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Urea market in Shandong region continues to stabilize
Urea market in Shandong continues to stabilize, with mainstream ex-factory transactions for small particles at 1840 yuan/ton, and large particles at approximately 1960 yuan/ton. The first-hand traders in Linyi market are referencing a selling price around 1910-1920 yuan/ton, while in Heze market, the reference price is around 1890-1900 yuan/ton. The Ming Shui plant is currently resuming operations, and other companies are producing normally. In the short term, market sentiment remains somewhat volatile, but spot prices are still influenced by guiding prices, and there have been no substantial news regarding exports, so the spot market continues to be stalemated. (Longzhong Information)