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Urea price trends across China on October 29 Author/Source: Yuege Agri-Materials Web Date: 2019-10-29 Clicks: 32 The domestic urea market remains stable overall, with only slight price fluctuations in some areas; urea manufacturers continue to focus on fulfilling orders that were placed prior to this date. At present, environmental inspections in regions such as Shandong have been completed, and downstream panel manufacturers have resumed production; as a result, prices at the lower end of the market have seen some improvement. However, overall demand remains limited, and some manufacturers still face difficulties in selling their products. Most companies adjust their operations in line with market changes. It is expected that the domestic urea market will experience only slight fluctuations in the short term. Hualu Hengsheng’s medium-sized particles are priced at 1680 (a decrease of 40), while large-sized particles cost 1750 (a decrease of 20). Hebei Dongguang’s small-sized particles are priced at 1700 (no change), Henan Xinlianxin’s products are priced at 1690 (shift in production focus), Shanxi Fengxi’s products are priced at 1580 (a decrease of 10), Jiangsu Hengsheng’s products are priced at 1710 (a decrease of 20), Anhui Haoyuan’s products range from 1720 to 1750 (a decrease of 20). Inner Mongolia Boda’s products are priced at 1510 (no change), Shaanxi Shanhua’s products are priced at 1580 to 1650 (no change), and Xinjiang Yankuang’s products are priced at 1400 (no change). In Shandong, the ex-factory price for small and medium-sized particles is 1,700–1,760 yuan per ton, with the typical transaction price ranging from 1,650–1,670 yuan per ton. In the Linyi market, the transaction price is around 1,700 yuan per ton, while in the Jiaozuo market it’s around 1,670 yuan per ton. Prices remain stable for now, but there is an increase in prices for lower-quality products. In Hebei, the ex-factory price for small particles is 1,710–1,750 yuan per ton, with the typical transaction price around 1,680–1,700 yuan per ton. Prices remain stable here as well. In Henan, the ex-factory price for small particles is 1,650–1,700 yuan per ton, with prices remaining stable. In Anhui, the typical ex-factory price for small particles is around 1,720–1,780 yuan per ton, with prices stable. In Jiangsu, the typical price for small and medium-sized particles is around 1,730–1,820 yuan per ton, with prices stable. In Shanxi, the transportation cost for particles of various sizes is around 1,580–1,630 yuan per ton, with prices stable. In Inner Mongolia, the typical transaction price for small and medium-sized particles is around 1,500–1,580 yuan per ton, with prices stable. In Hubei, the typical price for small particles is 1,730–1,750 yuan per ton, with prices stable. In Shaanxi, the local sales price for small and medium-sized particles is around 1,650 yuan per ton, while the price for shipments to other areas is around 1,580 yuan per ton, with prices stable. In Guangxi, the typical wholesale price for small and medium-sized particles is around 1,850 yuan per ton, with a decrease of 10–20 yuan per ton. In Sichuan, the ex-factory price for small and medium-sized particles is around 1,720–1,800 yuan per ton, with prices stable. In Guangdong, the typical wholesale price for small particles is 1,820–1,830 yuan per ton, with a decrease of 10–20 yuan per ton. In Xinjiang, the transaction price at the factory is around 1,380–1,450 yuan per ton, with prices stable. In Jilin, the price for small urea particles is around 1,790–1,820 yuan per ton, with prices stable. In Heilongjiang, the transaction price for small urea particles produced by manufacturers is around 1,720 yuan per ton, with prices stable. In Liaoning, the transportation cost for small urea particles is around 1,690–1,790 yuan per ton, with prices negotiable; some companies offer prices 20 yuan per ton lower. In some areas of Shandong, prices have decreased by 10–40 yuan per ton, while in other areas they have increased by 20 yuan per ton. In Henan, Shanxi, and Anhui, prices have decreased by 20 yuan per ton in some areas. Currently, there is a lull in the domestic agricultural sector; agricultural demand is limited to occasional purchases of fertilizer for rice cultivation. Fertilizer manufacturers produce and use their products as needed, while rubber plate factories are operating at reduced capacity. Industrial demand remains moderate, and overall demand is weak. Negative factors related to the domestic urea market dominate, so it is expected that urea prices will continue to stay low in the near future. However, since urea prices are already close to the cost level, companies are inclined to hold their prices and wait to see what happens. There is little room for further price drops, and the market is likely to enter a phase of stable fluctuations. In the coming period, attention should be paid to the impact of environmental regulations and natural gas supply restrictions on the operations of urea-related industries.