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Urea price trends across China on April 29 Author/Source: Yuege Agri-Materials Network Date: 2020-04-29 Clicks: 13 The urea market in China remains stable, with slight price increases in some areas. Following the explicit price cuts and hidden price reductions implemented by most manufacturers in the previous days, most orders that are pending shipment will be processed within 7 to 15 days. There is no longer any pressure to get through the May Day holiday smoothly. As orders start to accumulate, the market trend has gradually shifted from downward to stable, with even slight rebounds and price increases. Although overall urea prices have seen a slight increase recently, the transaction prices for new orders in the market remain low, with most transactions taking place at low prices; it is likely that this increase in urea prices will not result in many transactions at higher prices. For now, businesses have made appropriate purchases, and downstream factories also have sufficient raw material reserves; many of them purchase materials as needed. As a result, as manufacturers continue to raise prices, the signing of new orders will gradually slow down. However, thanks to existing pending orders, low overall inventory levels, and the expected demand in May, the market trend is likely to remain strong in the short term. The mainstream ex-factory price in Shandong is 2,070–2,080 yuan; in Hebei, it is 1,980–2,020 yuan. In Henan, the mainstream ex-factory price for urea is 2,000–2,030 yuan, while in Shanxi it is 1,950–1,970 yuan. The ex-factory price for large-grained urea is 1,950–1,960 yuan. In Anhui, the mainstream ex-factory price for urea is 2,060–2,100 yuan, and in Jiangsu it is 2,090 yuan.