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Urea price trends across China on March 10 / Author/Source: Yuege Agri-Materials Network / Date: 2021-03-10 / Clicks: 2 The domestic urea market remains weak, with sluggish prices recently. Due to a tendency to buy when prices rise and avoid buying when they fall, there is a strong atmosphere of caution among end-users, resulting in limited willingness to make purchases. New orders from urea manufacturers are also low in volume. However, as industrial demand increases in various regions and there are expectations of price adjustments, there are signs that the downward trend in key areas is slowing down. On the supply side, some of the inventory held for off-peak periods has been gradually released, production volumes at urea manufacturers have increased significantly, resulting in a relatively ample supply. On the demand side, agriculture relies on consumption as it occurs; the operating load of industrial compound fertilizer manufacturers is fairly good, with small orders being placed continuously when prices are low. It is expected that the domestic urea market will remain weak in the short term; going forward, attention will be focused on downstream demand trends and international bidding developments. In Shandong province, the ex-factory price of small and medium-sized particles is between 2,020 and 2,070 yuan per ton; the prevailing transaction price is around 2,000 to 2,030 yuan per ton. In Linyi, the market price for such particles is approximately 2,040 yuan per ton. In Heze, the purchase price for small and medium-sized particles is around 2,020 yuan per ton, with some companies offering prices 10 yuan per ton higher. In Hebei province, the ex-factory price of small particles is around 2,030 to 2,050 yuan per ton, while the prevailing transaction price remains stable at around 2,020 to 2,030 yuan per ton. In Henan province, the ex-factory price of small and medium-sized particles is between 1,990 and 2,080 yuan per ton, with some companies offering prices 10 yuan per ton lower. In Anhui province, the ex-factory price of small particles is around 2,140 to 2,180 yuan per ton, with prices remaining stable for now. In Jiangsu province, the prevailing price for small and medium-sized particles is around 1,980 to 2,170 yuan per ton, with some companies offering prices 20 yuan per ton lower. In Shanxi province, the price of small particles is around 1,910 to 1,920 yuan per ton, while the price of larger particles is around 1,920 to 1,930 yuan per ton; some companies are offering prices 20 to 40 yuan per ton lower. In Inner Mongolia, prices for small and medium-sized particles are determined on a case-by-case basis, with wholesale prices around 1,950 to 2,050 yuan per ton, and prices remain stable. In Hubei province, the ex-factory price of small particles is around 2,150 yuan per ton, with prices remaining stable. In Shaanxi province, the local sales price for small and medium-sized particles is around 2,020 to 2,030 yuan per ton, with prices remaining stable. In Guangxi province, the prevailing wholesale price for small and medium-sized particles is around 2,230 yuan per ton, with prices remaining stable. In Sichuan province, the ex-factory price of such particles is around 2,100 to 2,120 yuan per ton, with prices remaining stable. In Guangdong province, the prevailing wholesale price for small and medium-sized particles is around 2,200 to 2,230 yuan per ton, with prices remaining stable. In Xinjiang province, the transaction price is around 1,650 to 1,730 yuan per ton, with prices remaining stable. In Jilin province, the ex-factory price is around 2,200 yuan per ton, with prices remaining stable. In Heilongjiang province, the price of small particles transported by road or train is around 2,200 yuan per ton, with prices remaining stable. In Liaoning province, the price of small particles transported by road is around 2,200 to 2,260 yuan per ton, with prices remaining stable. The prices offered by factories in key production areas such as Shandong, Hebei, and Anhui remain stable. The sale of low-priced inventory from Henan for strategic stockpiling is coming to an end; the impact on the market is being gradually absorbed, and there has been an increase in sales at factory-level low prices today. At present, some factories in Shanxi and Inner Mongolia are still under pressure to collect payments due to a small amount of inventory that was accumulated earlier, but the overall market sentiment has improved significantly. The operating conditions in downstream industries continue to improve; the production of high-nitrogen fertilizers is at its peak. Sales for rubber sheet manufacturers are progressing smoothly, prices of melamine are rising, production activity is increasing, and inventory levels are low. It is expected that prices will gradually stabilize in the short term, while international market developments will need to be closely monitored.