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Urea price trends across China on July 9 Author/Source: Business Society Date: 2020-07-09 Clicks: 31 The domestic urea market remained relatively stable, with only slight fluctuations in some areas. In regions such as North China and East China, there is still some demand from the agricultural sector, which helps to keep prices relatively stable. In the industrial sector, production volumes in the compound fertilizer and panel manufacturing industries remain low, so it is advisable to make purchases in moderation when prices are low. On the supply side, production cuts and maintenance activities carried out earlier have gradually resumed, leading to a slight increase in available inventory. Overall, demand is weak in most areas of the country; urea manufacturers are seeing modest sales of new orders, and they are mainly fulfilling orders that were placed in advance. There are no positive factors on the fundamental side, so it is expected that the domestic urea market will remain weak in the short term. In the Shandong region, the ex-factory price for small and medium-sized particles is 1,580–1,660 yuan per ton; the prevailing transaction price is around 1,570–1,600 yuan per ton. In the Linyi area, the market price for small and medium-sized particles is 1,650 yuan per ton, while in the Heze area it ranges from 1,620–1,630 yuan per ton. Some companies have increased their prices by 10 yuan per ton. In the Hebei region, the ex-factory price for small particles is around 1,590–1,610 yuan per ton, with the prevailing transaction price at around 1,560–1,580 yuan per ton. The ex-factory price for large particles is around 1,680 yuan per ton, with prices remaining stable for now. In the Henan region, the prevailing ex-factory price for small and medium-sized particles is 1,600–1,640 yuan per ton, with prices stable as well. In the Anhui region, the prevailing ex-factory price for small particles is around 1,670–1,720 yuan per ton, with prices stable. In the Jiangsu region, the prevailing price for small and medium-sized particles is around 1,690–1,710 yuan per ton, with prices stable. In the Shanxi region, the export price for both small and large particles is around 1,490–1,520 yuan per ton, with prices stable. In the Inner Mongolia region, the prevailing export price for small and medium-sized particles is around 1,370–1,440 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 the Hubei region, the prevailing ex-factory price for small particles is around 1,660–1,680 yuan per ton, with prices stable. In the Shaanxi region, the prevailing local sales price for small and medium-sized particles is 1,600 yuan per ton, with prices stable. In the Guangxi region, the prevailing wholesale price for small and medium-sized particles is around 1,700 yuan per ton, with prices stable. In the Sichuan region, the ex-factory price for small and medium-sized particles is around 1,580–1,690 yuan per ton, with prices stable. In the Guangdong region, the prevailing wholesale price for small particles is around 1,750–1,770 yuan per ton, with prices reduced by 20 yuan per ton. In the Xinjiang region, the ex-factory and transaction prices are around 1,250–1,350 yuan per ton, with prices stable. In the Jilin region, the transaction price for small particle urea is around 1,720–1,750 yuan per ton. Prices remain stable. The transaction price for small-granule urea in Heilongjiang is around 1,620 yuan per ton; prices remain stable as well. The freight cost for small-granule urea in Liaoning is between 1,640 and 1,700 yuan per ton, with the actual transaction price subject to negotiation. Prices remain stable. There is an increasing demand for corn top-dressing in North China and East China, which provides support for the market. Agricultural demand in the riverside markets is gradually declining, while industrial demand remains decent. At the factories in the Shanxi region, prices dropped again to their previous lows this morning, before improving later in the day and returning to yesterday’s levels. Overall, the market is likely to remain in a weak trend. The domestic urea market has remained largely stable, with some areas experiencing price increases while others saw declines. In some areas of Shandong, there is still demand in the agricultural sector, and sales are proceeding smoothly. Some urea manufacturers have raised their prices by 10 yuan, while those in Sichuan and Chongqing have lowered their prices by 50 yuan. In other regions, the situation remains stable as manufacturers wait and observe. The overall market atmosphere in China is not favorable, with most manufacturers choosing to hold their prices and wait. The short-term domestic urea market lacks significant positive factors to support it, and is expected to show a trend of steady fluctuations. (Compiled by Yuege Agricultural Inputs Network; sources: Urea Network, Zhongshang Network’s fertilizer market analysis, Feiyitong’s fertilizer price updates, Kuotu Fertilizer Network, and Nongzi Zhiyou)