U.S. Gulf: UAN was following the general trend of urea, but was far less volatile – although it did rise about $30/st FOB last week.
The previous week, nitrogen solution could be purchased for as little as $280/st ($8.75/unit) FOB, but was fetching as much as $320/st ($10.00/unit) FOB at the end of last week. The rise started earlier in the week, when tons were offered at the $285/st ($8.91/unit) FOB level. UAN will continue to track urea, but should continue to be less erratic as well.
Eastern Cornbelt: UAN pricing was starting to move up in the Eastern Cornbelt. Ohio sources said tons could still be had for as low as $10.50/unit FOB on a spot basis last week, but some terminals had also increased UAN-28 pricing levels to the $310/st ($11.07/unit) FOB level for replacement tons. Illinois contacts quoted UAN-32 at $352-$355/st ($11.00-$11.09/unit) FOB terminals to the dealer.
Western Cornbelt: UAN-32 had reportedly inched up to $345-$352/st ($10.78-$11.00/unit) FOB regional terminals in the Western Cornbelt.
California: The UAN-32 market had reportedly firmed to $340-$355/st ($10.63-$11.09/unit) FOB in California, depending on location and supplier. One source also quoted rail-delivered tons at the $355/st ($11.09/unit) level last week. “Railcars are moving up and starting to support higher levels at local terminals,” said another contact.
Pacific Northwest: Sources quoted the UAN-32 market in a broad range at $350-$375/st ($10.94-$11.72/unit) DEL in the Pacific Northwest, with the upper end reflecting dealer postings. While some maintained that the bulk of dealer quotes were at the $365/st ($11.41/unit) DEL level, others confirmed offers for replacement tons as low as $350/st ($10.94/unit) DEL at mid-month.
Western Canada: UAN-28 was quoted in the $417-$432/mt ($14.89-$15.43/unit) DEL range in Western Canada last week, with the low reported in the Manitoba market and the upper end in Alberta.