U.S. Gulf: UAN barge prices continued to move down last week and were called $240-$250/st FOB ($7.50-$7.81/unit) for recent trades. Others predicted that business could be done as low as $230/st FOB in the near term and said the market is poised for large drop this summer. Much of the negative sentiment is coming from new import price ideas. Recent East Coast vessel numbers were put in the $250-$255/mt CFR range, with buyers now eyeing the $240s/mt CFR.
Eastern Cornbelt: UAN-28 was quoted in a broad range at $265-$285/st ($9.46-$10.18/unit) FOB in the Eastern Cornbelt, depending on location, with the low reported in the Cincinnati market and the upper end FOB Toledo, Ohio.
Indiana sources pegged the market at the $275/st ($9.82/unit) level FOB Burns Harbor, while Illinois contacts quoted the UAN-32 market at $305-$320/st ($9.53-$10.00/unit) FOB and $315-$325/st ($9.84-$10.16/unit) rail-DEL.
Western Cornbelt: UAN-32 was unchanged at $305-$315st ($9.53-$9.84/unit) FOB in the Western Cornbelt.
Northern Plains: The UAN-28 market slipped to $285-$295/st ($10.18-$10.54/unit) FOB in the Northern Plains, down $5-$10/st from last report. Delivered tons in North Dakota remained in the $315-$317/st ($11.25-$11.32/unit) range.
Great Lakes: Michigan sources quoted the UAN-28 market at $280-$290/st ($10.00-$10.36/unit) FOB, with the low at Courtright and the upper end FOB Muskegon, Mich. Other terminal prices in the state included $285/st ($10.18/unit) FOB Wayland, Bay City, and Wawaki, and $287/st ($10.25/unit) FOB Webberville.
The UAN-32 market was commonly pegged at the $305/st ($9.53/unit) FOB level in the Wisconsin market last week, representing the low end of the regional range.
Northeast: Sources continued to report pressure on UAN pricing in the Northeast. The UAN-32 market was quoted at $260-$267/st ($8.13-$8.34/unit) FOB Baltimore, Md., down roughly $15/st from last report, with UAN-30 pegged at the $250/st ($8.33/unit) FOB level at that location.
Out of terminals in upstate New York, the UAN-32 market had reportedly slipped to $320/st ($10.00/unit) FOB, down $8/st from last report.