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Urea price trends across China on October 10

2020-10-10View Original

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Urea price trends across China on October 10 Author/Source: Yuege Agri-Materials Website Date: 2020-10-10 Clicks: 14 The overall market price of urea nationwide remains relatively stable. Currently, the mainstream ex-factory price in Shandong is 1,640 yuan per ton, while in Inner Mongolia it is 1,420 yuan per ton. Both suppliers and buyers are still awaiting guidance on pricing levels. Some factories that received advance payments ahead of the festival now face pressure to deliver goods; demand remains weak, and purchasing decisions are being made cautiously. In Shandong, prices remain stable at 10-30 yuan/ton; in Inner Mongolia, they drop by 10 yuan/ton; in Hebei, prices fall by 30 yuan/ton; in Shanxi, prices rise by 20 yuan/ton; in Henan, prices remain stable at 10-20 yuan/ton; in Jiangsu, prices increase by 10 yuan/ton; in Anhui, prices remain stable at 10-20 yuan/ton; in Guangdong, prices rise by 10 yuan/ton. The preparation of wheat fertilizer for the autumn season in the domestic market has largely been completed; only limited stockpiling is taking place in some areas. Industries purchase in appropriate amounts according to their needs, and some manufacturers are sending goods to ports, resulting in an increase in orders at those ports. Additionally, many companies are undergoing maintenance shutdowns, which reduces the supply available in the market and thus supports prices. However, overall market demand remains weak, and there is a strong atmosphere of caution among traders, who are cautious about making purchases. It is expected that prices will remain stable or show slight fluctuations in the near future, with some degree of consolidation in certain areas. (Yuege Agricultural Inputs Website

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