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Urea market in Shandong remains basically stable
Urea market conditions in the Shandong region are basically stable. Small granules’ mainstream ex-factory deals are 1830-1840 yuan/ton, and large granules’ ex-factory reference is 1950-1960 yuan/ton. In the Linyi market, first-hand traders’ shipment reference prices are around 1890-1900 yuan/ton; in the Heze market, reference prices are around 1870-1880 yuan/ton. The Lianyong plant has a malfunction and is temporarily shut down, while other companies in the province are producing normally. Today, some companies’ prices fluctuate slightly, but overall quotes remain steady. In the short term, there is no pressure on company shipments; but due to the guidance price, downstream buyers mainly purchase in small amounts as needed, taking opportunities to buy on dips. Market sentiment is fluctuating, and the spot market has therefore remained stagnant and continued to hold. (Longzhong Information)