Urea price trends across China as of July 26, 2016

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Urea price trends across China Author/Source: China Fertilizer Network Date: 2016-07-26 Clicks: 1 In most areas of the urea market, the demand from agriculture is very low; the volume of purchases by industrial compound fertilizer manufacturers and other entities has increased only slightly. As a result, supply is relatively ample, and overall prices continue to decline. In the Shandong region, demand from industry and agriculture is moderate. Since the weekend, the prevailing ex-factory price of urea has dropped by 30–40 yuan per ton, reaching around 1200 yuan. Although a few high-end products still have an ex-factory price above 1230 yuan, there are also cases where prices are lower in certain areas... (More details available in the member area; same applies below.) The price upon receipt in Linyi…… ； The overall production rate in Hebei region has risen slightly to..., and it continues to be affected by low-priced goods from Inner Mongolia; as a result, the local standard ex-factory prices have dropped by 20 yuan, to 1180–1200 yuan, with transaction prices being slightly lower ； New orders from manufacturers in the Henan region are average; the mainstream factory prices for urea range from 40 yuan to around 1,200 yuan, with actual transaction prices being slightly lower ； Demand in the Anhui region for both industrial and agricultural use is moderate; the standard factory price of urea has dropped by 10-20 yuan, to between 1220-1240 yuan, with transaction prices being slightly lower ； The operating rate of urea production in Inner Mongolia remains low, but there is basically no shortage of supply for local markets; competition for exports is fierce. The main export prices for urea are around 20 yuan lower, at 1000–1180 yuan per unit, with actual transaction prices being slightly lower. For large-grain urea, the mainstream factory prices in Shandong range from 20 yuan to 1,200 yuan; those in Hebei range from 50 yuan to 1,230 yuan. Prices can still be negotiated in these cases. In Xinjiang, the mainstream factory prices have dropped to around 980 yuan, showing a significant decrease. Overall, the overall utilization rate of urea is not high; however, exports remain a negative factor. The demand from the agricultural sector is already very low. It is not yet time for compound fertilizer manufacturers to start mass production of autumn fertilizers, and some companies are also concerned that inventories might gradually increase. Therefore, it is expected that urea prices will decline 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