U.S. Gulf:
NOLA barges were hard to peg after the recent run-up in prices. Based on producer offers and upriver business, the market was put in the $280-$300/st ($8.75-$9.38/unit) FOB range, up from the week-ago $220-$300/st ($6.88-$9.38/unit) FOB.
The most recent East Coast vessel business was put in the $305-$330/mt CFR range, with offers now reported to be $345/mt CFR.
U.S. Imports:
Nitrogen solutions imported in July-January fell 22.3 percent from one year earlier, to 1.34 million st from 1.72 million st. Totals were down 39.2 percent in January, to 173,992 st from 286,221 st.
Russian tons stood atop the July-January import list at 586,308 st, a 34.9 percent year-over-year decline from 900,580 st. Material sourced from Trinidad and Tobago totaled 505,979 st for the period, down 25.5 percent from 679,182 st, while Canada’s 222,110 st total was down 7.8 percent from the year-ago 240,914 st.
U.S. Exports:
January exports of UAN jumped 876.5 percent, to 58,597 st from the year-ago 6,001 st. Exports for July-January totaled 523,553 st, off 14.7 percent from the year-ago 613,962 st.
Eastern Cornbelt:
UAN-32 pricing was pegged at $315-$330/st ($9.84-$10.31/unit) FOB Illinois River terminals for April-June tons, depending on location and supplier, with CF postings for spring material holding at March 4 levels of $325/st ($10.16/unit) FOB Mount Vernon, Ind., $327/st ($10.22/unit) FOB Cincinnati, Ohio, and $345/st ($10.78/unit) FOB Burns Harbor, Ind.
Western Cornbelt:
CF reportedly raised its UAN-32 posting FOB Port Neal, Iowa, by $10/st on March 11, with the market there firming to $330/st ($10.31/unit) FOB. Other postings in the region remained at March 4 levels of $325/st ($10.16/unit) FOB St. Louis, Mo.; $340/st ($10.63/unit) FOB Garner, Iowa; and $345/st ($10.78/unit) FOB Hastings, Neb.
Southern Plains:
The UAN-32 market in the Southern Plains was pegged at $320-$335/st ($10.00-$10.47/unit) FOB regional production points for very limited tons, with the low reported earlier in the week for June tons FOB Woodward, Okla.
By March 11, however, sources said prices had firmed to $330-$335/st ($10.31-$10.47/unit) FOB Coffeyville, Kan., for prompt tons, $330/st ($10.31/unit) FOB Verdigris, and $335/st ($10.47/unit) FOB Woodward.
South Central:
UAN-32 pricing was up dramatically to $300-$325/st ($9.38-$10.16/unit) FOB South Central terminals, up a full $90-$100/st from mid-February levels, with the low confirmed at Donaldsonville and Yazoo City, Miss., and the upper end reported by Kentucky sources out of Ohio River terminals. The Memphis market was pegged solidly at $310-$315/st ($9.69-$9.84/unit) FOB at midweek.
Southeast:
The UAN-32 market was pegged at $295-$305/st ($9.22-$9.53/unit) FOB port terminals in the Southeast, up $45-$50/st from late February levels, with the low end of the range reported for limited offers FOB Wilmington early in the week. By midweek, pricing out of port and inland terminals was quoted firmly in the $300-$305/st ($9.38-$9.53/unit) FOB range.
Sources said the UAN-32 market FOB Baltimore, Md., climbed to $320-$330/st ($10.00-$10.31/unit) FOB for Q2 offers, up from $295-$305/st FOB at last report. The market FOB Fairless Hills firmed as well, to $350/st ($10.94/unit) FOB for March through Q2.
Argentina:
Like East Coast U.S., vessel imports into Argentina were up this week. The market was called $320-$330/mt CFR, up from the week-ago $280-$300/mt CFR.