Domestic urea market prices steadily decline

The domestic urea market prices have steadily declined. Supported by local market demand, the market prices in most regions have remained stable, but the demand for agricultural fertilizers will gradually decrease. The majority of pre-commercial fertilizer companies have more inventory, and due to the weak market conditions for compound fertilizers, The operating rate of the plant is generally low, and the demand for urea has begun to decrease. Recently, the degree of market attention has shifted to exports. In recent days, individual companies have collected goods in Hong Kong. The transaction volume is between 1-2 million tons, and the arrival price is 1910-1930 yuan per ton. Recent companies have reported that the number of inquiry calls from traders has increased, but due to the low arrival price required, enterprises are still considering. It is expected that the urea market price will remain stable mainly before the Qingming period.


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