U.S. Gulf:
NOLA UAN barges continued to be reported in the $545-$550/st ($17.03-$17.19/unit) FOB range.
U.S. Imports:
UAN imports for July-September were up 16.3 percent, to 685,648 st from the year-ago 589,448 st. September imports firmed 49.6 percent, to 270,153 st from the prior year’s 180,584 st total.
Russia captured the top import spot in the July-September fertilizer year-to-date at 315,922 st, a 3.0 percent increase on the year-ago 306,764 st. Trinidad and Tobago followed with 249,858 st, rising 15.1 percent from the prior 217,062 st, while tons from Canada totaled 88,396 st, up 68.7 percent on the prior-year 52,387 st.
U.S. Exports:
UAN exports slipped 20.7 percent in July-September, to 263,892 st from the year-ago 332,956 st. Exports totaled 103,719 st for September, a 25.0 percent slide from the 138,246 st total recorded for September 2020.
Eastern Cornbelt:
Sources quoted limited UAN-32 pricing in the $585-$610/st ($18.28-$19.06/unit) FOB range in the Eastern Cornbelt, depending on location and time of shipment. UAN-28 was pegged at $515-$522/st ($18.39-$18.64/unit) FOB Cincinnati for Q1 tons, up from the previous week’s $508/st ($18.14/unit) level.
Michigan sources reported sold-out UAN-28 inventories at multiple locations, with indications of new pricing for Q2 shipment in the $570-$580/st ($20.36-$20.71/unit) FOB range for the next expected offers.
Western Cornbelt:
The UAN-32 market was quoted in the $585-$610/st ($18.28-$19.06/unit) FOB range in the Western Cornbelt, depending on location, with the low for prompt tons FOB Muscatine, Iowa, and the high for limited Q1 offers at Port Neal, Iowa.
Northern Plains:
Prompt UAN-32 pricing was reported at $595/st ($18.59/unit) FOB Winona, Minn., and $615/st ($19.22/unit) FOB Pine Bend, Minn, while the last UAN-28 offers remained at $540-$550/st ($19.29-$19.64/unit) FOB in North Dakota. “Everyone is waiting on spring prepay, and those numbers have not surfaced yet,” said one source.
In Western Canada, the UAN-28 market had reportedly firmed to C$760/mt DEL for spring tons, up from C$700-$720/mt DEL the previous week.
Northeast:
Sources quoted the Baltimore, Md., market at $615-$620/st ($19.22-$19.38/unit) FOB for UAN-32 and $576.50/st ($19.22/unit) FOB for UAN-30 during the week, while UAN-32 pricing out of terminals in upstate New York had reportedly firmed to $675/st ($21.09/unit) FOB, up a full $95/st since mid-October.
No current offers were reported at Fairless Hills, Pa., during the week.
Eastern Canada:
The UAN-28 market was generally steady at C$735-$775/mt (C$26.25-$27.68/unit) FOB in Eastern Canada, with UAN-32 unchanged at the C$840/mt (C$26.25/unit) FOB level in Ontario for the last reported business.