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Urea price trends across China on April 23 Author/Source: Yuege Agri-Materials Network Date: 2021-04-23 Clicks: 17 The domestic urea market continued to see a slight increase in prices today. There was a decent level of activity in terms of new orders. Driven by a tendency to buy when prices rise and avoid buying when they fall, downstream buyers increased their inquiries and purchases. Companies that produce boards and compound fertilizers have low levels of raw material inventory, so they continue to place small-scale purchases, while the agricultural sector remains focused on occasional purchases. On the supply side, some urea-producing plants have reduced production or are under maintenance, resulting in a daily production volume of less than 150,000 tons. Manufacturers’ inventory levels are low, and supply is tight in certain areas; this tightened supply situation is supporting the current market conditions. It is expected that the domestic urea market will see further price increases in the short term. Below are the latest prices across various regions in China today: The main ex-factory prices for urea on April 23, along with changes in prices in different areas. In Shandong, the ex-factory price for small and medium-sized particles is 2,120–2,190 yuan per ton, while the prevailing transaction price is around 2,100–2,140 yuan per ton. In Linyi, the market price for small and medium-sized particles is about 2,200 yuan per ton. In Heze, the purchase price for such particles is around 2,170–2,180 yuan per ton, with some companies raising their prices by 10 yuan per ton. In Hebei, the ex-factory price for small particles is around 2,110–2,130 yuan per ton, and the prevailing transaction price is about 2,100 yuan per ton; again, some companies have raised their prices by 10 yuan per ton. In Henan, the main ex-factory price for small and medium-sized particles is 2,110–2,150 yuan per ton, with some companies increasing their prices by 10–20 yuan per ton. In Anhui, the main ex-factory price for small particles is around 2,200–2,210 yuan per ton, with some companies raising their prices by 20 yuan per ton. In Jiangsu, the main price for small and medium-sized particles is around 2,180–2,200 yuan per ton, with prices remaining stable for now. In Shanxi, the price for small particles is around 2,040–2,090 yuan per ton, while the price for large particles is around 2,020–2,070 yuan per ton; some companies have raised their prices by 10–20 yuan per ton. In Inner Mongolia, the main export price for small and medium-sized particles is around 1,910–1,990 yuan per ton, with some companies increasing their prices by 10 yuan per ton. In Hubei, the main ex-factory price for small particles is around 2,180 yuan per ton, with a price increase of 30 yuan per ton. In Shaanxi, the local sales price for small and medium-sized particles is around 1,980–2,050 yuan per ton, with a price increase of 20 yuan per ton. In Guangxi, the main wholesale price for small and medium-sized particles is around 2,220–2,230 yuan per ton, with prices remaining stable. In Sichuan, the ex-factory price for small and medium-sized particles is around 2,100–2,130 yuan per ton, with some companies raising their prices by 20 yuan per ton. In Guangdong, the main wholesale price for small and medium-sized particles is around 2,220 yuan per ton, with prices remaining stable. In Xinjiang, the ex-factory and transaction prices are around 1,700–1,770 yuan per ton, with prices remaining stable. In Jilin, the ex-factory price is around 2,150 yuan per ton, with prices remaining stable. In Heilongjiang, the price for small particles transported by road or train is 2,120 yuan per ton, with prices remaining stable. In Liaoning, the price for small particles transported by road is around 2,130–2,190 yuan per ton, with prices remaining stable. Overall, urea prices across the country continue to rise, with major manufacturers increasing their prices by 10–20 yuan per ton. On the supply side, due to an increase in companies that temporarily suspend operations, the daily urea production volume dropped to around 154,000 tons. Furthermore, some urea plants with melamine production capacity increased their own consumption, leading to a decrease in the supply available on the market. As the reserve fertilizers are gradually used up, social inventory levels in markets such as Henan, Jiangsu, and Guangdong have declined. Moreover, due to an improvement in agricultural demand, prices for transactions in these markets have risen. The production of compound fertilizers in the North China and East China regions remains at a high level, and the overall market still has support in the short term; it is expected that prices will continue to remain stable.