U.S. Gulf: Urea took a back seat last week, remaining stable, and let UAN take the driver’s seat. As a result, UAN prices took off. Sources said they ran up from $330/st ($10.31/unit) FOB all the way to $360/st ($11.25/unit) FOB, if not higher.
Eastern Cornbelt: The UAN market was ramping up quickly in the Eastern Cornbelt. Sources quoted the dealer market solidly in the $11.50-$11.90/unit FOB range out of regional terminals as the week advanced. Illinois sources reported UAN-32 at $375-$380/st ($11.72-$11.88/unit) FOB at midweek, while Ohio contacts tagged the UAN-28 market at the $330/st ($11.79/unit) FOB mark out of inland points.
For tons ordered and shipped from March 27-30, CF posted UAN at $11.50/unit FOB Mt. Vernon, Ind.; $11.75/unit FOB Kingston Mines, Ill., and E. Liverpool, Ohio; $11.80/unit FOB Peru, Ill.; $11.88/unit FOB Terra Haute, Ind.; and $11.90/unit FOB Cincinnati, Ohio, and Albany, Ill.
Western Cornbelt: UAN pricing was firming quickly in the Western Cornbelt, although one source said there has not been a lot of new interest from buyers. Sources quoted the UAN-32 market in the $369.60-$380/st ($11.55-$11.88/unit) FOB range out of regional terminals, up some $30-$35/st from the previous week, with reports of dealer reference levels as high as $390/st ($12.19/unit) out of some terminals in western Iowa.
For tons ordered and shipped from March 27-30, CF posted UAN at $11.55/unit FOB St. Louis, Mo., and $11.75/unit FOB Garner, Iowa. Effective March 30, Koch’s UAN postings FOB Enid, Okla., moved to $375/st for UAN-32 ($11.72/unit) and $328.13/st for UAN-28 ($11.72/unit).
Northern Plains: UAN pricing covered a broad range in the Northern Plains region, reflecting a firming market in late March. Minnesota sources quoted UAN-28 at the $320/st ($11.43/unit) FOB level at the low end of the range, while delivered UAN-28 in the North Dakota market was pegged as high as $360/st ($12.86/unit) from Canadian shipping points.
CF reposted UAN at $12.15/unit FOB Pine Bend, Minn., for tons ordered and shipped from March 27-30.
Great Lakes: UAN pricing was moving up rapidly in the Great Lakes region. Michigan contacts pegged the UAN-28 market in the $333-$347/st ($11.89-$12.39/unit) FOB range last week, while Wisconsin sources quoted UAN-32 at the $380/st ($11.88/unit) FOB mark on the low end.
Northeast: The UAN market was quoted in the $10.50-$10.80/unit range FOB Baltimore for any available tons, with reports of some suppliers out of product at midweek. That range reflected a sizable increase from last report. Out of terminals in upstate New York, the UAN-32 market had firmed to $375/st ($11.72/unit) FOB, but sources said higher replacement costs would push dealer pricing up again in the near term.
UAN-30 pricing out of Norfolk, Va., and Wilmington, N.C., was quoted at the $310/st ($10.33/unit) FOB mark last week, also up significantly from last report.