U.S. Gulf: Recent trades reportedly reflected business in the $240-$245/st ($7.50-$7.66/unit) FOB range, if not lower, according to sources, who said buyer price ideas are in the $230s/st FOB. There were reports that CF was readying another export.
UAN imports were off 6 percent in June, to 190,445 st from the year-ago 202,098 st. They were up 10 percent for the year ending in June, however, to 3.86 million st from 3.51 million st.
Eastern Cornbelt: UAN-32 was quoted at $285-$300/st ($8.91-$9.38/unit) FOB in the Eastern Cornbelt, depending on location, with UAN-28 reported in the $256.20-$262.50/st ($9.15-$9.38/unit) FOB range.
Western Cornbelt: The UAN-32 market was pegged at $285-$295/st ($8.91-$9.22/unit) FOB in the Western Cornbelt for the last sales of fill tons, with the upper end of the regional range quoted at the $300/st ($9.38/unit) FOB mark on a spot basis.
As with everything else, however, sources reported no new business. “The urea market has scared the other N markets,” said one contact. “No one wants to look at anything else right now.”
Southern Plains: Sources continued to quote the UAN-32 market at $265/st ($8.28/unit) FOB regional production points, and $300/st ($9.38/unit) FOB terminals on the coastal bend of Texas.
South Central: UAN-32 pricing in the South Central region was down from last report, with sources quoting the market at $280-$288/st ($8.75-$9.00/unit) FOB terminals, depending on location. The $280/st ($8.75/unit) level was also reportedly being floated as a spring prepay number, but, as one source put it, “nobody is asking because the market is soft.”
Southeast: The UAN-32 market was quoted at $280-$285/st ($8.75-$8.91/unit) FOB Norfolk, Va., and Wilmington, N.C. The dealer reference price FOB Savannah, Ga., remained at $295/st ($9.22/unit).
Several sources reported the UAN-32 vessel market at $275/mt CFR to the East Coast, but others were reporting as low as $266/mt CFR for recent indications.