Urea price trends across China on September 23
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Urea price trends across China on September 23Author/Source: Yuege Agricultural Supplies Network
Date: September 23, 2020
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The domestic urea market remained largely stable, with trading activity remaining sluggish. New domestic orders were concluded at prevailing market prices. Agricultural demand saw some improvement in certain regions, while most industrial manufacturers of boards and compound fertilizers made purchases in moderation based on their own circumstances. As the National Day holiday approached, traders showed little enthusiasm for stockpiling; instead, they adopted a cautious, wait-and-see attitude. On the supply side, there are many units that have resumed operations recently, resulting in a relatively ample market supply. On the international front, India plans to launch a new round of tenders in the near future. Meanwhile, with the National Day holiday approaching, suppliers’ willingness to stock up is somewhat weaker, and they tend to adopt a cautious approach. It is expected that the domestic urea market will see moderate fluctuations on a stable basis in the near future. In the Shandong region, the factory price for small and medium-sized particles is 1,700–1,720 yuan per ton; the prevailing transaction price ranges from 1,650–1,700 yuan per ton. In the Linyi area, the purchase price for such particles is 1,710 yuan per ton, while in the Heze area it is around 1,670 yuan per ton, with prices remaining stable for now. In the Henan region, the standard factory price for small and medium-sized particles is 1,620–1,670 yuan per ton, again with prices stable. In the Shanxi region, the export price for small particles is around 1,530–1,600 yuan per ton, while that for larger particles is around 1,620–1,640 yuan per ton, with prices stable as well. Prices at upstream factories remain steady, but transactions in some regional markets have slowed down, and a more cautious attitude prevails among buyers. The railway transport facility focuses on cargo collection, and shipments there are now nearly complete; the road transport facility can handle shipments until the end of the month. At present, there is still no definite information regarding the printing specifications; if no new specifications are issued before the National Day, upstream factories may face certain pressure in terms of order fulfillment. If a price list is issued this week, prices are likely to remain stable.