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Urea price trends across China on November 4

2019-11-15View Original

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Urea price trends across China on November 4 Author/Source: Date: 2019-11-04 Clicks: 288 The domestic urea market is operating in a stable but weak manner. New rounds of environmental restrictions on production have been implemented in regions such as Shandong, Hebei, Anhui, and Shanxi. Downstream panel manufacturers have received notices regarding gas restrictions, which has led to a halt in new orders. Dealers are highly aware of the risks involved, resulting in a generally weak trading atmosphere. Urea manufacturers are constrained by weak demand, resulting in average sales performance; some producers still face difficulties in selling their products, while most companies adjust their strategies flexibly in response to market changes. It is expected that the domestic urea market will experience only slight fluctuations in the short term. Considering the overall market situation at present, it is expected that urea prices will continue to decline slightly in the near term. The mainstream ex-factory price of urea in Shandong region has dropped to 1,640–1,680 yuan. Fertilizer manufacturers in Linyi region are offering a purchase price of 1,660 yuan for urea. In Hebei region, the mainstream ex-factory price of urea has fallen to 1,700–1,750 yuan, while in Henan region it is 1,640–1,680 yuan. In Shanxi region, the mainstream ex-factory price of urea is 1,550 yuan, with larger particle sizes costing 1,590 yuan. In Xinjiang region, the mainstream ex-factory price of urea is 1,400–1,450 yuan. Market reports indicate that some prices for urea intended for export have already dropped below 1,300 yuan.

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