On November 2, Shandong urea price rose 0.75%

Trade name: urea

 

Latest price (November 2): 1790.00 yuan / ton

 

The factory price of urea in Shandong Province rose on November 2, up 13.33 yuan / ton, or 0.75%, compared with that on October 30. The recent high-level consolidation of upstream liquid ammonia has a good cost support. Domestic demand is fair, agricultural demand in some areas has been followed up, appropriate procurement, industrial demand is in line with the market, mainly follow-up on bargain hunting, and some goods sources continue to gather in port. In terms of supply, some enterprises limited production and equipment maintenance, and local spot shortage.

 

It is expected that the short-term urea market will rise slightly in the future: the average price quoted by manufacturers is about 1800 yuan / ton.

PVA