U.S. Gulf:
The NOLA UAN barge market continued to be generally put at the $300/st ($9.38/unit) FOB mark. East Coast vessel business continued to be called $345-$350/mt CFR.
U.S. Imports:
March UAN imports were up 79.8 percent, to 350,848 st from the year-ago 195,140 st. July-March totals stood at 1.87 million st, down 15.2 percent from the year-ago 2.20 million st.
Material originating from Russia led July-March imports at 806,451 st, a 27.4 percent year-over-year decline from 1.11 million st. Trinidad and Tobago followed with 668,582 st, down 9.3 percent from 737,418 st last year, while Canada’s 305,404 st total softened 4.7 percent from the year-ago 320,335 st.
U.S. Exports:
March exports of UAN dropped 44.4 percent, to 16,164 st from the year-ago 29,065 st. Exports of 576,926 st were reported for July-March, a 16.9 percent decline from the year-ago 694,233 st.
Eastern Cornbelt:
UAN-32 was steady 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 continued to quote 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.
Western Cornbelt:
UAN-32 was unchanged at $325-$345/st ($10.16-$10.78/unit) FOB in the Western Cornbelt, with the high out of spot Iowa terminals and the low reported at St. Louis. One Iowa contact reported the bulk of terminal pricing in the $330-$340/st ($10.31-$10.63/unit) FOB range at mid-month.
Southern Plains:
The UAN-32 market was pegged at a solid $350/st ($10.94/unit) FOB Oklahoma production points amid reports of tight inventories and supply allocations. Pricing out of Gulf Coast terminals in Texas had reportedly edged up to $330-$345/st ($10.31-$10.78/unit) FOB in mid-May.
South Central:
The UAN-32 market remained at $320-$330/st ($10.00-$10.31/unit) FOB South Central terminals, with the low reported at Memphis.
Southeast:
The UAN-32 market in the Southeast was quoted at $325/st ($10.16/unit) FOB Wilmington, with pricing out of inland tanks in Georgia pegged in the $310-$320/st ($9.69-$10.00/unit) FOB range.