Urea price slowed down

The rate of decline in domestic urea prices has slowed down. Most manufacturers with output of 500,000 tons or more have kept their quotation steady. A small part of urea producers still lower their prices in exchange for market. The effect is still not obvious, and the trading volume has stabilized compared to the previous day. The overall situation has stabilised signs.
In terms of manufacturers, Henan Xinlianxin urea car plate price reported 1,860 yuan (ton price, the same below), the volume of sales declined; Anhui Linquan local sales quotation was reduced to 1950 yuan, and some sources of goods were for light storage orders, and the number of inquiries increased.
In the market, the prices of urea in East China and North China showed signs of stabilizing, with prices ranging from RMB 1850 to RMB 1920 in Shandong, which were unchanged from the previous day; quotes in Anhui were RMB 1930 to RMB 2,000, down RMB 10-30; Hebei's prices were RMB 1890 to RMB 1950. 10 yuan; Shanxi offer 1880 to 1900 yuan, up 30 yuan. Prices of urea in South China continued to decline, most agricultural production in the South has stopped, demand is very low, market transactions are minimal, and there is no market for prices. The price of urea in the northwest region was in a stable state, and most manufacturers had low enthusiasm for start-up due to factors such as electricity restriction and price. The mainstream price of small-size urea was around 1900 yuan. Most of the orders were industrial orders, and the transaction volume was small. The urea price in the northeastern region is stable, and manufacturers can still start construction, mainly in order production and supply industries, and the market transactions are stable.
In the market outlook, there are signs of stabilization in the urea market, and there has been a slight increase in inquiry and trading volume, and agricultural orders have started to increase. It is expected that the signs of stabilization of urea will continue and the market outlook will see more.

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