CF on March 4 released limited new UAN-32 prices that show a roughly $90/st increase from the company’s early February postings. New offers for spring tons reportedly include $300/st ($9.38/unit) FOB Yazoo City, Miss.; $325/st ($10.16/unit) FOB St. Louis, Mo., and Mount Vernon, Ind.; $327/st ($10.22/unit) FOB Cincinnati, Ohio; $340/st ($10.63/unit) FOB Garner, Iowa; and $345/st ($10.78/unit) FOB Hastings, Neb. CF had earlier withdrew prices in the wake of the February production issues caused by cold weather and high natural gas prices.
Nutrien Ltd. has cut jobs in Saskatchewan, according to the Regina Leader-Post. In
the statement to the newspaper, Potash CEO Ken Seitz said the company
“identified a need to drive efficiencies in (its) finance department to remain
competitive,” and the changes will affect other operations in North America.
He put the number of cuts as under 50.
Natural gas price pressures on China’s urea producers
are easing from highs induced by the recent cold snap, while operating rates
are recovering on increased LNG supply and are at a five-year high in March at
75.7 percent, according to Green Markets
Director of Research Alexis Maxwell. She said China’s port inventory is rising
in response to higher rates, which portends more exports from the world’s
marginal producer.
CF announced higher ammonia postings on March 3. Reference prices for March-June range from $570-$650/st FOB terminals in Indiana, Illinois, Missouri, Nebraska, Iowa, and Minnesota, with the Velva, N.D,. terminal reposted at $675/st FOB.
Those prices reflect new levels since CF pulled offers in February due to weather-related plant outages, and are up significantly from previous postings in the $470-$550/st FOB range for spring tons in the Cornbelt and Northern Plains regions. CF continues to offer no new pricing at Verdigris and Woodward, Okla.
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