Urea prices in the Shandong market remain stable

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Shandong urea market conditions are stable and continue to hold. Small granules’ mainstream factory-gate deal prices remain at 1830-1840 yuan/ton, and large granules’ factory-gate reference price is 1960 yuan/ton. In the Linyi market, first-hand traders’ shipment reference prices are around 1890-1900 yuan/ton, while in the Heze market the reference price is around 1870-1880 yuan/ton. The Alliance unit has a fault and is temporarily shut down, while other enterprises in the province are operating normally. Over the past two days, enterprises have seen fewer new orders成交, but outbound shipments in the short term still face no pressure. Some plants report tight spot supplies, and quoted prices are temporarily stable and continue. As for the market, on the one hand, Qingming/early-spring fertilizer demand is being rolled out gradually; on the other hand, the price-cap policy affects downstream procurement sentiment. Downstream buyers mainly purchase based on actual needs, and the market remains lukewarm. Market prices are temporarily holding steady. (Lonzong Information)

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