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Urea price trends across China on July 1 Author/Source: Yuege Agri-Materials Network Date: 2020-07-01 Clicks: 10 Prices of urea in China are largely on a wait-and-see note, with fluctuations remaining weak in some areas. In Shandong, prices increased by 10–20 yuan per ton in some areas; in Henan, prices rose by 40 yuan per ton in certain places. In Shanxi, prices increased by 10–20 yuan per ton in some areas, while in Inner Mongolia they dropped by 10–30 yuan per ton. In Xinjiang, prices fell by 30–60 yuan per ton in some areas. On the supply side, as the use of fertilizers in the Northeast and local markets has largely come to an end, sales pressure on the factories in Inner Mongolia has increased; therefore, prices were lowered today in an effort to find more opportunities for sales outside the region. As a result, market sentiment in North China and East China has shifted from bullish to bearish. On the demand side, after a round of stockpiling by downstream industries, their purchasing flexibility is now relatively high, and their enthusiasm for purchasing has been somewhat affected. Overall, although the inventory pressure in the upstream sector has eased compared to earlier periods, the amount of goods available for shipment is limited; therefore, prices are expected to remain stable within a narrow range in the short term. Currently, it is the peak season for applying topdressing and preparing fertilizers for corn in parts of East China and North China. Agricultural demand in the market is relatively strong, and the trading atmosphere is fair. There may be slight price increases in some areas, but overall agricultural demand in the domestic market is weak, while industrial demand is average; moreover, supply remains abundant, so the overall situation remains one of supply exceeding demand. New orders are not performing well, and the market trend remains weak. It is expected that domestic urea prices will remain volatile in the near term, with slight rises and falls occurring across different areas, resulting in narrow-range fluctuations. The domestic urea market remains stable overall, with prices varying slightly in some areas. Regions such as Shandong, Hebei, Henan, and Jiangsu benefit from rainfall, resulting in a demand for top-dressing fertilizer for corn and rice; downstream buyers are active, and new orders from manufacturers have shown slight improvement. Demand in other regions is moderate, and market activity remains steady but not particularly vigorous. On the supply side, the current daily production of urea in China is around 150,000 tons; some plants that had reduced production or were under maintenance are gradually resuming operations, leading to an improvement in supply levels. In the short term, the domestic urea market is expected to continue to see fluctuating prices. In Shandong province, the ex-factory price for small and medium-sized particles is 1,600–1,660 yuan per ton; the prevailing transaction price is around 1,580–1,600 yuan per ton. In Linyi, the market price for such particles is 1,650–1,660 yuan per ton. In Heze, the purchase price for small and medium-sized particles is around 1,630 yuan per ton, with prices remaining stable for now. In Hebei province, the ex-factory price for small particles is around 1,600–1,630 yuan per ton, while the prevailing transaction price is around 1,570–1,590 yuan per ton. The ex-factory price for large particles is around 1,680 yuan per ton, with prices also remaining stable. In Henan province, the prevailing ex-factory price for small and medium-sized particles is 1,600–1,640 yuan per ton, with prices stable. In Anhui province, the prevailing ex-factory price for small particles is around 1,660–1,700 yuan per ton, with prices stable. In Jiangsu province, the prevailing price for small and medium-sized particles is around 1,660–1,700 yuan per ton, with prices stable. In Shanxi province, the export price for both small and large particles is around 1,500–1,540 yuan per ton, with prices stable. In Inner Mongolia, the prevailing export price for small and medium-sized particles is around 1,380–1,440 yuan per ton, while the price for large particles is around 1,420–1,500 yuan per ton; some companies have reduced their prices by 10 yuan per ton. In Hubei province, the prevailing ex-factory price for small particles is around 1,670–1,700 yuan per ton, with prices stable. In Shaanxi province, the prevailing local sales price for small and medium-sized particles is around 1,600–1,620 yuan per ton; some companies have increased their prices by 20 yuan per ton. In Guangxi province, the prevailing wholesale price for small and medium-sized particles is around 1,780 yuan per ton, with prices stable. In Sichuan province, the ex-factory price for small and medium-sized particles is around 1,610–1,690 yuan per ton, with prices stable. In Guangdong province, the prevailing wholesale price for small particles is around 1,770–1,800 yuan per ton, with prices stable. In Xinjiang province, the transaction price at the factory is around 1,380–1,400 yuan per ton; some companies have reduced their prices by 30 yuan per ton. In Jilin province, the transaction price for small particle urea is around 1,720–1,750 yuan per ton. Prices remain stable. The transaction price for small-grained urea in Heilongjiang is around 1670 yuan per ton; prices remain stable as well. The freight-cost-based price for small-grained urea in Liaoning ranges from 1640 to 1700 yuan per ton, with the actual transaction price subject to negotiation. Prices remain stable