U.S. Gulf:
Players were already reporting that the NOLA UAN market was starting to move off the longstanding $300/st FOB barge price, and then Nutrien came out with a fill program on June 24 at $280/st ($8.75/unit) FOB NOLA equivalent for July-September shipments.
The order book closes on July 1 unless the company fills its order book earlier. Prices are then up $20/st on new orders for shipment not before Oct. 1.
“The overall nitrogen market continues to stay firm,” the company said. “This price represents a slight reset to current prices, but with inland urea values strengthening, the Indian urea tender in play (at ~$500/mt CFR), and the $50/mt increase in Tampa ammonia for July, we feel this price is very reasonable.”
Eastern Cornbelt:
The UAN-32 market remained in a broad range at $332-$370/st ($10.38-$11.56/unit) FOB in the Eastern Cornbelt, with the low confirmed at Seneca, Ill., and the high at Terre Haute, Ind. The market FOB Peru, Ill., was unchanged at the $337/st ($10.53/unit) level, with Cincinnati and Mount Vernon, Ind., pricing in the $350-$355/st ($10.94-$11.09/unit) range. The UAN-28 market remained at $310-$312/st ($11.07-$11.14/unit) FOB Cincinnati.
Western Cornbelt:
The UAN-32 market was steady at $345-$355/st ($10.78-$11.09/unit) FOB in the Western Cornbelt, with pricing at St. Louis and Port Neal pegged at the $350/st ($10.94/unit) FOB level in late June.
Southern Plains:
The UAN-32 market was steady at $340-$350/st ($10.63-$10.94/unit) FOB Kansas terminals, Oklahoma production points, and Gulf Coast terminals in Texas.
South Central:
The UAN-32 market was quoted at $340-$353/st ($10.63-$11.03/unit) FOB terminals in the South Central region, down slightly from last report, with the lower end of the range at Memphis and the high reported by Kentucky sources out of spot Ohio River locations.
Southeast:
The UAN-32 market remained at $315-$325/st ($9.84-$10.16/unit) FOB terminals in the Southeast, with the low out of inland tanks in Georgia and the high FOB Wilmington and other port terminals. In the Northeast, UAN-32 pricing at Fairless Hills moved to $335/st ($10.47/unit) FOB, down $5/st from last report.