U.S. Gulf:
NOLA UAN continued to be seen as $440-$460/st ($13.75-$14.38/unit) FOB, with the market awaiting news of fill programs.
Nutrien reported that it has posted UAN at $450/st FOB NOLA on new orders effective July 8. The company noted recent strong export demand for Europe, supported by natural gas prices that reached $60/mmbtu this week.
Nutrien clarified this is not a fill program, but said it is open to taking orders for Q3 at this level with the option to close the order book at any time.
Eastern Cornbelt:
UAN-32 prices slipped to $515-$545/st ($16.09-$17.03/unit) FOB in the Eastern Cornbelt, depending on location, with the low reported at Cincinnati. UAN-28 offers at Cincinnati were pegged at the $480/st ($17.14/unit) FOB level at midweek.
Western Cornbelt:
UAN-32 remained in a broad $460-$520/st ($14.38-$16.25/unit) FOB range in the Western Cornbelt, with the low reported at Port Neal.
California:
UAN-32 pricing in California was pegged at $660-$680/st ($20.63-$21.25/unit) FOB Stockton, down $20/st from last report, but sources reported minimal sales and demand. “We haven’t been buying, mostly getting rid of old tons,” commented one source. No delivered prices were reported in the state in early July.
Pacific Northwest:
The UAN-32 market slipped to $550-$565/st ($17.19-$17.66/unit) FOB in the Pacific Northwest, with the low confirmed at Kennewick, Wash., down significantly from the last reported range of $645-$655/st ($20.16-$20.47/unit) FOB. Delivered UAN-32 was pegged as low as $520-$550/st ($16.25-$17.19/unit) in the region, with the low for railed tons on a spot basis.
Western Canada:
The UAN-28 market in Western Canada was reported at C$535-$545/mt (C$19.11-$19.46/unit) DEL for July-September tons, down from the last prompt offers at C$590-$595/mt (C$21.07-$21.25/unit) DEL in June.