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Urea price trends across China on May 26

2020-05-26View Original

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Urea price trends across China on May 26 Author/Source: Yuege Agri-Products Network Date: 2020-05-26 Clicks: 2 The current urea market in China is generally stable, with slight fluctuations in some areas. Due to the impact of various meetings, enterprise production rates have been slightly reduced, resulting in a decline in market supply compared to before. Agricultural demand is weak, with only occasional requests for urea, which provides limited support for the overall urea market. There is also little improvement expected in the industrial sector in the short term. It is likely that urea prices will remain stable or experience only minor fluctuations from the end of this month until early June. In Shandong, prices increased by 10 yuan per ton in some areas; in Hebei, prices rose by 10 yuan per ton in certain places. In Heilongjiang, prices increased by 20 yuan per ton in some areas. In Anhui, prices dropped by 10 yuan per ton in some locations. In Henan, prices fell by 10 yuan per ton in certain areas. In Shanxi, prices decreased by 10 yuan per ton in some places. In Ningxia, prices rose by 20 yuan per ton in some areas. In Sichuan, prices dropped by 10 yuan per ton in some areas. In the main production area of Shandong, the price of small-grained urea is 1,610–1,670 yuan per ton. In the Lianghe region, Henan, the price of small-grained urea is around 1,600–1,650 yuan per ton, while in Hebei Province the factory price for small-grained urea is 1,620–1,650 yuan per ton; the actual transaction price is around 1,600 yuan per ton. The price of large-grained urea is around 1,680 yuan per ton. In Anhui, the price of small particles is around 1680-1720; in Jiangsu, it is also around 1670-1720. In Shanxi, prices remain stable for now. In Heilongjiang, Jilin, and Liaoning, prices are generally stable, with a rise of 20 yuan per ton in Heilongjiang. Fertilization and preparation of fertilizers are being carried out in the Northeast region, and agricultural activities in this area have begun, though they remain relatively scattered. The MERCOSUR market has an ample supply, with some factory prices slightly lower than market prices. Industrial demand from sheet metal factories and compound fertilizer plants is expected to improve next month. There are occasional shipments of fertilizers for preparation, but no significant purchasing demand. In light of this, Yuege Agricultural Supplies Network predicts that prices will remain within a narrow range in the short term.

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