Thread Content
Urea price trends across China on March 17 Author/Source: Yuege Agri-Materials Network Date: 2021-03-17 Clicks: 19 The domestic urea market continued to rise. On Saturday, India’s RCF issued a new round of tender for urea imports; the bidding will take place on March 22, with the deadline for submissions being March 31, and the latest shipping date being April 28. Driven by these positive developments in India’s tender process, sentiment in the domestic market improved, and there was a favorable atmosphere for new orders from manufacturers. Existing inventory levels continued to decline, prompting manufacturers to maintain high prices. On the demand side, agriculture relies on consumption as it occurs; the operating load of industrial compound fertilizer manufacturers has increased slightly, leading to a greater willingness to purchase urea. On the supply side, urea manufacturers maintain high operating capacities, resulting in a relatively ample supply. It is expected that the domestic urea market will remain stable with slight increases in the short term; going forward, attention will be focused on downstream demand trends and international bidding developments. In Shandong region, the ex-factory price of small and medium-sized particles is 2,060–2,110 yuan per ton, with the prevailing transaction price ranging from 2,040–2,090 yuan per ton. In Linyi region, the market price for such particles is around 2,130–2,140 yuan per ton. In Heze region, the purchase price is estimated at 2,080–2,090 yuan per ton; some companies have raised their prices by 10–20 yuan per ton. In Hebei region, the ex-factory price of small particles is around 2,070–2,080 yuan per ton, while the prevailing transaction price is about 2,050–2,060 yuan per ton. Some companies have increased their prices by 10–20 yuan per ton. In Henan region, the mainstream ex-factory price for small and medium-sized particles is 2,050–2,100 yuan per ton, with some companies raising their prices by 20–30 yuan per ton. In Anhui region, the mainstream ex-factory price for small particles is around 2,120–2,180 yuan per ton, with some companies increasing their prices by 20 yuan per ton. In Jiangsu region, the mainstream price for small and medium-sized particles is around 2,080–2,190 yuan per ton, with some companies raising their prices by 20 yuan per ton. In Shanxi region, the price of small particles is around 1,950–1,960 yuan per ton, while the price of larger particles is around 1,980–1,990 yuan per ton. Some companies have increased their prices by 10–20 yuan per ton. In Inner Mongolia region, the mainstream export price for small and medium-sized particles is around 1,860–2,000 yuan per ton, with some companies raising their prices by 30 yuan per ton. In Hubei region, the ex-factory price of small particles is around 2,150 yuan per ton, representing a increase of 30 yuan per ton. In Shaanxi region, the local sales price for small and medium-sized particles is around 2,050 yuan per ton, with some companies raising their prices by 30 yuan per ton. In Guangxi region, the mainstream wholesale price for small and medium-sized particles is around 2,250 yuan per ton, with a price increase of 20 yuan per ton. In Sichuan region, the ex-factory price for small and medium-sized particles is around 2,100–2,120 yuan per ton, with prices remaining stable for now. In Guangdong region, the mainstream wholesale price for small and medium-sized particles is around 2,250–2,270 yuan per ton, with a price increase of 10–30 yuan per ton. In Xinjiang region, the ex-factory and transaction prices are around 1,650–1,730 yuan per ton, with some companies raising their prices by 20 yuan per ton. In Jilin region, the ex-factory price is around 2,150 yuan per ton, with prices remaining stable for now. In Heilongjiang region, the price of small particle urea, when transported by road or train, is 2,200 yuan per ton, with prices remaining stable. In Liaoning region, the road transport price of small particle urea is around 2,050–2,110 yuan per ton, with prices remaining stable. Driven by expectations regarding production targets, the national urea market continues to recover, with a noticeable increase in purchasing activity, especially among large industrial users. The increase in prices this time is due to a simultaneous rise in market prices and factory ex-works prices, rather than a passive acceptance of price increases set by the factories; this indicates that the market is generally optimistic regarding printed pricing levels and domestic market prospects. At present, the initial pressure from upstream factories has been largely alleviated, with no shortage of orders at the moment. Factories that have an advantage in exporting are restricting new orders to keep the pressure related to shipping to ports under control. Domestic prices are expected to remain strong in the short term.