Urea Quotation Rebounds in Some Areas

By CnAgri2013-10-18 11:39:42 Print Urea: domestic urea market remained stable in general and saw both increase and decrease. Half a month later, export tariff will be closed. In Shandong and other areas, enterprises took their area advantage to accelerating urea delivery to ports, due to which and demand from downstream, quotation from mainstream factories saw increase. In Hebei and Shanxi, dealers were mostly straddling and quotation remained stable. In Henan, with normal production and weak demand, urea manufacturers were suppressed by stocks. In NE, the quotation kept stable since winter storage has not started. In short terms, it is predicted quotation from some areas shall rebound slightly due to delivery to ports, but in general, urea market shall remain adjustment at a low level. (Figure 1)

From “China Fertilizer Market Weekly Report”