US Gulf:
The NOLA UAN market remained at $255-$265/st ($7.97-$8.28/unit) FOB for the last confirmed trades, though no new business was reported during the week. “UAN is on the backburner, with the retailer focusing on ammonia, P, and K application,” said one contact.
US Imports:
July-September UAN imports firmed 26.3% year-over-year, to 569,101 st from 450,691 st. September imports were down 43.5%, however, to 95,171 st from the year-ago 168,507 st. Russia sent 315,631st for July-September, Trinidad and Tobago added 154,216 st, and Canada sent 99,254 st.
US Exports:
UAN exports moved up 4.8% in September, to 229,623 st from 219,042 st in September 2022. July-September exports softened 10.8%, however, to 598,191 st from the year-ago 670,243 st. The US sent 169,142 st to Australia in July-September, ahead of 164,666 st to Argentina. France took 157,634 st.
Eastern Cornbelt:
UAN-32 was pegged at $295-$310/st ($9.22-$9.69/unit) FOB in the Eastern Cornbelt for November-January tons, with the low confirmed at Cincinnati and Mount Vernon, Ind. The latest UAN-28 offers FOB Cincinnati were reported at $259/st ($9.25/unit) for November-December, $262-$267/st ($9.36-$9.54/unit) for 1Q, and up to $293/st ($10.46/unit) for 2Q shipments.
In the Great Lakes region, UAN-28 pricing out of Michigan terminals fell in the $278-$291/st ($9.93-$10.39/unit) FOB range, depending on location and time of shipment.
Western Cornbelt:
UAN-32 was steady at $295-$320/st ($9.22-$10.00/unit) FOB terminals in the Western Cornbelt, depending on location, with the high confirmed in Iowa and the low at St. Louis.
Northern Plains:
The latest UAN-32 offers were quoted at $315-$320/st ($9.84-$10.00/unit) FOB Winona, Minn., while UAN-28 pricing in the North Dakota market was pegged at $325-$335/st ($11.61-$11.96/unit) DEL for tons from Canada.
Northeast:
The UAN-32 market was quoted at $265/st ($8.28/unit) FOB Baltimore, Md., and Fairless Hills, Pa., for November-December tons, with 1Q pricing at Fairless Hills pegged at the $275/st ($8.59/unit) FOB level. UAN-32 out of terminals in upstate New York remained at the $340/st ($10.63/unit) FOB level in mid-November.
The latest offers for 28-0-0-5S were pegged at the $277/st level FOB Baltimore.
Eastern Canada:
UAN-28 remained in a tight range at C$460-$469/mt (C$16.43-$16.75/unit) FOB in Eastern Canada, with the UAN-32 market unchanged at the C$535/mt (C$16.72/unit) FOB level on a spot basis in Ontario.