U.S. Gulf:
NOLA UAN barge prices continued to move up, with new trades reported at $210-$215/st ($6.56-$6.72/unit) FOB, up from the prior week’s flat $210/st ($6.56/unit) FOB level.
East Coast UAN vessels continued to be called $230-$240/mt CFR.
U.S. Imports:
August UAN imports were up 99 percent, to 246,452 st from the year-ago 123,695 st. July-August imports were up 48 percent, to 423,019 st from 286,522 st.
U.S. Exports:
August UAN exports were up 31 percent, to 201,432 st from the year-ago 154,150 st. July-August exports increased 32 percent, to 377,456 st from 285,592 st.
Eastern Cornbelt:
The UAN-28 market was quoted at $220-$230/st ($7.86-$8.21/unit) FOB in Ohio and Indiana for the last confirmed business, but sources reported “not a lot available” since CF’s late-September tender offer. UAN-32 was pegged at $240-$250/st ($7.50-$7.81/unit) FOB in Illinois, with one contact reporting $245/st ($7.66/unit) FOB as the market out of Illinois River terminals.
Western Cornbelt:
The UAN-32 market remained in a broad range at $230-$255/st ($7.19-$7.97/unit) FOB in the Western Cornbelt, depending on location, with the lower end of the range reported in the St. Louis market. Sources reported “no new offers” since the CF tender in late September, however.
Southern Plains:
While some Southern Plains sources claimed UAN-32 tons could still be booked for as low as $220/st ($6.88/unit) FOB out of regional production points on a spot basis, others said producers had moved up to a firm $235-$240/st ($7.34-$7.50/unit) FOB in the Oklahoma market, with reports of terminal pricing in Kansas and on the Texas Gulf Coast as high as $250/st ($7.81/unit) FOB for new business.
South Central:
UAN-32 pricing was reported at $225-$235/st ($7.03-$7.34/unit) FOB in the South Central region, with the low at Memphis, Tenn., and the upper end reporting in the Kentucky market out of spot river locations.
“All fertilizer inputs are trending up,” said one regional contact. “We have seen the biggest moves in UAN and potash.”
Southeast:
UAN-32 pricing was up considerably from last report, although new offers remained limited. Pricing out of inland Georgia terminals was reported at the $215-$220/st ($6.72-$6.88/unit) FOB level, while the upper end of the regional market was pegged at a firm $230/st ($7.19/unit) FOB Wilmington and Norfolk, Va.