U.S. Gulf:
Most players quoted the NOLA barge market firmly at $500/st ($15.63/unit) FOB, up from the most recent $425-$435/st ($13.28-$13.59/unit) FOB range. Sources had anticipated an increase, previously predicting at $485-$500/st.
Nutrien announced early in the week that it had new sales of 50,000 st of UAN to several buyers for shipment from October 2021 through March 2022 at an average NOLA netback at $500/st. Nutrien said at the time it was pausing on new offers for this period to assess the state of the market.
Eastern Cornbelt:
What little UAN-32 tons that were being offered out of regional terminals were reported in the $565-$575/st ($17.66-$17.97/unit) FOB range during the week, up from $480-$500/st FOB the week before. UAN-28 pricing at Cincinnati was pegged at $445/st ($15.89/unit) for prompt tons, up $30/st from the prior week, and up to $525-$530/st ($18.75-$18.93/unit) FOB for spring prepay offers.
In the Northeast, UAN-32 at Fairless Hills was up $10/st from last week, to $505/st ($15.78/unit) FOB for October tons.
Western Cornbelt:
Limited UAN-32 pricing offers in the Western Cornbelt reportedly ranged from $510-$555/st ($15.94-$17.34/unit) FOB, depending on location and time of the week. “Very little if any rail is being offered, and thus inland terminals are in a holding pattern,” said one source.
California:
The UAN-32 market was quoted at a firm $520-$525/st ($16.25-$16.41/unit) FOB California terminals early in the week, up $75-$90/st from late September. By the end of the week, however, some suppliers had reportedly reposted to $620/st ($19.38/unit) FOB Stockton for contracts and $640/st ($20.00/unit) FOB for spot tons.
Pacific Northwest:
UAN-32 pricing was quoted at $585/st ($18.28/unit) FOB Kennewick, Wash., for confirmed business during the week, up some $180-$185/st from late September, with reports from some sources that new offers would edge up to $600/st ($18.75/unit) FOB as the week progressed. No current rail-DEL prices were reported in the region.
Western Canada:
UAN-28 pricing firmed to C$680/mt (C$24.29/unit) DEL in the region as the week progressed, up from the prior week’s high of C$640/mt (C$22.86/unit) DEL. Those levels were up significantly from the C$450-$485/mt (C$16.07-$17.32/unit) DEL range reported in late September.