U.S. Gulf:
Nothing new was reported in the NOLA UAN barge market, with prices continuing to be quoted generally at the $300/st ($9.38/unit) FOB mark. East Coast vessel business continued to be called $345-$350/mt CFR.
CF this week told analysts that its previous UAN fill programs have been out as early as June and as late as August. It expects it will be closer to the latter this year, with the current UAN season stretching into early June.
Eastern Cornbelt:
The UAN-32 market was unchanged at $325-$345/st ($10.16-$10.78/unit) FOB in the Eastern Cornbelt, with the low at Mount Vernon and Seneca, Ill., and the high at Burns Harbor, Ind. Sources quoted the Cincinnati market at $332/st ($10.38/unit) for UAN-32 and $285-$290/st ($10.18-$10.36/unit) FOB for UAN-28.
“UAN remains firm,” said one industry source. “Supply seems to be tightening and buyers are starting to tie down June-July supply.”
Western Cornbelt:
UAN-32 was unchanged at $325-$345/st ($10.16-$10.78/unit) FOB in the region, with the high out of Iowa terminals and the low again reported at St. Louis. “The big UAN pull in the Cornbelt should begin next week,” commented one source.
Northern Plains:
UAN-32 pricing remained at $357/st ($11.16/unit) FOB Winona, Minn., in early May. The UAN-28 market in North Dakota was pegged at $320/st ($11.43/unit) FOB terminals and up to $360/st ($12.86/unit) DEL for tons from Canada.
Northeast:
The UAN-32 market was pegged at $325-$340/st ($10.16-$10.63/unit) FOB in the Northeast, down $5-$15/st from last report, with the high confirmed at Baltimore, Md., and the low at Fairless Hills for May-June offers. Pricing out of terminals in upstate New York remained at the $360/st ($11.25/unit) FOB level in early May.
Eastern Canada:
The UAN-28 market had reportedly firmed to C$393-$425/mt (C$14.04-$15.18/unit) FOB in Eastern Canada, up C$15/mt at the upper end of the range. UAN-32 pricing was pegged at C$449-$451/mt (C$14.03-$14.09/unit) FOB on a spot basis in the Ontario market.