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Urea price trends across China on August 13 Author/Source: Yuege Agri Supplies Network Date: 2021-08-13 Clicks: 5 It is reported that India has approved new bids for urea imports; RCF will handle these bids, and the details of these bids are expected to be released next week, with shipments planned for September. Today, the urea market continued to experience downward pressure. Affected by attitudes such as preferring to buy when prices rise rather than when they fall, downstream buyers were less enthusiastic about stockpiling, with transactions mainly driven by genuine demand. Urea manufacturers faced difficulties in securing new orders, which increased their shipping pressures; as a result, they continued to reduce prices in an attempt to attract customers. On the demand side, there are occasional purchases for agricultural use; industrial sheet compound fertilizer manufacturers operate at moderate capacity, while melamine manufacturers operate at high capacity. Overall, the industrial sector operates on a just-in-time basis. On the supply side, some enterprises that had been shut down for maintenance have begun to resume operations recently, resulting in a slight increase in China’s daily urea production. The domestic urea market is expected to remain stable but weak in the short term. On August 13th, the main ex-factory prices for urea in various regions were as follows. Changes in these regional prices are as follows: In Shandong, the reference ex-factory price for small and medium-sized granules is 2,700–2,740 yuan per ton. In Linyi, the market price for such granules is around 2,730–2,740 yuan per ton. In Jizhou, the purchase price for small and medium-sized granules is around 2,720 yuan per ton, with some companies offering prices 10–30 yuan lower per ton. In Hebei, the ex-factory price for small granules is around 2,750–2,760 yuan per ton, with some companies reducing their prices by 10–20 yuan per ton. In Henan, the main ex-factory price for small and medium-sized granules is 2,670–2,720 yuan per ton, again with some companies offering prices 10–30 yuan lower per ton. In Anhui, the main ex-factory price for small granules is around 2,810–2,850 yuan per ton, with prices remaining stable for now. In Jiangsu, the main price for small and medium-sized granules is around 2,870–2,890 yuan per ton, also stable. In Shanxi, the price for small and medium-sized granules is around 2,600–2,630 yuan per ton, with prices stable. In Inner Mongolia, the main price for such granules is around 2,480–2,700 yuan per ton, stable as well. In Hubei, the main ex-factory price for small granules is around 2,750–2,780 yuan per ton, stable. In Shaanxi, the local sales price for small and medium-sized granules is around 2,650–2,680 yuan per ton, stable. In Guangxi, the main wholesale price for small and medium-sized granules is around 2,850 yuan per ton, stable. In Sichuan, the ex-factory price for such granules is around 2,650–2,670 yuan per ton, stable. In Guangdong, the main wholesale price for small and medium-sized granules is around 2,830–2,860 yuan per ton, stable. In Xinjiang, the ex-factory price is around 2,360–2,450 yuan per ton, with some companies offering prices 50 yuan lower per ton. There are no available prices for Jilin at present. In Heilongjiang, the price for small granules transported by road or train is 2,670 yuan per ton, stable. In Liaoning, the price for small granules transported by road is around 2,760–2,800 yuan per ton, stable. The national urea market continues to show a downward trend. On the supply side, production at factories in the Jincheng area of Shanxi is gradually resuming, and railway transportation is expected to return to normal soon as well. However, currently companies are facing average demand for orders, which puts some pressure on inventory levels. On the demand side, overall demand from downstream industries remains weak; rubber sheet manufacturers are mainly using up their previous inventory, with few new orders being placed. Under the downward market trend, market sentiment is clearly bearish, and transaction volumes are poor. The market is currently focusing on the next round of tender announcements, but no definite information has been released yet; it is likely that India will issue tenders next week