gate77750freespins| Shandong urea ex-factory price is 2,330 - 2,400 yuan/ton: market sentiment changes, short-term supply is tight

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[Shandong urea prices have dropped, spot supply is tight, but transactions are sluggish]

May 17, Shandong's urea market experiencegate77750freespinsFalling back after stabilization. At present, the ex-factory transaction price of small granular urea fluctuates between 2330 and 2400 yuan/ton. In the Linyi market, the reference price for shipments of first-hand traders remains at around 2370 to 2380 yuan/ton, while the reference price for the Heze market is between 2360 and 2370 yuan/ton.

Although Mingquan Enterprise suspended production due to maintenance, other urea production companies in the region were operating normally, and the overall urea supply was acceptable. However, due to the recent high urea prices, downstream buyers have begun to be cautious, transaction activity in the agricultural sector has not increased as expected, and market sentiment has undergone subtle changes.

In the short term, the situation of tight spot supply has not changed, but the risk of high prices has weakened the willingness of downstream users to purchase, and the market has insufficient motivation to rise again, causing the urea market to fall into a stalemate game in the short term.