U.S. Gulf:
The physical NOLA barge market remained flat at $300/st ($9.38/unit) FOB, although some suggested that NOLA prices may now be under pressure.
U.S. Imports:
April UAN imports totaled 229,393 st, falling 6.3 percent from the prior-year 244,769 st. July-April volumes were 2.10 million st, 14.3 percent below the year-ago 2.44 million st.
Russia led July-April imports at 843,812 st, a 31.2 percent decline from the year-ago 1.23 million st. Trinidad and Tobago followed with 792,817 st, down 1.9 percent from the prior-year 807,983 st, while Canada’s 345,784 st was off 5.0 percent from the year-ago 363,794 st.
U.S. Exports:
April UAN exports slipped 0.8 percent, to 17,520 st from the prior-year 17,663 st. Imports for the July-April period fell 15.6 percent, to 608,174 st from 720,807 st.
Eastern Cornbelt:
The UAN-32 market was quoted in a broad range at $337-$370/st ($10.53-$11.56/unit) FOB in the Eastern Cornbelt, with the low confirmed at Peru, Ill, and the high at Terre Haute, Ind. The market FOB Cincinnati and Mount Vernon, Ind., remained in the $350-$355/st ($10.94-$11.09/unit) range, with UAN-28 pricing at $310-$312/st ($11.07-$11.14/unit) FOB Cincinnati.
Western Cornbelt:
The UAN-32 market was unchanged at $345-$355/st ($10.78-$11.09/unit) FOB in the Western Cornbelt, with pricing at St. Louis and Port Neal pegged firmly at the $350/st ($10.94/unit) FOB level in mid-June.
Northern Plains:
UAN-32 pricing had reportedly firmed to $370/st ($11.56/unit) FOB Winona, Minn., in mid-June, up $17/st from last report. The UAN-28 market in central North Dakota was up as well, to $375/st ($13.39/unit) FOB from the earlier $355/st ($12.68/unit) FOB level.
Great Lakes:
The UAN-28 market was quoted in a wide range at $305-$350/st ($10.89-$12.50/unit) FOB in the Great Lakes region, with the low confirmed at Courtright and the high at Muskegon, Mich. Other Michigan terminals were reported at $330/st ($11.79/unit) FOB Bay City, $340/st $12.14/unit) FOB Coldwater, Elk Rapids, and Burns Harbor, and $345/st ($12.32/unit) FOB Schoolcraft.
Northeast:
The UAN-32 market remained at $325-$340/st ($10.16-$10.63/unit) FOB Baltimore, Md., and Fairless Hills for June-July tons. Pricing out of terminals in upstate New York was steady at $375/st ($11.72/unit) FOB in mid-June.
Eastern Canada:
The low end of the UAN market in Eastern Canada was pegged at C$451/mt (C$14.09/unit) FOB for UAN-32 and C$395/mt (C$14.11/unit) FOB for UAN-28, with the high reported at C$445/mt (C$15.89/unit) FOB for UAN-28 on a spot basis, up C$20/mt from last report. As with urea, sources reported limited supply until later this summer.
France:
Sources said UAN prices have moved up sharply in France amid supply shortages due to the absence of tons from Belarus’ Grodno Azot because of sanction restrictions. Russian product was reportedly sold at €305/mt FCA Rouen this week.