Domestic urea market showed stable trend of decline

The domestic urea market showed a trend of steady decline. Due to the slight overcapacity of northern urea enterprises, a large number of outflows of urea caused a sharp drop in the market prices in the northeast and south regions. At present, the wholesale prices in the markets of Liaoning and Jilin have dropped to RMB 1950-1980/t. As the price of urea continued to decline recently, dealers around the country are very cautious in buying, and demand for fertilizers in Shandong and Hebei will end, and urea companies will cut prices again due to difficulties in sales. It is expected that the market price in North China will remain stable in the short term, and the market price of urea in most other regions will continue to decline slightly.

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