Urea price trends across China on August 19

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Urea price trends across China on August 19 Author/Source: Date: 2019-08-19 Clicks: 4 The domestic urea market remains stable with slight local rebounds; manufacturers are seeing modest improvements in order intake. Companies in certain regions have received new export orders, which helps reduce their pressures. Some manufacturers have orders that can be shipped by early next week, as they wait to see how the market responds to their pricing. On the supply side, some companies plan maintenance work in mid-August, leading to a decline in available stock. On the demand side, there are no significant positive signs in terms of downstream demand at present. The agricultural sector is in its off-season, and agricultural distributors are cautious about stocking fertilizers. In the industrial sector, the operating rates of plywood factories remain low, and compound fertilizer manufacturers purchase goods only as needed; overall, industrial demand is limited. It is expected that the domestic urea market will remain stable with only slight fluctuations in the short term. The prevailing ex-plant prices for small-grain urea in the Shandong region have seen a slight increase: Yangmei Pingyuan offers 1,850 yuan per ton, with prices remaining stable for now but showing signs of decline; Ruixing Chemical quotes 1,780 yuan per ton, also with stable prices; Mingshui Chemical offers 1,920 yuan per ton, indicating a slight increase of 10 yuan per ton. Overall, the ex-plant prices of urea in Shandong region remain stable today, with actual transaction prices determined through negotiation. The enthusiasm for purchasing at the downstream end is moderate, and urea prices are expected to remain stable at low levels in the coming period. The mainstream ex-factory price of urea in Shandong is 1,750–1,800 yuan. In Linyi, compound fertilizer manufacturers pay 1,810–1,830 yuan for urea. In Hebei, the mainstream ex-factory price of urea is 1,780–1,830 yuan, while in Henan it is 1,770–1,780 yuan. In Shanxi, the mainstream ex-factory price of urea is 1,700 yuan, with large-grained urea costing the same amount. In Anhui, the mainstream ex-factory price of urea is 1,840–1,860 yuan, while in Jiangsu it is 1,880 yuan. In Hubei, the mainstream ex-factory price of urea is 1,850 yuan. In Liaoning, it ranges from 1,760–1,830 yuan, while in Heilongjiang it is 1,730 yuan. In Shaanxi, the mainstream ex-factory price of urea is 1,776–1,806 yuan. In Sichuan, it is 1,800–1,910 yuan. In Xinjiang, the mainstream ex-factory price of urea is 1,400–1,600 yuan.