US Gulf:
The NOLA UAN market tightened to $190-$195/st ($5.94-$6.09/unit) FOB in the wake of fill programs announced during the week, with most touting the upper end of the range for new business.
US Imports:
July-May UAN imports firmed 63.4% year-over-year, to 2.65 million st from 1.62 million st. May imports were up 294.7%, registering at 307,086 st compared to the year-ago 77,809 st. Russia sent 1.88 million st in July-May, while Canada added 399,498 st and Trinidad and Tobago sent 324,154 st.
US Exports:
UAN exports rose 324.3% in July-May, to 2.19 million st from the year-ago 515,109 st. May shipments were 123,091 st, up 56.9% from 78,441 st recorded in the previous May. The US sent 763,200 st to France in July-May, followed by 350,760 st to Australia and 295,592 st to Belgium
Eastern Cornbelt:
CF Industries released a UAN-32 fill program on July 11, with July-August pricing reported at $200/st ($6.25/unit) FOB Yazoo City, Miss., $225/st ($7.03/unit) FOB Mount Vernon, Ind., and $230/st ($7.19/unit) FOB Cincinnati and Peru, Ill.
Rail-DEL fill pricing was pegged in the $245-$255/st ($7.66-$7.97/unit) range in the Eastern Cornbelt. The fill offers were reportedly pulled at noon on July 14.
The latest UAN-28 fill offers at Cincinnati included $201.25-$205/st ($7.19-$7.32/unit) FOB, down from the last prompt business at $225-$232/st ($8.04-$8.29/unit) FOB.
Western Cornbelt:
CF’s UAN-32 fill program on July 11 included July-August pricing at $220/st ($6.88/unit) FOB Port Neal, Iowa, and $225/st ($7.03/unit) FOB St. Louis, Mo. Rail-DEL fill pricing ranged from $240-$245/st ($7.50-$7.66/unit) in the Western Cornbelt.
Fill offers for UAN-32 in the Southern Plains included $205/st ($6.41/unit) FOB Verdigris, Okla., and $205-$210/st ($6.41-$6.56/unit) FOB Pryor, Okla. Woodward, Oka., fill pricing was reported at $210/st ($6.56/unit) FOB for September-October.
Northeast:
UAN-32 prices dropped to $275-$300/st ($8.59-$9.38/unit) FOB Baltimore, Md., depending on supplier. The market out of terminals in upstate New York was pegged at the $350/st ($10.94/unit) FOB level, down $10/st from last report.
The latest Baltimore price for 28-0-0-5S and 27-0-0-3S dropped to $296/st FOB and $260/st FOB, respectively.
Eastern Canada:
The UAN-28 market fell to C$365-$442/mt (C$13.04-$15.79/unit) FOB in Eastern Canada, down from last month’s C$480-$680/mt (C$17.14-$24.29/unit) FOB, following the launch of limited fill programs during the week. The latest UAN-32 price was pegged at the C$505/mt (C$15.78/unit) FOB level on a spot basis in Ontario, down C$40/mt from last report.