Longzhong Information: Urea prices in Shandong remain firm and stable

Urea prices in the Shandong region are holding firm and trading steadily. For small granules, mainstream ex-factory deals are around 1840 yuan/ton; for large granules, ex-factory reference is 1960 yuan/ton. In the Linyi market, first-hand traders’ shipment reference prices are around 1900-1910 yuan/ton, while in the Heze market the reference price is around 1880 yuan/ton. The Mingshui unit has stopped production due to a fault; other plants in the province are basically operating normally. Although agricultural off-take volumes have been declining recently, industrial demand for procurement remains stable and continuous. With spot supply prices in the surrounding areas staying firm, the impact from any price pressure is limited. (Longzhong Information)

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