U.S. Gulf:
New NOLA barge trades were put in the $270-$280/st ($8.44-$8.75/unit) FOB range, with the higher end reflecting Nutrien’s fill program that ended July 1.
Nutrien on July 1 said it filled its order book on schedule and has moved prices up $30/st for product available Oct. 1. The company also reported that it has sold an export of 10,000 mt out of Geismar at a NOLA equivalent of $295/st FOB.
On the East Coast, recent vessel trades were reported to be in the $305-$320/mt CFR range. Importers were reportedly eyeing $320-$330/mt CFR for the next round of business, however.
Eastern Cornbelt:
The UAN-32 market remained 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 Mount Vernon, Ind., was reported at $350-$355/st ($10.94-$11.09/unit) in late June, with Cincinnati pricing reportedly up $5/st to $355-$360/st ($11.09-$11.25/unit) FOB.
The UAN-28 market was pegged at $310-$315/st ($11.07-$11.25/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, Iowa, pegged at the $350/st ($10.94/unit) FOB level in late June.
California:
The UAN-32 market in California was pegged at $355-$365/st ($11.09-$11.41/unit) FOB Stockton and other port terminals for June/July tons. Sources continued to report limited rail-DEL offers at the $370-$380/st ($11.56-$11.88/unit) level, but movement was described as slow in late June.
“Fertilizer volumes have held steady, with some drop in liquid volume due to the drought,” said one contact. Added another: “With demand easing off, we have been carefully working through existing inventory and only buying to our immediate needs. We experienced a stronger June than expected, and are mulling through potentials for the fall season.”
Pacific Northwest:
The UAN-32 market was steady at $385-$390/st ($12.03-$12.19/unit) FOB in the Pacific Northwest, with rail-DEL offers reported in the $405-$412/st ($12.66-$12.88/unit) range. There were reports, however, of several suppliers pulling offers at midweek after the announcement of CF’s antidumping petition against UAN imports from Russia and Trinidad and Tobago.
Western Canada:
UAN-28 fill offers were reportedly circulating at C$400-$420/mt (C$14.29-$15.00/unit) DEL in Western Canada, down from the last reported prompt business at C$420-$430/mt (C$15.00-$15.36/unit) DEL.