U.S. Gulf:
Industry players put the NOLA UAN market in the $295-$310/st ($9.22-$9.69/unit) FOB range, up from the previous $285-$290/st ($8.91-$9.06 unit) FOB. Nutrien is posted at a firm $310/st for fourth-quarter product.
With the CF antidumping and CVD case advancing, it was increasingly difficult to find sources willing to talk about the East Coast vessel market, which was last reported at $305-$320/mt CFR.
Eastern Cornbelt:
Sources quoted the UAN-32 market at $325-$345/st ($10.16-$10.78/unit) FOB in the Eastern Cornbelt for limited post-fill pricing, although sources said there were few new offers circulating since the mid-July fill programs. There were also reports of some “point to point” rail-DEL offers in late July at levels slightly higher than the fill program tons, but actual prices were not confirmed.
Western Cornbelt:
Very few UAN offers were circulating in the Western Cornbelt since the mid-July fill offers were pulled, but sources reported a limited number of new offers in the $325-$345/st ($10.16-$10.78/unit) FOB range for prompt tons in late July.
Northern Plains:
UAN-32 pricing remained at $370/st ($11.56/unit) FOB Winona, Minn., with the UAN-28 market in North Dakota pegged at $320/st ($11.43/unit) FOB for recent spot business.
Northeast:
The UAN-32 market remained at $325/st ($10.16/unit) FOB Baltimore, Md., in late July, while offers remained on hold out of Fairless Hills. “The market is in flux,” said one regional contact, who noted uncertainties about replacement values amid the anti-dumping case pending against UAN imports from Russia and Trinidad.
UAN-32 pricing out of terminals in upstate New York had reportedly inched up to $400/st ($12.50/unit) FOB, up $10/st from last report.
Eastern Canada:
The UAN-28 market remained at C$390-$445/st (C$13.93-$15.89/unit) FOB in Eastern Canada, depending on location and supplier, with the UAN-32 market pegged at the C$445/mt (C$13.91/unit) FOB level on a spot basis.