U.S. Gulf:
The most recent NOLA UAN business was put at $285-$290/st ($8.91-$9.06/ unit) FOB, up from the week-ago $285/st FOB.
Nutrien reported that it has sold additional UAN barges this week for October shipment at $310/st NOLA base. These were concluded shortly after this week’s SWFC meeting in San Antonio and following the results of the Indian urea tender, which revealed the second-lowest volume offered this year, which the company said supports firmer nitrogen values. Nutrien said it is fully committed on UAN sales through September, and has confirmed several barges at the new price of $310/st for Q4 shipment.
Eastern Cornbelt:
The UAN fill offers from the previous week were still the major topic of conversation among regional sources. The fill program tons for Q3 shipment that CF released on July 14 included $310/st ($9.69/unit) FOB Mount Vernon, Ind., $312/st ($9.75/unit) FOB Jeffersonville, Ind., and $315/st ($9.84/unit) FOB Cincinnati, Ohio, and Kingston Mines, Ill.
Those prices were reportedly withdrawn on July 15, with CF releasing its second round of fill offers for a brief order period on July 16 at a $10-$15/st increase, to $320-$330/st ($10.00-$10.31/unit) FOB in the Eastern Cornbelt, depending on location. Sources said those offers, too, were withdrawn by the end of that day, with no new prices circulating since.
Western Cornbelt:
The previous week’s UAN fill prices were no longer on the table in the Western Cornbelt. Sources said producers quickly pulled the July 14 offers for 3Q shipment that included $300/st ($9.38/unit) FOB Verdigris, Okla.; $305/st ($9.53/unit) FOB Woodward, Okla., and Port Neal, Iowa; $310/st ($9.69/unit) FOB St. Louis, Mo.; and $310-$315/st ($9.69-$9.84/unit) FOB Fort Dodge, Iowa, and Beatrice, Neb.; and $315/st ($9.84/unit) FOB Dodge City, Kan.
CF returned to the market on July 16 with a second round of fill prices that were reportedly $10-$15/st higher than the first offers, but those prices were withdrawn as well later the same day. Sources said no pricing was being offered for prompt or fill tons in the wake of those mid-July programs.
California:
Sources saidsome UAN-32 fill tons were booked in California at mid-month at slightly lower values than the last reported prompt pricing. UAN-32 fill was reportedly offered at $355/st ($11.09/unit) FOB, down from $365/st ($11.41/unit) FOB for prompt. “There is a lot of caution on forward price risk and demand concerns,” commented one source.
The last rail-DEL UAN offers were quoted in the $370-$380/st ($11.56-$11.88/unit) range in the state.
Pacific Northwest:
Recent UAN-32 fill offers included $365-$395/st ($11.41-$12.34/unit) rail-DEL in the Pacific Northwest, down from the last prompt business at $405-$410/st rail-DEL. The local terminal market remained at $385-$390/st ($12.03-$12.19/unit) FOB for prompt tons in the region.
Western Canada:
The UAN-28 market in Western Canada was reported at C$410-$430/mt (C$14.64-$15.36/unit) DEL in mid-July, up from C$400-$420/mt (C$14.29-$15.00/unit) at last report, with the lower end of the range reported in Saskatchewan for August-September shipments.