US Gulf:
With no new NOLA UAN business reported, the barge market remained at the longstanding $202-$205/st ($6.31-$6.41/unit) FOB level. Sources described the market as “really quiet, with no real interest from buyers.”
US Imports:
July UAN imports were down 46.0%, to 121,445 st from 224,880 st. Canada sent 51,462 st while Russia shipped 39,151 st, ahead of 30,832 st from Trinidad and Tobago.
US Exports:
July UAN shipments were 226,119 st, up 34.9% from 167,667 st in July 2023. Australia purchased 89,287 st of UAN from the US, Argentina took 53,881 st, and France received 33,069 st.
Eastern Cornbelt:
UAN-32 was steady at $235-$265/st ($7.34-$8.28/unit) FOB in the Eastern Cornbelt, with the low reported at Mount Vernon, Ind. Recent offers FOB Illinois River terminals were pegged at $245/st ($7.50/unit) FOB, while the Cincinnati market was unchanged at $245-$248/st ($7.50-$7.75/unit) FOB for UAN-32 and $214-$217/st ($7.64-$7.75/unit) FOB for UAN-28.
Western Cornbelt:
UAN-32 remained at $240-$260/st ($7.50-$8.13/unit) FOB regional terminals, depending on location, with the low reported at Port Neal. The St. Louis market was steady at $245-$250/st ($7.66-$7.81/unit) FOB during the week.
Northern Plains:
The UAN-28 market in the Northern Plains remained at $255-$265/st ($9.11-$9.46/unit) FOB and $275-$285/st ($9.82-$10.18/unit) DEL in early September.
Northeast:
The latest UAN-32 offers in the Northeast were quoted at $245-$255/st ($7.66-$7.97/unit) FOB Baltimore and Fairless Hills, up from $235-$245/st ($7.34-$7.66/unit) FOB at last report. Prompt UAN-32 out of terminals in upstate New York remained at the $300/st ($9.38/unit) FOB level.
The 28-0-0-5S market firmed to $250-$255/st FOB Baltimore in early September, up from $247/st FOB at last report. 27-0-0-3S pricing was pegged in the $220-$224/st range FOB Baltimore during the week, depending on supplier.
Eastern Canada:
UAN-28 in Eastern Canada was unchanged at C$406-$460/mt (C$14.50-$16.43/unit) FOB, with the UAN-32 market in Ontario steady at the C$464/mt (C$14.50/unit) FOB level.
France:
UAN demand at Rouen remains depressed, with many not expecting activity to pick up before October. Low liquidity has resulted in stable prices at the €240-€250/mt FCA level. While sellers cite robust ammonia costs, buyers are hesitant to engage, especially given the disappointing crop yields and quality.