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Shandong Region Urea Market Operates in Stalemate
Urea market in Shandong remains stagnant, with mainstream factory transaction prices for small particles at 1820-1840 yuan/ton, and large particles around 1960 yuan/ton. In Linyi, first-hand traders are offering around 1880 yuan/ton, while in Heze, the reference price is about 1840 yuan/ton. Domestic production is generally normal. Today, some companies slightly lowered their prices to promote orders, while most remain stable for now. Market trading atmosphere is somewhat stagnant, influenced by guiding prices, and sentiment is temporarily unstable. Downstream buyers are mostly cautious and purchasing on demand, so prices have slightly softened. However, given the manufacturers’ pricing levels, there is limited room for market adjustment at the moment. (Longzhong Information)