Q2 Average UBNL58 Price by Year
This chart displays the average UBNL58 price per pound during the second quarter (April-June) for each year from 2018 to 2024, with percentage changes from the previous year.
Q2 Average UBNL58 Price ($/lb) with Year-over-Year % Change
Because of their contracting practices, retailers are most sensitive to the year over year change in average price. The 21% increase in 2024 was due to growing market demand. That demand has now softened. Any tariff uncertainty will be on top of adjustments made for softening demand.
About This Analysis
This analysis examines the average UBNL58 pricing during the second quarter (April-June) of each year from 2018 through 2024. The data reveals significant market volatility with dramatic price increases during the pandemic period (2021) followed by substantial corrections through 2023.
The 2024 data suggests a moderate recovery trend that may be impacted by current market softening. These price fluctuations have significant implications for industry stakeholders, especially retailers who must adjust their contracting and pricing strategies.
Data source: Final Tariff Model Dataset
