US NOLA: UAN holds values despite urea decline

摘要

UAN-32 indications at New Orleans have not lost ground in recent days, despite a sinking market for granular urea in recent weeks. Typically pricing for UAN and urea do not move in opposite directions for an extended period, and for now UAN mostly is holding steady. Inland distributors suggested the current UAN-32 spot indications of $230- 235/st FOB New Orleans are in line with expectations for inland fill offers (with freight adjustments) from producers.