Urea market in Shandong region remains basically stable

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Urea prices in Shandong remain relatively stable. Mainstream factory transaction prices for small particles are around 1810 RMB/ton, while large particles are approximately 1930 RMB/ton. In Linyi, the first-hand traders’ selling prices are around 1860 RMB/ton, and in Heze, the reference price is about 1830 RMB/ton. This week, urea prices in Shandong are holding steady, with mainstream factory prices reaching 1810 RMB/ton by Thursday. Since the holiday, the agricultural markets within the province and surrounding areas have been active, with downstream merchants gradually stocking up. Manufacturers’ spot supplies are somewhat tight, but due to guidance prices, prices have stabilized after an initial increase. However, market prices are influenced by sentiment, and the upward momentum is expected to slow down in the future. (Longzhong Information)

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