Urea market in Shandong region is operating under a weak trend

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Shandong urea market conditions are running on the weaker side. For small-size particles, the mainstream ex-plant transaction price is around 1840 yuan/ton, while for large-size particles, the ex-plant reference price is 1960 yuan/ton. In the Linyi market, the one-tier traders’ shipment reference price is near 1880–1890 yuan/ton; in the Heze market, the reference price is near 1870 yuan/ton. Enterprises within the province are operating normally. Sentiment continues to run on the weak side, affecting the spot-trading atmosphere; market prices have been slightly lowered. At the current price level, it has basically matched factory prices, and in the short term it may remain stuck as the market waits. Factory prices remain stable and the trend continues; spot is still tight, but some companies face pressure from expectations. Unless there are unexpected developments, it is expected that in the later part of this week, some companies may adjust their prices. (Longzhong Information)

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