Urea market in Shandong remains stable and continues to hold steady

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Urea market conditions in the Shandong region remain stable and continue. For small granules, the mainstream ex-factory transaction price is 1830-1840 yuan/ton. For large granules, the ex-factory reference price is 1950-1960 yuan/ton. In the Linyi market, the price that first-tier traders sell at is around 1890-1900 yuan/ton, while in the Heze market the reference price is around 1870-1880 yuan/ton. Production at enterprises within the province is basically normal. In the past two days, new orders have been average, but downstream buyers with immediate needs are continuing to purchase, and manufacturers’ spot inventory remains tight, so pricing stays stable and continues. As for the market, sentiment is weak and it is consolidating; combined with prices being at the benchmark level, downstream buyers mainly purchase on an as-needed basis. Enterprise prices in the province and in surrounding areas remain firm, and market conditions also remain stable in the short term. (Lonzong Information)

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