US Gulf:
No new NOLA UAN business was reported during the week, but sources quoted the latest indications at $235-$245/st ($7.34-$7.66/unit) FOB based on netbacks from upriver terminal pricing.
Eastern Cornbelt:
The UAN-32 market remained at $270-$290/st ($8.44-$9.06/unit) FOB terminals in the Eastern Cornbelt, with the low confirmed out of spot Illinois River terminals and the high at inland locations. The Cincinnati market continued at $275/st ($8.59/unit) FOB for UAN-32 and $240.63/st ($8.59/unit) FOB for UAN-28.
Western Cornbelt:
UAN-32 pricing remained at $270-$290/st ($8.44-$9.06/unit) FOB for prompt tons in the Western Cornbelt, depending on location, with the low confirmed at St. Louis. Prompt pricing in the Southern Plains slipped to a low of $275/st ($8.59/unit) FOB in Oklahoma on a spot basis, down $10/st or more from last week.
California:
UAN-32 slipped to $330-$345/st ($10.31-$10.78/unit) FOB terminals in California, down from the prior $340-$360/st ($10.63-$11.25/unit) FOB range, with rail-DEL pricing quoted at $330-$350/st ($10.31-$10.94/unit) in the state, below the previous $370-$380/st ($11.56-$11.88/unit) DEL range.
Pacific Northwest:
UAN-32 was steady at $350-$360/st ($10.94-$11.25/unit) FOB in the Pacific Northwest, with the Kennewick, Wash., market reported at the $355/st $11.09/unit) FOB level. Delivered pricing was also pegged at $350-$360/st ($10.94-$11.25/unit) in the region in late May.
Western Canada:
UAN-28 was steady at C$470-$480/mt (C$16.79-$17.14/unit) DEL in Western Canada.
France:
Rouen UAN prices were unchanged at €210-€215/mt FCA. The new season brought some volume activity around €213/mt FCA, but few details could be confirmed. Overall, sellers seem encouraged by the uptake on new-season values and by the recent uptick in urea, and several buyers were reportedly covering shorts. Coverage for the new season is reported at 25%.