Urea Price Rebounds with Demand Release

By CnAgri2013-11-15 10:39:45 Print Urea: Recently, the gloomy urea market finally stabilized and urea price rebounded in most areas supported by demand release in some areas, high international price and still heat container gate in. In Shandong, urea quotation raised. Container gate-in consumed some stocks. Besides, demand from NPK manufacturers also increased, promoting urea price to rebound. Influenced by price increase in Shandong, urea price increased slightly as well in surrounding provinces like Hebei and Shanxi. Urea quotation rose in Henan since off-season reserves is well caried out. In SW areas, operating rate kept low lack of gas, so market supply decreased. Winter reserve was slowly carried out in NE and quotation remained stable. Urea wholesale price also increased influenced by price rise in NC. Lack of momentum, urea market is predicted to remain fluctuating. (Figure 1)



From “China Fertilizer Market Weekly Report”