Domestic urea market continues to decline

The domestic urea market continued to decline, supported by cost, and the market slowed down. At present, the wholesale price of urea in Guangdong, Guangxi and Northeast China has fallen below 2,000 yuan/ton, and the arrivals outside the province have decreased. Shandong, Hebei, and The price of urea in major enterprises in Henan and other places has dropped to 1,850 yuan/ton, which is difficult to deal with. Port traders are unaware of the risks of late-stage export markets. There is no export stocking operation. The recent domestic coal prices are basically stable. They support the ex-factory price of urea 1800-1850 yuan/ton. There are still demand for fertilizers for early corn and other crops in North China. The local sales prices of urea enterprises in Shandong and Hebei remained stable for the time being. Due to the poor overall market demand, the trend of urea is expected to show a steady decline.

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