Urea price trends across China on November 15

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This post was last edited by Desert Fish on 2021-11-23 at 14:00. Prices of urea across China as of November 15 – Author/Source: Yuege Agri-Materials Network; Date: 2021-11-15; Clicks: 4. The urea market in China has remained sluggish since the weekend; downstream factories and traders are still adopting a wait-and-see attitude, with limited willingness to make purchases for fertilizer preparation. At present, the production levels of compound fertilizer manufacturers have not increased yet, and companies involved in stockpiling are also waiting for the right time to make purchases. Given that the Winter Olympics will be held in Beijing on February 2, large-scale production cuts may occur in regions such as Hebei, Henan, Shandong, Tianjin, and Shanxi after New Year’s Day. There is therefore little time left for downstream entities to prepare their fertilizers. On the supply side, some enterprises in Shanxi region have resumed operations; due to tight natural gas supplies, gas-using enterprises will start to shut down one after another starting today, leading to an expected decline in the daily production of urea in the coming period. It is expected that the domestic urea market will experience only slight fluctuations in the short term; going forward, attention will be focused on the shutdowns of enterprises using gas as a raw material and the situation regarding fertilizer stockpiling by downstream users. Main ex-factory prices for urea in various regions as of November 15: Changes in these regional prices. In Shandong, the reference price for small and medium-sized pellets at ex-factory is around 2,500–2,540 yuan per ton, while large pellets are priced at around 2,750 yuan per ton. In Linyi, the market price for small and medium-sized pellets is around 2,550 yuan per ton. In Heze, the purchase price for such pellets is around 2,520–2,530 yuan per ton, with prices remaining stable for now. In Hebei, the ex-factory price for small pellets is around 2,520–2,530 yuan per ton; some companies have reduced their prices by 20–30 yuan per ton since the weekend. In Henan, the main ex-factory price for small and medium-sized pellets is 2,480–2,550 yuan per ton, with some companies having lowered their prices by 20–50 yuan per ton since the weekend. In Anhui, the main ex-factory price for small pellets is around 2,550–2,580 yuan per ton; a few companies have reduced their prices by 40 yuan per ton since the weekend. In Jiangsu, the main price for small and medium-sized pellets is around 2,650–2,670 yuan per ton, with some prices reduced by 30 yuan per ton since the weekend. In Shanxi, the price for small and medium-sized pellets is around 2,410 yuan per ton, while large pellets are priced at around 2,580–2,600 yuan per ton, with prices remaining stable. In Inner Mongolia, the main price for small and medium-sized pellets is around 2,350–2,550 yuan per ton; prices are determined on a case-by-case basis, with no changes so far. In Hubei, the main ex-factory price for small pellets is around 2,650–2,700 yuan per ton, with prices remaining stable. In Shaanxi, the local selling price for small and medium-sized pellets is around 2,480–2,530 yuan per ton, with prices remaining stable. In Guangxi, the main wholesale price for small and medium-sized pellets is around 2,800 yuan per ton, with prices remaining stable. In Sichuan, the ex-factory price for small and medium-sized pellets is around 2,710 yuan per ton, with prices remaining stable. In Guangdong, the main wholesale price for small and medium-sized pellets is around 2,750 yuan per ton, with prices remaining stable. In Xinjiang, the ex-factory price for small and medium-sized pellets is around 2,650–2,850 yuan per ton, with prices remaining stable. In Gansu, the ex-factory price for small pellets is around 2,600 yuan per ton, with prices remaining stable. In Heilongjiang, the price for small pellets transported by truck is around 2,650 yuan per ton, with prices remaining stable. In Liaoning, the price for small pellets transported by truck is around 2,630 yuan per ton, with prices remaining stable