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On March 12th, the urea market in Shandong remains firm.
Shandong urea market is holding firm and operating steadily. For small granules, the prevailing ex-factory has been around 1840 yuan/ton, while for large granules the ex-factory reference is 1960 yuan/ton. In the Linyi market, one-hand traders’ shipment reference price is around 1890 yuan/ton; in the Heze market, the reference price is around 1870-1880 yuan/ton. This week, the Shandong urea market has been holding firm. As of Thursday, the prevailing ex-factory price is 1840 yuan/ton. Just when the market was a bit rigid and showing signs of loosening, sentiment rose again and prices jumped, improving corporate new-order performance. At the same time, since Shandong province is in the early green-sprouting fertilization season, industrial demand remains stable and sustained, so spot prices are once again trending firm. However, due to the impact of the guidance price, companies’ quotes continue to stay stable; after a small uptick, the market also remains stable and stays stuck. (Longzhong Information)