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Urea price trends across China as of July 21, 2016

2016-07-21View Original

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Urea price trends across China Author/Source: China Fertilizer Network Date: 2016-07-21 Clicks: 9 In areas where there is a demand gap due to agricultural needs, prices for urea remain stable; in most other areas, the demand from industry and agriculture is weak, resulting in an ample supply, and thus overall prices continue to decline steadily. Rainfall is slightly higher in the Shandong region; agricultural demand has basically come to an end. Today, the prices of high-end urea products have dropped by 20-30 yuan per ton. The prices of mainstream urea products at the factory level have fallen by 10 yuan, reaching 1230-1260 yuan per ton. Discounts are available for purchases, and there is still considerable room for discounts when selling to other regions ; Heavy rains in Hebei province have disrupted production and transportation; a major factory has temporarily halted operations, with the overall operational rate at only... (The omitted information is available in the member area; same for subsequent entries) ; Agricultural demand in Anhui region has declined, and the premium price of urea has dropped by 20 yuan; currently the standard factory price is 1240–1250 yuan, with transaction prices being slightly lower ; Manufacturers in the Xinjiang region mainly focus on exporting their products, and competition in this area remains fierce. The standard selling price of urea at factories has dropped to 950–1000 yuan; most sales within the local market take place at this lower price point, while the price for export is 850 yuan or slightly less, according to reports…… ; Hearing about Sichuan…… ; The market situation in the Northeast remains average; some dealers continue to stock up on products. A large factory in Jilin is still shut down, while a large factory in Liaoning has resumed full operations with stable export prices。...... Internationally, the Indian company IPL won the bid for only 300,000 tons of Iranian urea, thereby concluding this tender process; there are rumors that the Indian company MMTC will hold a new tender at the beginning of August,... Overall, the overall utilization rate of urea is not high; there is a slight shortage due to agricultural demand in certain areas, and prices remain relatively stable in some regions. However, exports continue to pose a negative factor, industrial demand is average, and the shortage for agricultural use is not significant. Competition among manufacturers in terms of selling their products abroad is particularly fierce. It is expected that urea prices will continue to decline steadily in the short term.   Regional market prices: Unit: yuan/ton (bold numbers in the table refer to large-grain urea) http://www.nmtech.com.cn/sys/sec_zxwz.jpg

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