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Today, the urea market in Shandong Province continues to stabilize.
Urea market in Shandong continues to stabilize, with mainstream ex-factory transactions for small particles at 1830-1840 yuan/ton, and large particles at approximately 1940-1960 yuan/ton. The first-hand traders in Linyi market are referencing a selling price of around 1890-1900 yuan/ton, while in Heze market, the reference price is about 1870-1880 yuan/ton. Provincial enterprises are operating normally. Although recent days’ new order transactions have been temporarily average, there is no pressure on shipments, and downstream demand is continuously following according to needs. The nearby markets are also experiencing tight spot supplies, so the provincial market will likely remain stagnant and basically stable in the short term. (Longzhong Information)