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Urea price trends across China on August 13 Author/Source: Yuege Agri-Materials Network Date: 2020-08-13 Clicks: 2 The domestic urea market has continued to show a trend of stability with slight increases. The results of India’s RCF tender have not yet been announced, and there are rumors that the prices in this tender are significantly higher than expected, which provides confidence to manufacturers. The factory hopes to maintain prices at the export level, but the domestic market still has a low tolerance for such high prices. The printed price has still not been announced today; rumors are circulating everywhere, and market sentiment is quite fearful, with both the futures and spot markets adopting a wait-and-see attitude. Export traders remain the most active in the market, but aside from shipping orders that were placed earlier, their willingness to accept new orders at current quotes has also declined significantly. In the domestic market, as the price gap between different nitrogen contents is increasing, compound fertilizer manufacturers that produce balanced fertilizers in autumn try to use ammonium chloride and ammonium sulfate as substitutes for urea. Currently, the market trading atmosphere is moderate; domestic demand remains weak. High prices for industrial sheets and compound fertilizers are only marginally acceptable, and suppliers respond to demand as it arises. Driven by printing requirements, some companies are gradually bringing their goods to the ports, resulting in a relatively sufficient amount of pre-orders from manufacturers, so there is no sales pressure in the short term. At the same time, some production facilities have entered maintenance periods, leading to a reduction in available stock, and it is difficult to find goods at low prices in the market. It is expected that the domestic urea market will maintain a stable trend with slight local increases in the near future. In the Shandong region, the ex-factory price for small and medium-sized particles is 1,750–1,820 yuan per ton; the prevailing transaction price is around 1,720–1,740 yuan per ton. In the Linyi area, the market price for such particles is 1,740–1,750 yuan per ton, while in the Heze area it is around 1,720–1,730 yuan per ton. Some companies have raised their prices by 10 yuan per ton. Shandong Jinmei Mingshui Chemical Group Co., Ltd. has completed the maintenance of its urea production equipment; the price of small-sized urea is now 1,800 yuan per ton, representing a slight increase of 20 yuan per ton. The actual transaction price is determined through negotiation. The urea production equipment at Yangmei Pingyuan Chemical Co., Ltd. is operating normally. Small-particle urea costs 1,820 yuan per ton; the price has seen a slight increase of 40 yuan per ton, with the actual transaction price being determined through negotiation. Shandong Ruixing Chemical Co., Ltd. has an annual urea production capacity of 1.6 million tons, and at present its daily production is around 5,000 tons. The spot price for small-particle urea is 1,750 yuan per ton; the quote has seen a slight increase of 20 yuan per ton. The actual transaction price will be determined through negotiation. In Hebei region, the ex-factory price of small particles is around 1,800–1,850 yuan per ton; the prevailing transaction price is around 1,780–1,800 yuan per ton. Some companies have raised their prices by 10 yuan per ton. In Henan region, the ex-factory price of small and medium-sized particles is around 1,730–1,750 yuan per ton, with some companies lowering their prices by 10 yuan per ton. In Anhui region, the ex-factory price of small particles is around 1,760–1,800 yuan per ton, with prices remaining stable for now. In Jiangsu region, the prevailing price for small and medium-sized particles is around 1,710–1,810 yuan per ton, with some companies reducing their prices by 20 yuan per ton. In Shanxi region, the price for small particles for external delivery is around 1,630–1,670 yuan per ton, while the price for large particles is around 1,680–1,700 yuan per ton; prices remain stable. In Inner Mongolia region, the ex-factory price of small and medium-sized particles is around 1,620–1,650 yuan per ton, with some companies raising their prices by 20 yuan per ton. In Hubei region, the ex-factory price of small particles is around 1,750 yuan per ton, with prices remaining stable. In Shaanxi region, the local selling price of small and medium-sized particles is around 1,670–1,700 yuan per ton, with prices remaining stable. In Guangxi region, the prevailing wholesale price for small and medium-sized particles is around 1,850–1,860 yuan per ton, with prices remaining stable. In Sichuan region, the ex-factory price of small and medium-sized particles is around 1,640–1,690 yuan per ton, with prices remaining stable. In Guangdong region, the prevailing wholesale price for small particles is around 1,900–1,920 yuan per ton, with prices remaining stable. In Xinjiang region, the transaction price is around 1,250–1,370 yuan per ton, with prices remaining stable. In Jilin region, the transaction price of small particle urea is around 1,550 yuan per ton, with prices remaining stable. In Heilongjiang region, the transaction price of small particle urea is around 1,590 yuan per ton, with prices remaining stable. In Liaoning region, the price for transporting small particle urea by truck is around 1,610–1,670 yuan per ton, with prices negotiable; overall, prices remain stable