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Urea Industry Production and Sales Trends as of March 19 Author/Source: Business News Date: 2021-03-19 Clicks: 7 On March 19, the urea production equipment at Yangmei Pingyuan Chemical Co., Ltd. was operating normally. Small-particle urea costs 2,120 yuan per ton; the quoted price remains stable, with the actual transaction price determined through negotiation. On March 19, the urea production equipment at Shandong Jinmei Mingshui Chemical Group Co., Ltd. was operating normally. The price of small-particle urea was 2,130 yuan per ton, representing an increase of 10 yuan per ton; the actual transaction price was determined through negotiation. On March 19, the urea production equipment at Shandong Ruixing Chemical Co., Ltd. was operating normally, with an annual urea production capacity of 1.6 million tons; currently, the daily production is around 5,000 tons. The spot price for small-particle urea is 2,100 yuan per ton; the quote remains stable for now, with the actual transaction price determined through negotiation. On the demand side: Agricultural demand is usually met as it is harvested, with limited willingness on the part of end-users to make purchases; agricultural purchasing is cautious in major regions ； The operating load of downstream compound fertilizer and rubber sheet factories has increased slightly; small orders are placed at lower prices, with most decisions being made based on market conditions. On the supply side: Currently, the operating rate of urea manufacturers is around 72.5%, with a daily production volume of about 160,000 tons. Some of the inventory held in reserve is being released gradually, resulting in an increase in the operating capacity of urea manufacturers, and thus an ample supply side. Driven by the gradual recovery in demand in various regions, the positive impact of tenders in India, and an improved sentiment in the domestic market, some manufacturers still remain willing to maintain high prices.