Urea Price Continues Increasing in all Areas

By CnAgri2013-11-25 11:39:47 Print Urea: urea market kept upward this week and price increase spread nationally and even to SW and NW, where the price kept stable previously. Mainstream quotation increased about RMB40/MT in Shandong. Supported by procurement of NPK enterprises and delivery to ports by some enterprises, plus operating rate was not high, urea manufacturers were not suppressed by stocks in Shandong. Driven by price increase in Shandong, urea price increased as well in surrounding provinces like Shanxi and Hebei. Urea price saw greater increase in Anhui of RMB70/MT. In NW and SW, urea quotation increased due to inadequate supply of gas and low operating rate. Price in Guangdong rose for arrivals from other provinces increased price. Supported by raw material price, international urea market and NPK storage in off-season, urea price is predicted to increase slightly. (Figure 1)



From “China Fertilizer Market Weekly Report”