US Gulf:
A lack of product continued to limit new NOLA barge business for UAN, but tight supply and rapidly firming upriver terminal pricing pushed NOLA indications significantly higher during the week.
Sources quoted the UAN barge market at $270-$280/st ($8.44-$8.75/unit) FOB for new business, up from the prior $240-$245/st ($7.50-$7.66/unit) FOB range, with the high confirmed late in the week for a prompt trade.
Eastern Cornbelt:
UAN prices in the Eastern Cornbelt were strengthening on tight supply. Sources quoted the Cincinnati market up to $325/st ($10.16/unit) FOB for prompt shipment, with the Mount Vernon, Ind., market firmly at the $310/st ($9.69/unit) FOB level for March-April. UAN-28 prompt offers ranged from $283-$287/st ($10.11-$10.25/unit) FOB in Ohio.
Western Cornbelt:
UAN-32 was pegged in a broad range at $285-$315/st ($8.91-$9.84/unit) FOB terminals in the Western Cornbelt, with the low reported for March tons at Port Neal and the high at Beatrice, Neb. The St. Louis market was quoted firmly at the $310/st ($9.69/unit) FOB level for April-May, with no prompt tons available from that location.
Recent UAN-32 offers in the Southern Plains also included $315/st ($9.84/unit) FOB Dodge City, Kan., before offers were reportedly pulled at that location. Sources said no current prices were being offered at Verdigris or Woodward, Okla., in early March.
Great Lakes:
UAN-28 pricing firmed to $305-$310/st ($10.89-$11.07/unit) FOB Michigan terminals in early March.
Northern Plains:
The UAN-32 market strengthened to $315-$330/st ($9.84-$10.31/unit) FOB terminals in Minnesota, up from $295-$310/st ($9.22-$9.69/unit) FOB in February. UAN-28 was quoted at the $325/st ($11.61/unit) DEL level in North Dakota for tons from Canada.
Northeast:
UAN-32 offers in the Northeast reportedly jumped to $285-$295/st ($8.91-$9.22/unit) FOB Fairless Hills and Baltimore, up from the previous $265-$275/st ($8.28-$8.59/unit) FOB range, with reports that Baltimore levels were approaching the $300/st ($9.38/unit) FOB level by the end of the week.
UAN-32 out of terminals in upstate New York was up $20/st, to $350/st (10.94/unit) FOB.
The 28-0-0-5S market was pegged at $282-$290/st FOB Baltimore, up from the prior $278/st FOB level, with 27-0-0-3S reported at $256-$264/st FOB Baltimore.
Eastern Canada:
UAN-28 pricing in Eastern Canada was quoted at C$455-$460/mt (C$16.25-$16.43/unit) FOB, up from the prior low of C$446/mt (C$15.93/unit) FOB. The UAN-32 market in Ontario edged up to C$520/mt (C$16.25/unit) FOB, above the previous C$509/mt (C$15.91/unit) level.
France:
The UAN market in France remains subdued, causing the latest offers to slip to €240/mt FCA. A combination of poor weather, ample stocks, and overall diminished buyer appetite continues to depress the market. New-season offers were rumored as low as €220/mt FCA but could not be confirmed.