Supply and Demand of Urea Saw Imbalance

By CnAgri2013-09-02 14:03:30 Print Urea: urea price went stable this week. Domestic market remained weak and winter reserves starts sporadically. Besides overcapacity, we should also note that production also saw excess. According to statistics, urea (N100％) production totaled 2.821 million MT in July, up 2.51% from last year. Urea production accumulated to 19.7738 million MT in January-July, up 10.43% from last year. Though demand for urea also increased year by year, the production growth rate of 10.43% still exceeded actual demand growth rate. And the imbalance is bound to cause market constraint by downstream.

From “China Fertilizer Market Weekly Report”