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Urea price trends across China on October 21 Author/Source: Yuege Agri Supplies Network Date: 2020-10-21 Clicks: 26 The urea market across the country remains stable, with prices rising slightly in some areas. On the supply side, some factories continued to raise their ex-plant prices slightly, but as the printing and labeling arrangements have not yet been finalized, caution among buyers has increased, leading to a slowdown in orders received by these factories compared to previous days. On the demand side, agricultural demand across the country has essentially come to an end at present. Compound fertilizer factories produce and use products as needed, primarily to consume existing inventory. The demand from plywood factories remains stable; overall, domestic demand is relatively weak. Furthermore, due to the large volume of fertilizers in transit, Guangzhou Railway Bureau has imposed a 10-day loading restriction, which has not yet had a significant impact on the market; however, the situation will need to be monitored going forward. It is expected that the market will remain cautious in the short term, waiting to see the final outcome regarding the listing. In Shandong, the ex-factory price for small and medium-sized particles is 1,660–1,750 yuan per ton, with the typical transaction price ranging from 1,670–1,690 yuan per ton. In Linyi, the market price for such particles is 1,720–1,730 yuan per ton, while in Heze the price is around 1,700 yuan per ton; some companies have increased their prices by 10 yuan per ton. In Hebei, the ex-factory price for small particles is around 1,690–1,740 yuan per ton, with the typical transaction price being around 1,670–1,700 yuan per ton. Since the weekend, some companies have raised their prices by 10–20 yuan per ton. In Henan, the typical ex-factory price for small and medium-sized particles is 1,610–1,650 yuan per ton, with some companies increasing their prices by 10 yuan per ton. In Shanxi, the price for small particles sent to other regions is around 1,560–1,590 yuan per ton, while the price for large particles is around 1,630–1,650 yuan per ton. Since the weekend, some companies have lowered their prices by 10 yuan per ton. The urea market across the country remains stable, with only slight price increases in certain areas. On the supply side, some factories continued to raise their ex-plant prices slightly, but as the printing and labeling arrangements have not yet been finalized, caution among buyers has increased, leading to a slowdown in orders received by these factories compared to previous days. On the demand side, agricultural demand across the country has essentially come to an end at present. Compound fertilizer factories produce and use products as needed, primarily to consume existing inventory. The demand from plywood factories remains stable; overall, domestic demand is relatively weak. Furthermore, due to the large volume of fertilizers in transit, Guangzhou Railway Bureau has imposed a 10-day loading restriction, which has not yet had a significant impact on the market; however, the situation will need to be monitored going forward. It is expected that the market will remain cautious in the short term, waiting to see the final outcome regarding the listing. (