U.S. Gulf:
NOLA UAN barges were reported in the $600-$630/st ($18.75-$19.69/unit) FOB range, up from the week-ago $575-$630/st ($17.97-$19.69/unit) FOB.
CF has leased several vessels to ship more fertilizer, mostly liquid nitrogen, to the U.S. coastal regions, according to a Reuters report, citing CF CEO Tony Will. He noted that a fair bit of Russian imports have come particularly to the East Coast, and CF is trying to make up for the lack of availability by moving tons there.
U.S. Imports:
UAN imports fell 3.5 percent for the July-January period, to 1.29 million st from the prior-year 1.34 million st. Imports were off 49.4 percent in January, to 88,028 st from 173,992 st.
Trinidad and Tobago moved to the top of the UAN import list in July-January, sending 516,699 st compared to the year-ago 505,979, a 2.1 percent increase. Russian imports registered at 497,073 st, down 15.2 percent from 586,308 st one year earlier. Tons originating from Canada totaled 232,917 st, a 4.9 percent increase on 222,110 st.
U.S. Exports:
UAN exports from the U.S. in January were down 84.5 percent, to 9,141 st from the prior-year 58,996 st. Exports were counted at 321,236 st for July-January, off 40.5 percent from the year-ago 540,014 st.
Eastern Cornbelt:
The UAN terminal market was quoted at $625-$645/st ($19.53-$20.16/unit) FOB regional terminals in the Eastern Cornbelt at mid-month, up slightly at the high end of the range. UAN-28 pricing reportedly firmed to $560-$565/st ($20.00-$20.19/unit) FOB Cincinnati, up $10-$30/st from the previous week.
CVR confirmed a minor glitch at its East Dubuque, Ill., ammonia plant during the week that left the facility offline for one or two days. The company sent a notice to customers that UAN truck loading at East Dubuque would be offline until 5:00 a.m. on March 28 as the company builds inventory in advance of the spring season.
Western Cornbelt:
The UAN-32 market for March-June tons was quoted at $625-$635/st ($19.53-$19.84/unit) FOB regional terminals in the Western Cornbelt, with the low reported at St. Louis.
Southern Plains:
Sources described the Southern Plains UAN-32 market as “trending higher” in mid-March. Pricing out of regional production points was quoted at $620-$630/st ($19.38-$19.69/unit) FOB, with the low at Woodward, Okla., and the high at Coffeyville. Delivered tons in central Texas were reported at the $644/st ($20.13/unit) FOB level at midweek.
South Central:
The UAN-32 market had reportedly jumped to $600-$630/st ($18.75-$19.69/unit) FOB Donaldsonville for shipments now through June, up dramatically from the $555-$585/st FOB offers confirmed in February. River terminal pricing in the Kentucky market was pegged in the $625-$635/st ($19.53-$19.84/unit) FOB range at mid-month.
Southeast:
The UAN-32 market in the Southeast firmed to a solid $650/st ($20.31/unit) FOB Savannah, Wilmington, and Norfolk, Va. The inland terminal market in Georgia climbed significantly to the $610-$620/st ($19.06-$19.38/unit) FOB level, up from the mid-$500s/st FOB just three weeks earlier.