US Gulf:
The NOLA UAN market slipped to $220-$225/st ($6.88-$7.03/unit) FOB based on upriver netbacks, down from $225-$235/st ($7.03-$7.34/unit) FOB last week. While no actual NOLA barge transactions were confirmed during the week, upriver terminal prices remained under downward pressure.
Eastern Cornbelt:
The UAN-32 market slipped to $255-$270/st ($7.97-$8.44/unit) FOB in the Eastern Cornbelt, with the low reported at Mount Vernon, Ind. The latest Cincinnati offers included UAN-32 at $265/st ($8.28/unit) FOB and UAN-28 at $231.88/st ($8.28/unit) FOB.
Western Cornbelt:
UAN-32 dropped to $260-$275/st ($8.13-$8.59/unit) FOB in the Western Cornbelt, down from $270-$290/st ($8.44-$9.06/unit) FOB, with the low confirmed at St. Louis and the high in Iowa.
California:
UAN-32 fell to $315-$325/st ($9.84-$10.16/unit) FOB terminals in California, down from the prior $330-$345/st ($10.31-$10.78/unit) FOB range, with the lower numbers reported at Stockton and the high at Port Hueneme. No current rail-DEL offers were reported in the state.
Pacific Northwest:
UAN-32 pricing was quoted at a solid $320/st ($10.00/unit) FOB in the Pacific Northwest, down from $350-$360/st ($10.94-$11.25/unit) FOB at last report. Delivered pricing slipped to the $310-$320/st ($9.69-$10.00/unit) range in the region, well below the prior $350-$360/st ($10.94-$11.25/unit) level.
Western Canada:
UAN-28 fill pricing in the region fell to C$400/mt (C$14.29/unit) DEL for June-August, down from the last spring business at C$470-$480/mt (C$16.79-$17.14/unit) DEL.
France:
UAN prices at Rouen were stable this week at €245-€265/mt FCA, with limited volumes changing hands. The period of stability follows a rally in the urea market. Coverage for the 2024/25 season is said to have advanced to around 45%.