U.S. Gulf: Despite the uptick in the urea market, UAN remained in the doldrums, still called $255-$265/st FOB ($7.97-$8.28/unit FOB).
The general assessment was that UAN inland inventories were pretty full and that many had filled up at fairly high numbers. So, as a result, UAN wasn’t in a big hurry to follow urea. It will, though, sources said, once movement actually begins and tanks start to be depleted.
Eastern Cornbelt: The UAN-32 market continued to be quoted in the $330-$345/st range ($10.31-$10.78/unit) FOB regional terminals to the dealer.
Western Cornbelt: Although dealer reference levels remained as high as $360/st ($11.25/unit) FOB out of some regional shipping points, sources last week pegged the common dealer price for UAN-32 in the $330-$340/st ($10.31-$10.63/unit) range FOB most terminals in the Western Cornbelt, with the low reported in the Nebraska market.
An Iowa contact pegged the dealer market in his trade area at the $339.20/st ($10.60/unit) FOB level at midweek.
Southern Plains: UAN-32 in the Southern Plains was quoted at $325-$340/st ($10.16-$10.63/unit) FOB regional terminals last week, with most production points reported at the $330/st ($10.31/unit) FOB mark, give or take.
South Central: UAN-32 pricing remained in a broad range at $310-$335/st ($9.69-$10.47/unit) FOB South Central terminals, depending on location, with the low end reported out of the Memphis market for prompt or prepay tons.
Southeast: UAN prices continued to slip in the Southeast, fueled by a vessel market that was rumored to be in the low-to-mid $270s/mt CFR and the reported influx of railed tons from domestic producers with swollen inland inventories. Sources pegged the UAN-32 market at $293-$310/st ($9.16-$9.69/unit) FOB regional terminals, with UAN-30 quoted at the $275/st ($9.17/unit) mark FOB Norfolk, Va., and Wilmington, N.C.