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Urea price trends across China on the 11th and 13th / Author/Source: Yuege Agri-Materials Web / Date: 2019-11-13 / Clicks: 59. The mainstream urea market in China remains stable, with slight price increases in some areas. Agricultural demand in the downstream areas of Jiangsu Province is on the rise; dealers are stocking up in appropriate amounts. On the industrial side, sheet manufacturing enterprises in these areas are gradually resuming operations, which has led to a slight increase in demand. This rising demand has caused prices to increase slightly in some areas. Internationally, India’s new round of urea tendering will have the bidding deadline on November 14, with the submission period ending on November 21; the shipment is scheduled for December 19. Currently, there are no significant positive factors supporting the domestic market, and sentiment among downstream players remains cautious. It is expected that prior to the announcement of results from India’s tender, the domestic urea market will mainly experience slight fluctuations within a stable range. In Shandong province, the ex-factory price for small and medium-sized particles is 1,650–1,750 yuan per ton; the typical transaction price ranges from 1,630–1,660 yuan per ton. In Linyi market, the transaction price is around 1,700 yuan per ton, while in Heze market it is approximately 1,670–1,680 yuan per ton. In Hebei province, the ex-factory price for small particles is 1,660–1,700 yuan per ton, with the typical transaction price being around 1,630–1,640 yuan per ton. In Henan province, the ex-factory price for small particles is 1,640–1,700 yuan per ton, though some companies quote prices 10 yuan per ton higher. In Anhui province, the typical ex-factory price for small particles is 1,700–1,750 yuan per ton. In Jiangsu province, the typical price for small and medium-sized particles is 1,700–1,750 yuan per ton, while the actual transaction price ranges from 1,660–1,730 yuan per ton. In Shanxi province, the transportation cost for small and medium-sized particles is around 1,540–1,570 yuan per ton, while that for larger particles is around 1,580 yuan per ton. In Inner Mongolia, the typical transaction price for small and medium-sized particles is around 1,440–1,500 yuan per ton. In Hubei province, the typical price for small particles is 1,680–1,700 yuan per ton. In Shaanxi province, the local sales price for small and medium-sized particles is around 1,600 yuan per ton, while the price for shipments to other areas is around 1,540 yuan per ton. In Guangxi province, the typical wholesale price for small and medium-sized particles is around 1,770–1,800 yuan per ton. In Sichuan province, the ex-factory price for small and medium-sized particles is 1,600–1,780 yuan per ton. In Guangdong province, the typical wholesale price for small particles is 1,820–1,830 yuan per ton. In Xinjiang province, the ex-factory transaction price is around 1,380–1,450 yuan per ton. In Jilin province, the price for small urea particles is around 1,790–1,820 yuan per ton. In Heilongjiang province, the price for small urea particles from manufacturers is around 1,720 yuan per ton. In Liaoning province, the transportation cost for small urea particles is 1,650–1,750 yuan per ton, with the actual price subject to negotiation. The domestic urea market experiences fluctuations, and businesses adjust their prices according to market conditions. Local facilities are gradually resuming production or increasing output, resulting in a slight rise in spot supply. Industrial sheets are resuming production, with partial purchases made as needed. It is expected that the urea market will remain in a range-bound trend in the near term. Attention should be paid to the upcoming increase in the operating rate of compound fertilizer plants and India’s tender activities. Upstream sales pressure has increased in the North China region, where supply remains in excess; sales performance is slightly better in the southern market, as industrial customers there replenish stocks as needed. Logistics hubs with large inventory levels are focused on clearing those stocks, while new purchasing volume has increased in some areas. The operation of compound fertilizer plants in the lower reaches of the Northeast region remains stable, with an increase in demand for new rounds of raw material replenishment. Overall, due to high inventory levels at upstream factories, the round of order collection that took place from last weekend to this week did not lead to a complete reduction in pressure, so prices rose cautiously. The expected Indian benchmark price is relatively low, and traders are not overly optimistic. In the short term, the pace of follow-through in domestic demand and the extent to which gas-dependent enterprises are affected by natural gas supply constraints and rising prices remain the main factors influencing market trends.