Urea Production in High Gear

By CnAgri2012-09-21 13:47:24 Print

Though urea price slipped RMB200 ~ 300/MT in the last few months, the urea industry is running at more than 90% of their capacity currently. Shandong, Jiangsu and Henan are making full use of their capacity. This is accredited to the reduction of production cost.

As urea price fell below RMB2,000/MT in early September, urea overseas orders of small quantities increased, easing producers’ stock pressure.

With the approach of fall planting, urea traders and NPK producers have started urea purchase, conducive to urea sales in the short run. When the low-tariff period of urea exports is over, urea price is presumed to decline.

From “China Fertilizer Market Weekly Report”