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Urea price trends across China on March 19 Author/Source: Business Society Date: 2021-03-19 Clicks: 5 Today, the domestic urea market continued to rise slightly. Driven by positive developments in India’s tender process, sentiment in the domestic market improved, and there was increased enthusiasm among downstream buyers to place orders. Some companies began shipping orders destined for ports, and manufacturers received a decent amount of new orders. As previous inventory levels continued to decline, prices remained stable. On the demand side, agriculture relies on harvesting and using resources as needed; the operating load of industrial compound fertilizer manufacturers has increased slightly, with purchases being made according to each company’s own circumstances. On the supply side, urea manufacturers maintain high operating capacity, ensuring an 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 developments in Indian tenders. In Shandong, the ex-factory price for small and medium-sized particles is 2,080–2,140 yuan per ton, with the prevailing transaction price ranging from 2,060–2,100 yuan per ton. In Linyi, the market price for such particles is around 2,150–2,160 yuan per ton. In Heze, the purchase price for small and medium-sized particles is approximately 2,100 yuan per ton; some companies have raised their prices by 10–20 yuan per ton. In Hebei, the ex-factory price for small particles is around 2,090–2,100 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, the mainstream ex-factory price for small and medium-sized particles is 2,060–2,100 yuan per ton, with some companies raising their prices by 10–20 yuan per ton. In Anhui, the mainstream ex-factory price for small particles is around 2,140–2,180 yuan per ton, with some companies increasing their prices by 20 yuan per ton. In Jiangsu, the mainstream price for small and medium-sized particles is around 2,100–2,210 yuan per ton, with some companies raising their prices by 20 yuan per ton. In Shanxi, the price for small particles is around 2,000–2,010 yuan per ton, while the price for larger particles is around 2,000–2,020 yuan per ton. Some companies have increased their prices by 10–20 yuan per ton. In Inner Mongolia, the mainstream export price for small and medium-sized particles is around 1,860–2,000 yuan per ton, with prices remaining stable for now. In Hubei, the ex-factory price for small particles is around 2,150 yuan per ton, with prices stable as well. In Shaanxi, the local sales price for small and medium-sized particles is around 2,050 yuan per ton, with prices stable. In Guangxi, the mainstream wholesale price for small and medium-sized particles is around 2,260–2,270 yuan per ton, with prices stable. In Sichuan, the ex-factory price for small and medium-sized particles is around 2,100–2,120 yuan per ton, with prices stable. In Guangdong, the mainstream wholesale price for small and medium-sized particles is around 2,250–2,300 yuan per ton, with prices stable. In Xinjiang, the transaction price at the factory is around 1,680–1,730 yuan per ton, with prices stable. In Jilin, the ex-factory price is around 2,150 yuan per ton, with prices stable. In Heilongjiang, the price for small particle urea by road or rail transport is 2,200 yuan per ton, with prices stable. In Liaoning, the price for small particle urea by road transport is 2,050–2,110 yuan per ton. The nationwide urea market remains strong, with prices rising slightly in some regions such as Shandong. On the supply side, upstream factories have ample inventory ready for shipment, and prices remain firm. On the demand side, the positive impacts of the improved pricing in India have been gradually absorbed by the market; as a result, purchasing activity driven by market trends has decreased. Suppliers are meeting existing orders while making purchases only as needed. Nevertheless, overall demand remains strong, and downstream industrial users are gradually accepting the current prices, leading to relatively stable market transactions. It is expected that domestic market prices will remain strong in the short term.