U.S. Gulf: Prices continued to move up last week, and spanned a broad range at $305-$315/st ($9.53-$9.84/unit FOB) FOB.
While some still argued that product could be had in the low $300s/st FOB for prompt, others said those barges are now gone, and that buyers are looking at $315-$320/st ($9.84-$10.00/unit) FOB for any new business.
Eastern Cornbelt: UAN pricing in the Eastern Cornbelt was quoted in a broad range in late January.
The UAN-28 market FOB Cincinnati was tagged at $320/st ($11.43/unit) for prompt pull and $325-$330/st ($11.61-$11.79/unit) for spring prepay, while prepay tons out of East Liverpool were quoted as high as $344.40/st ($12.30/unit) FOB last week. Illinois sources pegged the UAN-32 market at $370-$380/st ($11.56-$11.88/unit) FOB and $375-$385/st ($11.72-$12.03/unit) rail-DEL.
Western Cornbelt: Sources continued to report stronger UAN prices in the Western Cornbelt region. The dealer market out of most regional terminals had reportedly firmed to $368-$380.80/st ($11.50-$11.90/unit) FOB, up roughly $10/st from the previous week.
California: UAN-32 was pegged at $370-$380/st ($11.56-$11.88/unit) FOB for new business, with rail-delivered tons quoted in the $385-$405/st ($12.03-$12.66/unit) range in California.
Sources said quite a few tons were booked at the $385/st ($12.03/unit) rail-DEL level or lower in recent weeks, but newer business was reportedly being quoted at the upper end of the delivered range.
Pacific Northwest: UAN-32 pricing in the Pacific Northwest was down from last report. Sources pegged the low end of the market in the $372-$385/st ($11.63-$12.03/unit) DEL range, with the low for immediate take and the upper end for tons pulled by the end of March.
Dealer postings were at higher levels. Effective Jan. 16, IRM’s reference price for UAN-32 moved down some $20/st, to $395/st ($12.34/unit) DEL in Washington and eastern Oregon.
Western Canada: UAN-28 remained at $439-$445/mt ($15.68-$15.89/unit) DEL in Manitoba, $445-$448/mt ($15.89-$16.00/unit) DEL in Saskatchewan, and $448-$454/mt ($16.00-$16.21/unit) DEL in Alberta. Sources talked of tight UAN supplies in the region.