Urea market in Shandong remains stable overall

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The urea market in Shandong remains stable, with small granules mainly transacting at 1820-1840 RMB/ton at the factory gate, and large granules referenced at 1950-1960 RMB/ton. In the Linyi market, first-hand traders are selling at reference prices around 1880-1890 RMB/ton, while in the Heze market, reference prices are around 1860-1870 RMB/ton. An alliance facility experienced a short outage, while other enterprises in the province are operating normally. This week, the urea market in Shandong has seen slight fluctuations, with mainstream factory prices at 1820-1840 RMB/ton as of Thursday. The province’s green-up fertilizers are gradually being applied, and the industry is cautiously purchasing based on demand. Prices among local enterprises remain stable, with minor fluctuations at times. However, due to sentiment and support from surrounding prices, the short-term fluctuations are relatively limited, and the overall market remains in a stalemate. (Longzhong Information)

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