Urea Price Stabilize after Previous Increase

By CnAgri2013-12-02 11:44:46 Print Urea: urea market kept basically stable recently after previous increase. Price in most areas kept adjustment narrowly except in NW and SW, where the price continued rising. In Shandong, the operating rate was at low level due to maintenance of some enterprises. Enterprises mostly executed previous orders since little new order is closed. Price saw obvious fluctuation. In Hebei, urea price has difficulty in increase with stable demand from both agriculture and industry and lack of gas. In Henna, mainstream quotation rose about RMB20/MT but some enterprises were still executing previous low-price orders. In Sichuan, urea price shall see great increase since some enterprises will make maintenance next month influenced by gas supply, but market demand is still flap. In NE, urea price saw increase with start of reserve in off-season in NE. Supported by raw material and start of reserve in off-season, urea price is predicted to go up with slight fluctuation. (Figure 1)



From “China Fertilizer Market Weekly Report”