Urea market in Shandong region continues to remain stable

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Urea market in Shandong continues to remain stable, with mainstream ex-factory transactions for small particles at 1720-1800 yuan/ton, and large particles at approximately 1900-1930 yuan/ton. In Linyi, first-hand traders are referencing prices around 1770-1780 yuan/ton, while in Heze, the reference price is around 1750-1760 yuan/ton. Domestic production by local companies is generally normal. In the past two days, company quotes have temporarily stabilized, with most shipments facing no pressure in the short term, and some shipments occurring alongside other deliveries. However, the overall market trading atmosphere is average, and before the Spring Festival, manufacturers’ orders have not yet begun to accumulate. Based on the current short-term situation, it is expected that prices within the province may still experience slight downward adjustments. (Longzhong Information)

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