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On October 24, urea price trends across various regions in China. Author/Source: Yuege Agricultural Supplies Network. Date: October 24, 2019. Page views: 62. The market price of urea nationwide showed a downward trend; in Shandong, Henan, Jiangsu, and other regions, urea prices continued to decline slightly. On the demand side, downstream demand remains sluggish. In particular, plywood mills in Shandong Province are still operating without natural gas supply; operations are expected to gradually resume the day after tomorrow. Compound fertilizer plants will operate at low capacity from late this month to early next month, as all have maintenance schedules planned; thus, market trading volume is unlikely to improve. In the southern region, social inventories have increased slightly due to the gradual influx of low-priced supplies. In the Shandong region, the ex-factory prices for medium and small-sized urea granules range from 1,730 to 1,760 yuan per ton. The prevailing transaction prices are around 1,630–1,690 yuan per ton. In the Linyi market, transaction prices are approximately 1,700 yuan per ton, while in the Heze market, they hover around 1,670–1,680 yuan per ton. Some manufacturers have lowered their prices by 20 yuan per ton. In Hebei, the ex-factory price for small-sized granules is between 1,720 and 1,780 yuan per ton; the typical transaction price is around 1,700–1,720 yuan per ton, with prices remaining stable for now. In Henan, the typical ex-factory price for small-sized granules is 1,690–1,700 yuan per ton, also showing no significant changes. In Anhui, the typical ex-factory price for small-sized granules is estimated at 1,720–1,780 yuan per ton, with prices staying unchanged. In Jiangsu, the typical price range for medium and small-sized granules is 1,730–1,820 yuan per ton; some manufacturers have reduced their quotes by 30 yuan per ton. In Shanxi, the truck transport price for both large and small-sized granules is roughly 1,590–1,630 yuan per ton, with prices remaining stable. In Inner Mongolia, the typical transaction price for medium and small-sized granules is around 1,500–1,580 yuan per ton, with no notable fluctuations. In Hubei, the typical price for small-sized granules is 1,730–1,750 yuan per ton, though the overall transaction level has declined. In Shaanxi, the typical local sales price for medium and small-sized granules is 1,650 yuan per ton, while the export price stands at around 1,580 yuan per ton; some manufacturers have cut their prices by 20 yuan per ton. In Guangxi, the typical wholesale price for medium and small-sized granules is approximately 1,870–1,880 yuan per ton, with prices remaining stable. In Sichuan, the ex-factory price for medium and small-sized granules is estimated at 1,720–1,800 yuan per ton, with no major changes observed. In Guangdong, the typical wholesale price for small-sized granules is 1,860 yuan per ton, with transaction levels decreasing. In Xinjiang, the ex-factory transaction price is around 1,420–1,450 yuan per ton, with prices staying stable. In Jilin, the price for small-sized urea granules is estimated at 1,790–1,820 yuan per ton, showing no significant variation. In Heilongjiang, the typical transaction price for small-sized urea granules is 1,720 yuan per ton, with prices remaining unchanged. In Liaoning, the truck transport price for small-sized urea granules ranges from 1,710 to 1,841 yuan per ton; transaction prices are negotiable, but overall prices remain stable. The domestic urea market continues to show a downward trend. Currently, negative factors dominate the fundamental market conditions; weak domestic demand lacks any strong support. Industrial production rates along the supply chain in Shanxi, Hebei, Shandong, and other regions have once again been affected. Notably, in Shandong, numerous downstream panel factories have halted operations, leading to a rapid decline in trading volume. As a result, urea prices have dropped consecutively over just a few days. Influenced by sentiments such as “buying when prices rise and avoiding purchases when prices fall”, the market remains cautious in procurement, and manufacturers are finding it difficult to secure new orders. In the short term, the domestic urea market is expected to remain weak.