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Urea market in Shandong region remains basically stable
Urea market in Shandong remains basically stable, with mainstream small particle factory outlet transactions at 1840 yuan/ton, and large particle factory reference prices at 1960 yuan/ton. In Linyi market, the first-hand traders’ selling reference price is around 1900-1910 yuan/ton, and in Heze market, the reference price is around 1880 yuan/ton. The Ming Shui plant has shut down due to equipment failure, while production at other enterprises within the province is generally normal. Currently, manufacturers’ spot supply is still tight, but due to the influence of the guiding price, downstream buyers purchase on demand, and manufacturers accept orders moderately, so the market is currently in a state of temporary stability and stalemate. (Longzhong Information)