U.S. Gulf:
NOLA UAN barges continued to be reported at $620-$630/st ($19.38-$19.69/unit) FOB.
U.S. Imports:
July-March UAN imports were off 21.7% year-over-year, to 1.46 million st from 1.87 million st. March imports stood at 97,094 st, falling 72.3% from the year-ago 350,848 st.
Trinidad and Tobago continued to lead July-March imports with 542,614 st, despite logging no new cargoes into the US in March. Russia followed with 497,169 st, while Canada added 334,300 st.
U.S. Exports:
UAN exports were up 121.7% in March, to 35,842 st from the year-ago 16,164 st. July-March exports softened 38.3%, however, to 364,208 st from the year-ago 590,654 st.
Eastern Cornbelt:
The UAN-32 market was pegged at $660-$675/st ($20.63-$21.09/unit) FOB in the Eastern Cornbelt, depending on location, with the low at Mount Vernon, Ind., and the high at Seneca, Ill. Other terminal offers for the week included $660-$665/st ($20.63-$20.78/unit) FOB Peru, Ill., $665/st ($20.78/unit) FOB Cincinnati, and $670/st ($20.94/unit) FOB Terre Haute, Ind.
The last reported UAN-28 offers at Cincinnati included $590-$595/st ($21.07-$21.25/unit) FOB.
Western Cornbelt:
Sources said UAN was just beginning to move in some locations. The low end of the Western Cornbelt market reportedly fell to $630/st ($19.69/unit) FOB Port Neal, down $20/st from last report, with the St. Louis market unchanged at $650/st ($20.31/unit) FOB. The high end of the regional range was pegged at $665/st ($20.78/unit) FOB, down $10/st from last report.
Northern Plains:
New UAN-32 offers were pegged at $680/st ($21.25/unit) FOB Winona, Minn., and $690/st ($21.56/unit) FOB Pine Bend, Minn., down $5/st from last report. The UAN-28 market in North Dakota remained at $595-600/st ($21.25-$21.43/unit) FOB in early May.
Great Lakes:
The UAN-28 market was pegged at $608-$615/st ($21.71-$21.96/unit) FOB in the Great Lakes region, up slightly from the previous $599-$610/st ($21.39-$21.79/unit) FOB range, with the low reported at Toledo, Ohio, and the high confirmed at Webberville, Mich. Sources talked of some supply concern as spring demand accelerates.
Northeast:
The UAN market FOB Baltimore, Md., was pegged at $690/st ($21.56/unit) for UAN-32 and $642-$649/st ($21.40-$21.63/unit) for UAN-30. The latest UAN-32 offers at Fairless Hills, Pa., were reported at the $700/st ($21.88/unit) FOB level for May-June tons.
UAN-32 pricing out of terminals in upstate New York remained at the $750/st ($23.44/unit) FOB level for new sales in mid-May.
Eastern Canada:
The UAN-28 market dipped to C$925-$935/mt (C$33.04-$33.39/unit) FOB in Eastern Canada, down some C$25/mt at the high end of the range. UAN-32 pricing was confirmed at C$1,068/mt (C$33.38/unit) FOB in Ontario, down C$17/mt from last report.
France:
Prices for UAN are reported to have fallen further as the new season sales campaign gets underway. Spot price levels for UAN-30 were quoted at €670-€685/mt FCA Rouen.