mt (C$14.50-$16.43/unit) FOB in mid-July, while the UAN-32 market in Ontario continued at the C$464/mt (C$14.50/unit) FOB level.
France:
No further UAN sales were reported at Rouen this week, as both buyers and sellers are reportedly comfortable through the summer months. Prices were unchanged at €245-€265/mt FCA.