U.S. Gulf:
NOLA UAN barges continued at $545-$550/st ($17.03-$17.19/unit) FOB. Late in the week, CF issued a UAN tender in which buyers could submit their price ideas (See Eastern Cornbelt).
Eastern Cornbelt:
UAN-28 pricing was quoted at $508-$512/st ($18.14-$18.29/unit) FOB Cincinnati for prompt tons and $537-$538/st ($19.18-$19.21/unit) FOB for spring prepay. The UAN-32 market remained at $580-$600/st ($18.13-$18.75/unit) FOB for prompt and $605-$615/st ($18.91-$19.22/unit) FOB for prepay in the Eastern Cornbelt, depending on location.
Michigan sources pegged UAN-28 prepay offers at $575/st ($20.54/unit) FOB Toledo and $583/st ($20.82/unit) FOB Webberville, Mich.
CF on Feb. 17 announced a UAN tender, with bids required by 4 p.m. Chicago time on Feb. 22. CF said bids must indicate price, volume, mode (barge, rail, vessel, pipeline, truck), delivery terms (FOB CF terminal or delivered), and preferred shipping window. All bids will remain valid until Feb. 24, and customers will be notified of acceptances on that date.
The company said volumes accepted or rejected will be determined at its sole discretion, and CF reserves the right to counter volumes due to capacity limitations. CF further stated that if it receives an offer at an acceptable price but the specified volume is in excess of available capacity, it then reserves the right to accept a portion of the offer and reject other offers at the same price.
Western Cornbelt:
The UAN-32 market was unchanged at $590/st ($18.44/unit) FOB St. Louis for February-March tons and $605/st ($18.91/unit) for April-June, with the upper end of the regional market pegged at $600-$620/st ($18.75-$19.38/unit) FOB in Iowa and Nebraska, depending on location and time of shipment.
Northern Plains:
UAN-32 pricing was reported at $625-$635/st ($19.53-$19.84/unit) FOB Minnesota terminals, depending on location and time of delivery, with the low reported at Pine Bend and the high at Winona for 2Q tons. The UAN-28 market in North Dakota was pegged at $565-$570/st ($20.19-$20.36/unit) FOB, with the low for prompt tons and the high for spring prepay.
Northeast:
The UAN-32 market remained at $620-$630/st ($19.38-$19.69/unit) FOB Baltimore, with UAN-30 pricing pegged at $590/st ($19.67/unit) FOB Baltimore at midweek. UAN-32 pricing FOB terminals in upstate New York was steady at $672/st ($21.00/unit) in mid-February.
Eastern Canada:
The UAN-28 market was unchanged at C$775-$783/mt (C$27.68-$27.96/unit) in Eastern Canada in mid-February. UAN-32 pricing remained at C$895/mt (C$27.93/unit) FOB on a spot basis in Ontario.