US Gulf:
The NOLA UAN market was unchanged at $202-$205/st ($6.31-$6.41/unit) FOB NOLA for the last business, though no actual trades were confirmed during the week. The upper end of the range reportedly reflects the latest reference pricing from domestic producers.
US Imports:
July-June UAN imports softened 8.2% year-over-year, to 2.61 million st from 2.85 million st. June imports were up 14.5%, however, to 226,580 st from 197,844 st. Russia sent 1.40 million st for July-June. Trinidad and Tobago shipped 565,162 st, ahead of 495,055 st from Canada.
US Exports:
UAN exports fell 26.3% for the fertilizer year, to 1.74 million st from the year-ago 2.36 million st. June shipments were 217,424 st, however, up 21.9% from 178,313 st from the prior year. France purchased 428,800 st of UAN from the US in July-June, Australia took 384,064 st, and Argentina received 241,608 st.
Eastern Cornbelt:
UAN-32 remained at $240-$265/st ($7.50-$8.28/unit) FOB regional terminals in the Eastern Cornbelt, with the low reported at Mount Vernon, Ind. The latest offers FOB Cincinnati included UAN-32 at $245-$248/st ($7.50-$7.75/unit) and UAN-28 at the $217/st ($7.75/unit) FOB level.
Western Cornbelt:
The UAN-32 market in Western Canada remained at $240-$260/st ($7.50-$8.13/unit) FOB, depending on location, with the low confirmed at Port Neal, Iowa. The St. Louis market was quoted at the $244/st ($7.63/unit) FOB level at midweek.
California:
UAN-32 prices in California were quoted at $300/st ($9.38/unit) FOB Stockton and $305/st ($9.53/unit) FOB Port Hueneme in mid-August. No current rail-DEL UAN offers were confirmed in the state during the week.
Pacific Northwest:
UAN-32 firmed to $315/st ($9.84/unit) FOB Kennewick, Wash., up from $290-$300/st ($9.06-$9.38/unit) FOB in July. No current delivered prices were reported in the region in mid-August.
Western Canada:
UAN-28 in Western Canada was steady at C$395-$405/mt (C$14.11-$14.46/unit) DEL in mid-August.
France:
In the absence of new business, the latest UAN indications at Rouen were down €10/mt, to €245-€255/mt FCA. Producers may be reluctant to further slash offers, however, given the bullish European natural gas market.