U.S. Gulf: Most saw a slight bump up again in NOLA UAN prices last week, to $280-$290/st FOB ($8.75-$9.06/unit). During the end-of-the-year fall off in UAN prices, there were some reports that UAN delivered business may have netted back to NOLA as low as $250/st FOB. Those reports were hard to confirm, however.
Eastern Cornbelt: Illinois sources tagged the UAN-32 market in the $330-$350/st ($10.31-$10.94/unit) FOB range in early January, with some speculating that the lower numbers were for limited tons offered on a first-come, first-served basis, or rather to simply “to test the market.” Added one source, “I’m not sure how long that will be available.” Rail-delivered UAN-32 was quoted as low as $335-$345/st ($10.47-$10.78/unit) in Illinois and Indiana at midweek, but sources said those numbers may be short-lived as well.
In the Ohio market, UAN-28 was pegged in the $294-$305/st ($10.50-$10.89/unit) FOB range out of river terminals in early January.
Western Cornbelt: UAN pricing continued to slip in the Western Cornbelt region. Sources quoted the dealer market in the $10.60-$10.94/unit range FOB most regional terminals at midweek.
Northern Plains: The UAN market had reportedly slipped to $10.94-$11.07/unit FOB Minnesota terminals in early January. Delivered UAN-28 in the North Dakota market was quoted at the $350/st ($12.50/unit) level.
Great Lakes: UAN pricing in the Great Lakes region had dropped significantly from last report. Michigan contacts pegged the UAN-28 market at $305-$310/st ($10.89-$11.07/unit) FOB for prompt or prepay tons last week. In Wisconsin, the UAN-32 market was quoted in a broad range at $330-$350/st ($10.31-$10.94/unit) FOB in early January, with the upper end also quoted by one source for delivered solutions tons.
Northeast: The UAN-32 market was quoted at $350-$357/st ($10.94-$11.16/unit) Baltimore at midweek, and, according to sources, is “struggling to maintain that level” based on softer inbound vessel values. “We know there are lower numbers being reported, but that’s not the majority of the available product,” said one contact.
Out of terminals in upstate New York, the UAN-32 market was quoted at the $12.00/unit FOB mark to the dealer.
In the Southeast, however, UAN-32 pricing out of regional terminals had slipped significantly from last report. Sources tagged the market in a broad range at $305-$330/st ($9.53-$10.31/unit) FOB out of terminals in Virginia, the Carolinas, and Georgia, with the lower numbers reported late in the week.