UREA and ABC price in China (20120628-20120705)

By CnAgri2012-07-06 16:21:04 Print

UREA: UREA market demand was weak in general, no staple transaction made during last week, increasing much pressure on downside risk. Producers enhanced their sales promotion, single debate phenomenon on execution of federal researve, tentative price and transaction continuously increased, leading UREA market price a little bit mess. Quotations of manufacturers are quite different, but downward trends was obvious in general. (Figure 1)

ABC: Average retail price of ABC during last week continuously slid to RMB750Yuan/MT, down by about RMB10/MT compared with the previous week, up less than 2% year on year. (Figure 2)

From "China Fertilizer Market Weekly Report"