US Gulf:
New NOLA UAN indications were reported at $265-$275/st ($8.28-$8.59/unit) FOB based on the latest offers. The range is down slightly from last week’s $270-$280/st ($8.44-$8.75/unit) FOB, though no actual business was confirmed at the lower levels.
Eastern Cornbelt:
UAN-32 was steady at $305-$320/st ($9.53-$10.00/unit) FOB for prompt tons in the Eastern Cornbelt, with the low confirmed out of spot Illinois River locations. The Cincinnati and Mount Vernon, Ind., markets remained at $310-$320/st ($9.69-$10.00/unit) FOB, with UAN-28 offers quoted at $271-$276/st ($9.69-$9.86/unit) FOB Cincinnati.
Western Cornbelt:
UAN-32 was unchanged at $310-$325/st ($9.69-$10.16/unit) FOB terminals in the Western Cornbelt, depending on location and time of shipment. The St. Louis market was pegged at $315-$320/st ($9.84-$10.00/unit) FOB in late April. “Customers are working inventory down before buying, which has been the general line for the past month,” said one regional contact.
Southern Plains:
The regional UAN-32 market was steady at the $310-$320/st ($9.69-$10.00/unit) FOB level for limited prompt tons in the Southern Plains. “The UAN market has been very quiet the last couple weeks, with not much buying,” said one contact.
South Central:
UAN-32 remained at $310-$320/st ($9.69-$10.00/unit) FOB terminals in the South Central region for limited prompt tons, with the low reported at Cherokee.
Southeast:
UAN-32 prices in the Southeast were pegged at $280-$300/st ($8.75-$9.38/unit) FOB in late April, with the low confirmed in Georgia and the high at port terminals in the Carolinas and Virginia.
France:
Prompt UAN-30 prices at Rouen slipped to €230-€240/mt FCA, with participants noting very limited interest in spot volumes. New season buyer interest is said to not exceed €210/mt FCA, with buyers spooked by falling urea levels.